Fidrmuc, Jarko; Ciaian, Pavel; Kancs, d'Artis; … - In: Annals of Economics and Finance 14 (2013) 1, pp. 53-68
In light of the recent financial and economic crisis the present paper analyzes the determinants of loan default. We employ a unique firm-level panel data of 700 bank loans given to small and medium sized enterprises in Slovakia between 2000 and 2005 to investigate three loan default hypotheses....