Fidrmuc, Jarko; Hainz, Christa; Malesich, Anton - William Davidson Institute, University of Michigan - 2006
incentive effects.
Keywords: SME, Credit, Loan Default, Mortality Rates, Incentives, Probit, Panel Data.
JEL Classification …
evidence on the default and mortality rates of bonds, it is hard to transfer the results in
this field to corporate loans. The … marginal mortality rates) are hump shaped, with the
highest mortality rate reached about three years after the credit approval …