Lohmann, Christian; Ohliger, Thorsten - In: European Financial Management 27 (2021) 4, pp. 620-640
The cure of a defaulted company has important implications for the estimation of the loss given default. In this study …, we estimate the probability of a defaulted company being cured using data on a large international sample of defaulted … companies. More specifically, we examine whether historic accounting information on a defaulted company and loan …