Ekinci, Aykut - In: European financial and accounting journal : EFAJ 11 (2016) 1, pp. 39-63
This study argues that increasing malinvestment in an economy raises the actual credit risk but not the calculated … credit risk until the onset of a recession. To this end, I analyse the relationship between credit risk and malinvestment in …-performing loans data since Italy was the most affected by malinvestment among the countries in question. As a result, this paper …