Agrawal, Khushbu; Maheshwari, Yogesh - In: South Asian Journal of Global Business Research 5 (2016) 2, pp. 268-284
Purpose – The purpose of this paper is to assess the significance of the Merton distance-to-default (DD) in predicting defaults for a sample of listed Indian firms. Design/methodology/approach – The study uses a matched pair sample of defaulting and non-defaulting listed Indian firms. It...