Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10009381335
Persistent link: https://www.econbiz.de/10012819284
Persistent link: https://www.econbiz.de/10003704975
Persistent link: https://www.econbiz.de/10011476108
Persistent link: https://www.econbiz.de/10009741780
Persistent link: https://www.econbiz.de/10011684510
This paper evaluates the characteristics of a Point in Time (PiT) rating approach for the estimation of firms' credit risk in terms of procyclicality. To this end I first estimate a logit model for the probability default (PD) of a set of Italian non-financial firms during the period 2006-2012,...
Persistent link: https://www.econbiz.de/10012999071