Purpose – The purpose of this paper is to develop a hybrid logistic model by using the inputs obtained from BSM equity-based option model described in the companion paper, “Mapping corporate drift towards default – Part 1: a market-based approach” that can more accurately predict...

Purpose – This paper aims at developing an early warning signal model for predicting corporate default in emerging market economy like India. At the same time, it also aims to present methods for directly estimating corporate probability of default (PD) using financial as well as non-financial...

Purpose – This paper aims at developing an early warning signal model for predicting corporate default in emerging market economy like India. At the same time, it also aims to present methods for directly estimating corporate probability of default (PD) using financial as well as...

Purpose – The purpose of this paper is to develop a hybrid logistic model by using the inputs obtained from BSM equity‐based option model described in the companion paper, “Mapping corporate drift towards default – Part 1: a market‐based approach” that can more accurately predict...