De Laurentis, Giacomo; Mattei, Jacopo - In: Managerial Finance 35 (2009) 10, pp. 860-873
: lessors are ex ante able to balance the probability of default and the loss given default case by case, using proper contract … limitations/implications – The data used are large enough, but come from institutions concentrated in Italy. Future research could … intermediaries have the capability of properly assessing risk components and manage loss given default (LGD) in order to control …