Dou, Chao; Yang, Xue; Liu, Wei; Sun, Rui - In: China journal of accounting studies 10 (2022) 1, pp. 73-94
The phenomenon of corporate debt default has broken out in recent years, which highlights the importance of the macro situation to the stability of business operations. In this paper, the debt default of A-share listed companies in Shanghai and Shenzhen Stock Exchange from 2008 to 2018 are used...