A comprehensive look at the enormous growth and evolution of distressed debt markets,
corporate bankruptcy, and credit risk models This Fourth Edition of the most authoritative …

This paper studies P2P lending and the factors explaining loan default. This is an important
issue because in P2P lending individual investors bear the credit risk, instead of financial …

A long‐standing debate has focused on the extent to which different levels of analysis shape
firm performance. The strategic group level has been largely excluded from this inquiry …

Structural models of default calibrated to historical default rates, recovery rates, and Sharpe
ratios typically generate Baa–Aaa credit spreads that are significantly below historical …

This study empirically investigates and explores the relationship between firms' environment
consciousness and banks lending decision. We consider all US firms' in the Kinder …

We study the effect of financial constraints on risk and expected returns by extending the
investment‐based asset pricing framework to incorporate retained earnings, debt, costly …

The worldwide credit crunch, which started in 2006 with sub-prime mortgages in the United
States, has highlighted the fundamental importance of the credit decision. As the problems …

There are very few studies concerning the recovery rate of bank loans. Prediction models of
recovery rates are increasing in importance because of the Basel II-framework, the impact …

Portfolio risk forecasting has been and continues to be an active research field for both
academics and practitioners. Almost all institutional investment management firms use …

Purpose In 2018, the International Financial Reporting Standard 9-Financial Instruments
became mandatory, effectively changing the underlying accounting principles of financial …