Mixture cure models were originally proposed in medical statistics to model long-term
survival of cancer patients in terms of two distinct subpopulations–those that are cured of the …

I develop a new predictive approach using Bayesian model averaging to account for
incomplete knowledge of the true model behind corporate default and bankruptcy filing. I …

The banks' need of quantitative approaches for credit risk assessment is becoming more
and more evident, due to the introduction of the Basel agreements. To this extent, we define …

This paper evaluates the resurrection event regarding defaulted firms and incorporates
observable cure events in the default prediction of SME. Due to the additional cure-related …

This paper proposes a general model that combines the Mixture Hazard Model with the
Stochastic Frontier Model for the purposes of investigating the main determinants of the …

1. Introduction orporate governance has received considerable attention in recent years.
Regulatory reforms in response to Enron-like governance failures concentrate heavily on …

In the first chapter, we focus on explaining the US commercial banking failures during the
recent financial crisis. We employ the semi-parametric mixture hazard model (MHM) with …