Firm dynamics and bankruptcy processes: A new theoretical model

This paper introduces a theoretical model that relates firm dynamics to bankruptcy processes on both univariate and multivariate bases. The distinctiveness of the study lies in the estimation of default using a framework where firm dynamics are linked to the bankruptcy process itself. The structure...

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Veröffentlicht in:	Journal of forecasting 2022-04, Vol.41 (3), p.567-591
Hauptverfasser:	Çelik, Şaban, Aktan, Bora, Burton, Bruce
Format:	Artikel
Sprache:	eng
Schlagworte:	Bankruptcy Classification default prediction Distinctiveness financial distress firm default Multivariate analysis
Online-Zugang:	Volltext
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