Group affiliation and default prediction

Group affiliation and default prediction

Using a large sample of business groups frommore than 100 countries around the world, we showthat group informationmatters for parent and subsidiary default prediction. Group firms may support each other when in financial distress. Potential group support represents an off-balance sheet asset for th...

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Bibliographic Details
Main Authors: Beaver, W.H (Author), Cascino, S. (Author), Correia, M. (Author), McNichols, M.F (Author)
Format: Article
Language:English
Published: INFORMS Inst.for Operations Res.and the Management Sciences 2019
Subjects:
Business groups
Consolidation
Credit ratings
Credit spread
Credit spreads
Default prediction
Finance
Financial distress
Financial reporting
Financial reporting transparency
Financial statements
Forecasting
Off-balance sheets
Predictive power
Transparency
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