TY  - BOOK
AU  - González-Aguado Carlos
AU  - Moral-Benito Enrique
TI  - Determinants of corporate default: A BMA approach
SN  - 13504851
AV  - HB1.A666 APP 
PY  - 2013///
CY  - New York
PB  - Taylor & Francis
KW  - Bayesian model averaging
KW  - Corporate default
KW  - Panel data
N2  - In this article, we aim to identify the main determinants of corporate default by considering Bayesian Model Averaging (BMA) techniques. Our empirical findings suggest that the most robust determinants of firm default are firm-specific variables such as the ratio of working capital to total assets and the SD of the firm stock return. In contrast, aggregate variables do not seem to play a relevant role once firm-specific characteristics (observable and unobservable) and model uncertainty are taken into consideration
UR  - https://doi.org/10.1080/13504851.2012.718051
ER  -