Hwang, Ruey-Ching - In: International Journal of Forecasting 28 (2012) 3, pp. 675-688
proposed. The new model is constructed by replacing the constant coefficients of firm-specific predictors in the discrete-time … hazard model (DHM; see Shumway, 2001; and Chava & Jarrow, 2004) with the smooth functions of macroeconomic variables. Thus …