Bonfim, Diana; Dias, Daniel A.; Richmond, Christine - In: Journal of Banking & Finance 36 (2012) 7, pp. 2007-2025
access to credit after default. Using a unique dataset from Portugal, we observe that half of the corporate default episodes … last 5 quarters. Most firms continue to have access to credit immediately after resolving default, though only a minority … has access to new loans. Firms have more difficulties in regaining access to credit if they are small, if their default …