Cho, Hoon; Ciochetti, Brian; Shilling, James - In: The Journal of Real Estate Finance and Economics 46 (2013) 1, pp. 1-23
We study whether tax considerations are an important determinant of commercial mortgage default. We also study whether … have more information on larger borrowers than smaller borrowers, we find that larger loans have, on average, lower default … rates than smaller loans. Fourth, the findings suggest that lower default rates are associated with higher debt service …