Samuel Baixauli, J.; Alvarez, Susana; Módica, Antonina - In: International Journal of Managerial Finance 8 (2012) 1, pp. 73-95
Purpose – The purpose of this paper is to, first, analyse to what extent the default probability based on structural models provides additional information and that accounting ratios do not contemplate. Second, to design hybrid models by including the default probability from structural models...
