Keywords: Frailty
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Journal Articles
Journal of Accounting Literature (2023) 45 (1): 190–205.
Published: 14 December 2022
... program is used to generate a citation map of the literature. Findings The results show that reduced-form correlated default risk models are developing towards modelling credit risk with both observable and unobservable variables. The frailty correlated default model at the firm level is still...

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