The cure of a defaulted company has important implications for the estimation of the loss given default. In this study, we estimate the probability of a defaulted company being cured using data on a large international sample of defaulted companies. More specifically, we examine whether historic accounting information on a defaulted company and loan-related information are associated with that company's probability of being cured. The main finding of our analysis is that both accounting-based and loan-related independent variables increase the validity of cure prediction models.

中文翻译：

---

使用基于会计和贷款相关的信息来估计违约公司的治愈概率

违约公司的补救对估计违约损失具有重要意义。在这项研究中，我们使用大量国际违约公司样本的数据来估计违约公司被治愈的可能性。更具体地说，我们检查了违约公司的历史会计信息和贷款相关信息是否与该公司被治愈的可能性相关联。我们分析的主要发现是，基于会计和贷款相关的自变量都提高了治愈预测模型的有效性。