The Default risk of North American infrastructure companies: A sectoral approach from 2006 to 2018

December 15, 2020    0 comment


Proceedings of ‏The 3rd International Conference on Business, Management and Economics

Year: 2020

DOI:

Fulltext PDF 

The Default risk of North American infrastructure companies: A sectoral approach from 2006 to 2018

Vanderson Aparecido Delapedra da Silva , Herbert Kimura

 

ABSTRACT: 

This paper investigated the probability of default of infrastructure companies from a sectoral perspective during the period from 2006 to 2018. For this it was used a logistic regression with binary dependent variable and explanatory variables of reduced risk models of default, besides dummy variables representing the sectors and a variable of the KMV-Merton model, Distance to Default, as predictor variables to evaluate a universe of 1,520North American companies from 6 different sectors of infrastructure. The results show that oil and gas companies have a lower sensitivity to the variable Distance to Default than companies from other sectors, when this variable is used to explain the default probability of these companies.

Keywords: : Sectoral Risk, Distance to Default, Infrastructure.

Vanderson Aparecido Delapedra da Silva

Vanderson Aparecido Delapedra da Silva

University of Brasília –UnB, Brasília –DF, Brazil

Template 1

Herbert Kimura

University of Brasília –UnB, Brasília –DF, Brazil

Leave a reply

This Site Uses Cookies

We and our advertising partners use cookies on this site and around the web to improve your website experience and provide you with personalized advertising from this site and other advertisers. By clicking “Allow” or navigating this site, you accept the placement and use of these cookies for these purposes.

Subscribe to Conference newsletter!

email

Sign up in the newsletter form below to receive the latest news and updates about this Conference