PhD defence: Mamdouh Medhat
This PhD dissertation consists of three chapters. The first presents an additive regression framework that allows the estimation and analysis of time-varying effects on default probabilities. The second studies the validity of an assumption in the Basel accords stating that the default probabilities of smaller firms are less cyclical. The third argues that firms' cash holdings can help rationalize the low returns to distressed equity.
Supervisor:
Professor David Lando
Department of Finance
Copenhagen Business School
Secondary supervisor:
Professor Søren Feodor Nielsen
Department of Finance
Copenhagen Business School
Assessment Committee:
Professor Lasse Heje Pedersen (Chair)
Department of Finance
Copenhagen Business School
Associate Professor Johan Hombert
Finance Department
HEC Paris
Economist Diana Bonfim
Economics and Research Department
Banco de Portugal
Thesis
The thesis is available here.
Reception
The Doctoral School of Economics and Management will host a reception, which will take place immediately after the defence in the FUHU Faculty Club (Solbjerg Plads 3, 3rd floor).