Faculty News

Professor Edward Altman underscores the importance of governance factors on the accuracy of default risk models

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Excerpt from Expert Investor -- "Edward Altman, a professor of finance at the Stern School of Business in New York, whose work contributed to Klein’s research, pointed to the importance of governance factors. 'The accuracy of our default risk models improves by about 20 to 25% when we add both governance and macro factors to the financial data of our credit models for small and medium sized firms,' he said."

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