{"id":"W2907992483","doi":"10.2139/ssrn.2893672","title":"The Impact of Debt Covenant Violation on Credit Default Swap Spreads","year":2017,"lang":"en","type":"article","venue":"SSRN Electronic Journal","topic":"Banking stability, regulation, efficiency","field":"Economics, Econometrics and Finance","cited_by":1,"is_retracted":false,"has_abstract":false,"ca_institutions":"University of Waterloo","funders":"","keywords":"Credit default swap; Business; Creditor; Monetary economics; Debt; Swap (finance); Financial system; Covenant; Credit derivative; Credit default swap index; Credit risk; Economics; Finance; Credit valuation adjustment; Credit history","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"metacan-v3-hybrid-931329e0061c","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.003706933,0.000265754,0.0005850788,0.0008625059,0.0007186342,0.003896147,0.0007472065,0.002477048,0.01207141],"category_scores_gemma":[0.03824237,0.0003333255,0.0007902273,0.00112581,0.001067695,0.002123696,0.001451922,0.004864688,0.001223613],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0009712332,"about_ca_system_score_gemma":0.00113734,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.01025977,"about_ca_topic_score_gemma":0.008367577,"domain_scores_codex":[0.9983558,0.000564946,0.0001349114,0.0002243889,0.0001957273,0.0005240761],"domain_scores_gemma":[0.9426234,0.03666975,0.01235491,0.0018265,0.00252662,0.003998865],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"observational","study_design_gemma":"observational","study_design_scores_codex":[0.007006731,0.00141819,0.920596,0.0001068109,0.000602597,0.001755748,0.0004475205,0.03143597,0.003245986,0.008752882,0.004103323,0.02052829],"study_design_scores_gemma":[0.0002100977,0.001339743,0.9471005,0.00004564512,0.0006217705,0.0005238289,0.001615363,0.03683543,0.002281101,0.00805972,0.001287793,0.0000790653],"study_design_candidate":"observational","study_design_consensus":"observational","genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9954847,0.0003216272,0.0002248832,0.0008570919,0.00002307818,0.000005556821,0.0004817865,0.00002130084,0.00257999],"genre_scores_gemma":[0.9990162,0.00006889224,0.00002101341,0.00004223799,0.00001684305,0.000001452098,0.0002094695,0.000004248679,0.0006197047],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.01207141,"threshold_uncertainty_score":0.04038286,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.01542649013232626,"score_gpt":0.2640727222689409,"score_spread":0.2486462321366147,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}