An iterated Merton-KMV based approach of default risk prediction
Default risk is a risk that firms have to bear whenever they failed to meet their debt obligation as the debt matured. Providing an assessment to predict default risk is one of the ways to mitigate the risk. However, default risk tends to be overestimated or underestimated if the asset values are no...
| Published in: | AIP Conference Proceedings |
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| Main Author: | |
| Format: | Conference paper |
| Language: | English |
| Published: |
American Institute of Physics Inc.
2018
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| Online Access: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85054573974&doi=10.1063%2f1.5054220&partnerID=40&md5=9a91f78862b9d5017156b50955cd4325 |