Results 11 to 20 of about 15,112 (311)
Valuation of Defaultable Bonds and Debt Restructuring [PDF]
SSRN Electronic Journal, 2002 In this paper we develop a contingent valuation model for zero-coupon bonds with default. In order to emphasize the role of maturity time and place of the lender’s claim in the hierarchy of debt of a firm, we consider a firm that issues two bonds with different maturities and different seniorage.
Ariadna Dumitrescu
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Public Debt Sustainability and Defaults. [PDF]
SSRN Electronic Journal, 2017 We offer a new methodology for the assessment of public debt sustainability in a stochastic economy when sovereign default taken into account. The default threshold differs from the no-Ponzi condition and depends on the post-default debt recovery rule.
Guillard, Michel, Kempf, Hubert
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Inflation, Debt, and Default [PDF]
Working paper (Federal Reserve Bank of Cleveland), 2018 We study how the co-movement of inflation and economic activity affects real interest rates and the likelihood of debt crises. First, we show that for advanced economies, periods with procyclical inflation are associated with lower real interest rates. Procyclical inflation implies that nominal bonds pay out more in bad times, making them a good hedge ...
Sewon Hur +2 more
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Dynamics of Investment, Debt, and Default [PDF]
SSRN Electronic Journal, 2013 How does physical capital accumulation affect the decision to default in developing small open economies? We find that, conditional on a level of foreign indebtedness, more capital improves the sovereign’s ability to meet its obligations, reducing the likelihood of default and the risk premium.
Grey Gordon, Pablo Guerrón-Quintana
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THE DETERMINANTS OF HOUSEHOLD DEBT DEFAULT [PDF]
Revista de análisis económico, 2012 In this paper, we study household debt default behavior in Chile using survey data. Previous research in this area suggests financial and personal variables help estimate individual and group probabilities of default. We study mortgage and consumer default separately, as the default decisions and overall borrower behavior are different for each type of
Rodrigo Alfaro, Natalia Gallardo
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Adverse selection, loan access and default behavior in the Chilean consumer debt market
Financial Innovation, 2023 Highlights Chilean borrowers present heterogeneous adverse selection across lender types. No Debt Access decreases with income, age, education, but it increases with risk.
Carlos Madeira
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DeReMa (Development Research of Management): Jurnal Manajemen, 2020 The purpose of this research is to analyze the influence of financial ratios (Return on Equity, Current Ratio, Debt to Equity Ratio, Total Assets Turnover) in predicting the probability of default. The samples in this study were 22 companies.
Dessy Malasari +3 more
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Debt Default and Democracy [PDF]
, 2018 The original essays in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences.
Eusepi, Giuseppe, Wagner, Richard E.
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The Research on Applicability of Amended KMV Model with Different Industries [PDF]
Journal of Risk Analysis and Crisis Response (JRACR), 2013 The determination of the default point is the key to applying the KMV model. In the traditional research, the default point is equal to the sum of short term debt and half of the long term debt empirically based on the credit data of American companies ...
Yang Yang +3 more
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The Indonesian Journal of Accounting Research, 2022 A going concern audit opinion is a modified assumption given by the auditor for a company that represents material doubts or uncertainties about its ability to continue operations.
Annisa Nurbaiti, Siska Ditya Mei Yanti
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