| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5085092 | International Review of Financial Analysis | 2013 | 14 Pages |
Abstract
⺠The paper presents valuation models for equity and debt under credit risk. ⺠Models abide by the value conservation principle despite credit risk. ⺠Credit spreads are linked to equity valuation and financial statements. ⺠Model calibration to equity and credit market prices is feasible. ⺠Model shows how credit risk depresses price/earnings and price/book ratios.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Marco Realdon,