Default Databases and Incomplete Information
نویسندگان
چکیده
منابع مشابه
Correlated default with incomplete information
The recent accounting scandals at Enron, WorldCom, and Tyco were related to the misrepresentation of liabilities. We provide a structural model of correlated multi-firm default, in which public bond investors are uncertain about the liability-dependent barrier at which individual firms default. Investors form prior beliefs on the barriers, which they update with the default status information o...
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ژورنال
عنوان ژورنال: The Computer Journal
سال: 1991
ISSN: 0010-4620,1460-2067
DOI: 10.1093/comjnl/34.3.239