Hae
Aineistot 1-1 / 1
Structural approach for credit risk modeling: An empirical analysis on European corporate bond prices
(Turun yliopisto, 2017-10-11)
In this thesis the structural approach for credit risk modeling as pioneered by Merton (1974) is studied. Structural models are appealing from the theoretical point of view as they link the valuation of debt to the economic ...