tailieunhanh - The Blood That Bonds Christopher Buecheler

We identify and estimate the sources of risk that cause corporate bonds to earn an excess return over default-free bonds. In particular, we estimate the risk premium associated with a default event. Default is modelled using a jump process with stochastic intensity. For a large set of firms, we model the default intensity of each firm as a function of common and firm-specific factors. In the model, corporate bond excess returns can be due to risk premia on factors driving the intensities and due to a risk premium on the default jump risk. The model is estimated using data on corporate bond prices for 104 US firms. | The Blood That Bonds Christopher Buecheler The Blood That Bonds is 2009 2010 2011 2012 Christopher Buecheler The Blood That Bonds eBook by Christopher Buecheler is licensed under a Creative Commons Attribution - Noncommercial - No Derivative Works United States License. Permissions beyond the scope of this license may be available please visit for contact information. First Edition eBook October 2009 Second Edition Print February 2011 First Edition Cover Art by Garry Brown Second Edition Cover Art by Adrian Dadich The Blood That Bonds is a work of fiction. Names places and incidents either are a product of the author s imagination or are used fictitiously. License Notes Thank you for downloading this free ebook. As a free ebook you are welcome to share it with your friends. This book may be reproduced copied and distributed for non-commercial purposes provided the book remains in its complete original form. Dedication Pour ma belle épouse .

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