An empirical investigation of a structural credit risk model

• Main Authors: Koo, Wai Ming., Lee, Teck Kiang., Sim, Carolyn Boon Kheng.
• Other Authors: Khoo, Guan Seng
• Format: Theses and Dissertations
• Published: 2008
• Subjects: DRNTU::Engineering::Mechanical engineering::Mechanics and dynamics
• Online Access: http://hdl.handle.net/10356/5889
• Institution: Nanyang Technological University

Default probabilities are important to the credit markets. Changes in default probabilities of a borrowing firm may predict the occurrence of financial distress or default in the firm. Knowing a firm's default likelihood is important to financial lenders as it allows them to estimate their resu...