Taxes, Default Risk and Credit Spreads
Presents a general term structure model of defaultable bonds that assesses the potential effects of taxes. Effects of taxes on corporate bond spreads; Impact of tax omission on default rate estimation; Factor essential in evaluating firm performance and understanding whether investors are fully comp...
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Main Authors: | WU, Chunchi, Liu, Sheen |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2004
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Subjects: | |
Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/789 |
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Institution: | Singapore Management University |
Language: | English |
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