Two-Step Esitmation of Linear Models with Ordinal Unoberved Variables: The Case of Corporate Bonds
This article proposes a two-step method for estimating the impact of bond indenture provisions and other financial variables on the risk and yields of investment-grade and speculative corporate bonds. In the first step, the default risk of bonds is estimated as a function of indenture provisions and...
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| Main Authors: | , |
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| 格式: | text |
| 語言: | English |
| 出版: |
Institutional Knowledge at Singapore Management University
1990
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| 主題: | |
| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/815 |
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