The Effect of Taxes on the Pricing of Defaultable Debt
Empirical studies have documented the dependence of corporate credit spreads on default risk, equity premiums, and taxes. However, taxes have previously not been incorporated into reduced-form credit risk models. Therefore, we first extend the existing literature by considering a default intensity t...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2003
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4575 https://ink.library.smu.edu.sg/context/lkcsb_research/article/5574/viewcontent/The_Effect_of_Taxes_on_the_Pricing_of_Defaultable_Debt.pdf |
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| Institution: | Singapore Management University |
| Language: | English |