The Research on Applicability of Amended KMV Model with Different Industries

The Research on Applicability of Amended KMV Model with Different Industries

The determination of the default point is the key to applying the KMV model. In the traditional research, the default point is equal to the sum of short term debt and half of the long term debt empirically based on the credit data of American companies. But whether it is fit for the Chinese companie...

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Bibliographic Details
Main Authors: Yang Yang, Li Li, Zongfang Zhou, Wenying Fei
Format: Article
Language:English
Published: Atlantis Press 2013-05-01
Series:Journal of Risk Analysis and Crisis Response (JRACR)
Subjects:
KMV model; Default point; Different industries; Credit data
Online Access:https://www.atlantis-press.com/article/6653.pdf
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spelling doaj-8744f0a998d84ede9022120e5aeaf5bd2020-11-25T00:52:38ZengAtlantis PressJournal of Risk Analysis and Crisis Response (JRACR)2210-85052013-05-013110.2991/jrarc.2013.3.1.4The Research on Applicability of Amended KMV Model with Different IndustriesYang YangLi LiZongfang ZhouWenying FeiThe determination of the default point is the key to applying the KMV model. In the traditional research, the default point is equal to the sum of short term debt and half of the long term debt empirically based on the credit data of American companies. But whether it is fit for the Chinese companies and whether it is sensitive to industries depend on further research. This paper amends the parameters of default point. Further the paper also analyzes the applicability of amended KMV model in different industries based on the data of Chinese listed companies.https://www.atlantis-press.com/article/6653.pdfKMV model; Default point; Different industries; Credit data
collection DOAJ
language English
format Article
sources DOAJ
author Yang Yang
Li Li
Zongfang Zhou
Wenying Fei
spellingShingle Yang Yang
Li Li
Zongfang Zhou
Wenying Fei
The Research on Applicability of Amended KMV Model with Different Industries
Journal of Risk Analysis and Crisis Response (JRACR)
KMV model; Default point; Different industries; Credit data
author_facet Yang Yang
Li Li
Zongfang Zhou
Wenying Fei
author_sort Yang Yang
title The Research on Applicability of Amended KMV Model with Different Industries
title_short The Research on Applicability of Amended KMV Model with Different Industries
title_full The Research on Applicability of Amended KMV Model with Different Industries
title_fullStr The Research on Applicability of Amended KMV Model with Different Industries
title_full_unstemmed The Research on Applicability of Amended KMV Model with Different Industries
title_sort research on applicability of amended kmv model with different industries
publisher Atlantis Press
series Journal of Risk Analysis and Crisis Response (JRACR)
issn 2210-8505
publishDate 2013-05-01
description The determination of the default point is the key to applying the KMV model. In the traditional research, the default point is equal to the sum of short term debt and half of the long term debt empirically based on the credit data of American companies. But whether it is fit for the Chinese companies and whether it is sensitive to industries depend on further research. This paper amends the parameters of default point. Further the paper also analyzes the applicability of amended KMV model in different industries based on the data of Chinese listed companies.
topic KMV model; Default point; Different industries; Credit data
url https://www.atlantis-press.com/article/6653.pdf
work_keys_str_mv AT yangyang theresearchonapplicabilityofamendedkmvmodelwithdifferentindustries
AT lili theresearchonapplicabilityofamendedkmvmodelwithdifferentindustries
AT zongfangzhou theresearchonapplicabilityofamendedkmvmodelwithdifferentindustries
AT wenyingfei theresearchonapplicabilityofamendedkmvmodelwithdifferentindustries
AT yangyang researchonapplicabilityofamendedkmvmodelwithdifferentindustries
AT lili researchonapplicabilityofamendedkmvmodelwithdifferentindustries
AT zongfangzhou researchonapplicabilityofamendedkmvmodelwithdifferentindustries
AT wenyingfei researchonapplicabilityofamendedkmvmodelwithdifferentindustries
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