Is KMV Model Suited to Estimate the Credit Risk of Listed Companies in Taiwan?
碩士 === 中原大學 === 國際貿易研究所 === 95 === Duan, Gauthier, and Simonato (2004) demonstrate that, in the framework of the option pricing model of Merton (1974), the KMV estimates are identical to maximum likelihood estimates proposed by Duan (1994, 2000). Therefore, this paper utilizes the model of KMV and D...
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| Format: | Others |
| Language: | zh-TW |
| Online Access: | http://ndltd.ncl.edu.tw/handle/12178657623876508201 |