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Empirical tests of reduced form models of default attribute a large fraction of observed credit spreads to compensation for jump-to-default risk. However, these models preclude a “contagion-risk” channel, where the aggregate corporate bond index reacts adv ...
N,N-Dimethylaminodiboranate complexes with praseodymium, samarium, erbium, and uranium, which are potential chemical vapor deposition precursors for the deposition of metal boride and oxide thin films, have been investigated by DFT guided by field-ionizati ...
Valuation is a key topic in the financing and development of high growth companies. The goal of this study is to bridge the existing gap between the assessment of a company and the financial valuation. Many models exist to capture soft factors, and many mo ...
This paper develops a framework for analyzing the impact of macroeconomic conditions on credit risk and dynamic capital structure choice. We begin by observing that when cash flows depend on current economic conditions, there will be a benefit for firms to ...
Online reviews have become increasingly popular as a way to judge the quality of various products and services. However, recent work demonstrates that the absence of reporting incentives leads to a biased set of reviews that may not reflect the true qualit ...
Ranking systems such as those in product review sites and recommender systems usually use ratings to rank favorite items based on both their quality and popularity. Since higher ranked items are more likely selected and yield more revenues for their owners ...
Flexural and torsional rigidity are important properties of skis. However, the flexural and torsional rigidity that lead to optimal performance remain to be established. In the present study, four pairs of slalom skis that differed in flexural and torsiona ...
This research aims at developing a hybrid choice model (HCM) where a perceptional variable is measured by means of adjectives reported by individuals. Due to the qualitative nature of adjectives, the main challenges of the study involve their quantificatio ...
Ranking systems such as those in product comparison sites and recommender systems usually use ratings to rank favorite items based on both their quality and popularity. Since higher ranked items are more likely selected and yield more revenues for their ow ...
Structural models of default calibrated to historical default rates, recovery rates, and Sharpe ratios typically generate Baa-Aaa credit spreads that are significantly below historical values. However, this "credit spread puzzle" can be resolved if one acc ...