Reporting bias in incomplete information model

Company financial reports are likely to be systematically biased. In this paper, we extend the Duffie and Lando (2001) model with a skewness correction which can account for both random and directional components of reporting noise.

MoreLess

Year of publication:	2014
Authors:	Peat, Maurice ; Svec, Jiri ; Wang, Jue
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 123.2014, 1, p. 45-49
Publisher:	Elsevier
Subject:	Credit risk \| Incomplete information \| Reporting bias \| Skew normal

More details

Type of publication:	Article
Classification:	G13 - Contingent Pricing; Futures Pricing ; G33 - Bankruptcy; Liquidation ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010743743