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  • Search: subject:"default and liquidation risk"
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Firm valuation 1 Monte Carlo simulation 1 Parisian options 1 bankruptcy procedures 1 default and liquidation risk 1
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BACCAR, SÉLIMA 1 CLARK, EPHRAIM 1
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Annals of Financial Economics (AFE) 1
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PRICING DEFAULT RISK WITH PARISIAN OPTIONS: EMPIRICAL EVIDENCE FROM HIGH GROWTH COMPANIES
CLARK, EPHRAIM; BACCAR, SÉLIMA - In: Annals of Financial Economics (AFE) 05 (2009) 01, pp. 0950001-1
In the stock market crash of 2000 many internet firms that were ostensibly bankrupt were able to stave off bankruptcy by seeking protection under Chapter 11 or avoid it completely through refinancing or merging with another company. The implication is that these firms had a de facto option to...
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