Assessing Default Risks for Chinese Firms : A Lost Cause?

A Lost Cause?

Assessing Default Risks for Chinese Firms : A Lost Cause?
Assessing default risks for Chinese firms is hard. Standard measures of risk using market indicators may be unreliable because of implicit guarantees, the large role played by less-informed investors, and other market imperfections. We test this assertion by estimating stand-alone 1-year default probabilities for non-financial firms in China... READ MORE...

Publication date: June 2015
ISBN 9781513597584
$18.00

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