Since 2014
Panda bonds: opportunity or threat for Europe?
Journal Transition Studies Review
View Archive Info| Field | Value | |
| Title |
Panda bonds: opportunity or threat for Europe?
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| Creator |
Stucchi, Patrizia
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| Subject |
International Financial Markets, Bankruptcy
Capital structure, Credit risk, Bond markets, Chinese internationalization G15, G33 |
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| Description |
We analyse the effect of panda bonds on indebted firms default probability. The theoretical default probability as a function of debt is evaluated in the Black, Scholes (1973) and Merton (1974) framework for various set of parameters values. We consider as benchmark the prevailing default rates for speculative-grade corporate companies based on the last reports by S&P (2019) and Moody’s (2018).
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| Publisher |
Journal Transition Studies Review
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| Contributor |
—
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| Date |
2019-12-14
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://transitionacademiapress.org/jtsr/article/view/263
10.14665/1614-4007-26-2-006 |
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| Source |
Journal Transition Studies Review; Vol 27, No 1 (2020); 95-101
1614-4015 1614-4007 |
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| Language |
eng
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| Relation |
http://transitionacademiapress.org/jtsr/article/view/263/194
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| Coverage |
world
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| Rights |
Copyright (c) 2019 Journal Transition Studies Review
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