1.

Record Nr.

UNINA9910464832603321

Autore

Chan-Lau Jorge A

Titolo

Is systematic default risk priced in equity returns? [[electronic resource] ] : a cross-sectional analysis using credit derivatives prices / / Jorge A. Chan-Lau

Pubbl/distr/stampa

[Washington, D.C.], : International Monetary Fund, Monetary and Financial Systems Dept., c2006

ISBN

1-4623-7402-6

1-4527-5317-2

1-282-39213-1

9786613820563

1-4527-0254-3

Descrizione fisica

1 online resource (18 p.)

Collana

IMF working paper ; ; WP/06/148

Soggetti

Corporations - Valuation - Econometric models

Credit derivatives - Prices - Econometric models

Default (Finance) - Econometric models

Risk - Econometric models

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"June 2006."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. EQUITY RETURNS AND SYSTEMATIC DEFAULT RISK""; ""III. EXTRACTING SYSTEMATIC DEFAULT RISK MEASURES FROM CREDIT DERIVATIVES PRICES""; ""IV. IS SYSTEMATIC DEFAULT RISK PRICED IN EQUITY RETURNS?""; ""V. CONCLUSIONS""; ""REFERENCES""