Please use this identifier to cite or link to this item:
https://ptsldigital.ukm.my/jspui/handle/123456789/464423| Title: | Dollar value of default risk, time to maturity, and firm size: a comparison of investment grade bonds and junk bonds |
| Authors: | C. Chu, Quentin Lin, Yun-Yung |
| Conference Name: | Eleventh Annual PACAP/FMA Finance Conference |
| Keywords: | Bonds Dollar value of default risk (DVDR) Investment |
| Conference Date: | 1999-07-08 |
| Conference Location: | Pan Pacific Hotel, Singapore |
| Abstract: | This paper investigates the differential effects of time to maturity and firm size on the default risk between the investment grade bonds and junk bonds. The dollar value of default risk (DVDR) is defined as the price difference between a risky corporate bond and a corresponding pseudo-default-free bond The differential effects of time to maturity and firm size on DVDR show in the A-BBB rated bonds and BBB-BB rated bonds group. As the bonds move from investment grade to junk bond category, the differential effects are large than those within investment grade bonds. |
| Pages: | 25 |
| Call Number: | HG4026.A536 1999 sem |
| Publisher: | Nanyang Business School, Nanyang Technological University |
| Appears in Collections: | Seminar Papers/ Proceedings / Kertas Kerja Seminar/ Prosiding |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.