This paper discusses proposals for handling bank failures in a manner that is: rapid enough
to allow the business to continue, respects the ranking of claims, makes none of the parties …

This article is an attempt to analyse the important determinants of capital structure in Indian
manufacturing industries in the last decade. Over the past several years, financial …

We design and implement a dynamic program for valuing corporate securities, seen as
derivatives on a firm's assets, and computing the term structure of yield spreads and default …

В статье представлена авторская классификация издержек несостоятельности, оценки
которых необходимы менеджменту компании при принятии решений о структуре …

This study formulates the deposit insurance valuation problem as a zero-sum optimal
stopping game using Israeli option with bankruptcy cost. Specifically, closure of a bank is …

This study examines the valuation problem in deposit insurance as a game option between
the deposit insurer and the insured bank with asymmetric bankruptcy costs. The asset-to …

Résumé Le modèle structurel de MERTON 1974 posait des problèmes d'estimation car la
valeur des actifs de la firme est non observable. Plusieurs méthodes d'estimation ont été …

This article proposes a methodological framework to construct an early warning system for
the Banking sector. It employs an options-based methodology to estimate default risk for six …

The purpose of the article is to construct a new classification of costs of insolvency,
estimations of which are needed for management to choose optimal capital structure. To …

La prévision de faillite corporative est un problème très important pour les différents
créanciers, dont les institutions financières. Entre autres, ceux-ci cherchent à minimiser le …