Volume 3, Issue 1, May 2013, Pages 27 - 33
The Research on Applicability of Amended KMV Model with Different Industries
Yang Yang, Li Li, Zongfang Zhou, Wenying Fei
Available Online 1 May 2013.
- https://doi.org/10.2991/jrarc.2013.3.1.4How to use a DOI?
- KMV model; Default point; Different industries; Credit data
- The determination of the default point is the key to applying the KMV model. In the traditional research, the default point is equal to the sum of short term debt and half of the long term debt empirically based on the credit data of American companies. But whether it is fit for the Chinese companies and whether it is sensitive to industries depend on further research. This paper amends the parameters of default point. Further the paper also analyzes the applicability of amended KMV model in different industries based on the data of Chinese listed companies.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - JOUR AU - Yang Yang AU - Li Li AU - Zongfang Zhou AU - Wenying Fei PY - 2013 DA - 2013/05 TI - The Research on Applicability of Amended KMV Model with Different Industries JO - Journal of Risk Analysis and Crisis Response SP - 27 EP - 33 VL - 3 IS - 1 SN - 2210-8505 UR - https://doi.org/10.2991/jrarc.2013.3.1.4 DO - https://doi.org/10.2991/jrarc.2013.3.1.4 ID - Yang2013 ER -