Journal of Risk Analysis and Crisis Response

Volume 3, Issue 1, May 2013, Pages 27 - 33

The Research on Applicability of Amended KMV Model with Different Industries

Authors
Yang Yang, Li Li, Zongfang Zhou, Wenying Fei
Corresponding Author
Yang Yang
Available Online 1 May 2013.
DOI
https://doi.org/10.2991/jrarc.2013.3.1.4How to use a DOI?
Keywords
KMV model; Default point; Different industries; Credit data
Abstract
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.

Download article (PDF)

Journal
Journal of Risk Analysis and Crisis Response
Volume-Issue
3 - 1
Pages
27 - 33
Publication Date
2013/05
ISSN (Online)
2210-8505
ISSN (Print)
2210-8491
DOI
https://doi.org/10.2991/jrarc.2013.3.1.4How to use a DOI?
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  -