Sökning: "Kuang He"

Hittade 2 uppsatser innehållade orden Kuang He.

  1. 1. Expected Default Measures in the KMV model and the Market-based model

    Master-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Kuang He; [2012]
    Nyckelord :Default risk; Distance-to-default; KMV model; Market based Model; Capital Asset Pricing Model CAPM ; Leverage ratio; Equity volatility; Business and Economics;

    Sammanfattning : Two credit risk models are applied to calculate the expected distance to default in a sample of 32 Chinese listed non-financial companies from 2006 to 2011.One is the KMV(Merton) model under the machinery of option pricing and other is the market based model relied on a conditional version of capital asset pricing model(CAPM). LÄS MER

  3. 2. The Effect of Firm-Specific Variables and Macroeconomic Condition on Capital Structure-Evidence of Non-Linear Behaviors

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Mei-Ti You; Kuang He; [2011]
    Nyckelord :Capital structure; Non-linear behaviors; Business cycles; Management of enterprises; Företagsledning; management; Business and Economics;

    Sammanfattning : This paper models the dynamics of capital structure listed on the NYSE and NASDAQ during 1995 to 2010. The subsamples classified by given leverage level and specified periods of time are tested. The main contribution is that macroeconomic conditions and firm characteristics are incorporated regressed for non-linearity test. LÄS MER