The informational content of subordinated debt and equity prices in the presence of bankruptcy costs
Article Abstract:
A model valuing subordinated debts by including the bankruptcy costs associated therewith is presented. It is observed that the information from the subordinated debt prices is complimentary to the information from the equity prices when bankruptcy costs are taken into account.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2005
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Bad news and Dow Jones make the Spanish stocks go round
Article Abstract:
The adverse effects of bad news and the stock prices on Dow Jones stock market on the Spanish stock market are discussed and analyzed. The resultant volatility and volumes are discussed.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2005
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Market discipline of subordinated debt in banking: the case of costly bankruptcy
Article Abstract:
A model for valuing the contingent-claims in the case of subordinated debts, duly integrating the costs of bankruptcy therein is presented. The model is useful for banking industry.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2005
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