The Research On Applicability Of Amended KMV Model With Different Industries

Authors

  • Yang Yang University of Electronic Science and Technology of China
  • Li Li University of Electronic Science and Technology of China
  • Zongfang Zhou University of Electronic Science and Technology of China
  • Wenying Fei NaiKai University

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.

Downloads

Download data is not yet available.

Downloads

Published

2021-10-15

How to Cite

Yang Yang, Li Li, Zongfang Zhou, & Wenying Fei. (2021). The Research On Applicability Of Amended KMV Model With Different Industries. Journal of Risk Analysis and Crisis Response, 3(1). Retrieved from https://jracr.com/index.php/jracr/article/view/69

Issue

Vol. 3 No. 1 (2013)

Section

Article