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Implications of Default Information Leakage on Recoveries

Mao-Wei Hung and Wen-Hsin Tsai
The Journal of Fixed Income Winter 2020, jfi.2019.1.075; DOI: https://doi.org/10.3905/jfi.2019.1.075
Mao-Wei Hung
is at the Department of International Business, National Taiwan University, Taipei, Taiwan
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Wen-Hsin Tsai
is with the Department of International Business, National Taiwan University, Taipei, Taiwan
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The Journal of Fixed Income: 31 (4)
The Journal of Fixed Income
Vol. 31, Issue 4
Spring 2022
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Implications of Default Information Leakage on Recoveries
Mao-Wei Hung, Wen-Hsin Tsai
The Journal of Fixed Income Oct 2019, jfi.2019.1.075; DOI: 10.3905/jfi.2019.1.075

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Implications of Default Information Leakage on Recoveries
Mao-Wei Hung, Wen-Hsin Tsai
The Journal of Fixed Income Oct 2019, jfi.2019.1.075; DOI: 10.3905/jfi.2019.1.075
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  • Article
    • Abstract
    • DATA AND VARIABLE DEFINITION
    • IMPLICIT RECOVERY RATES AND ENDOGENOUS DEFAULT DATE
    • ESTIMATION RESULTS
    • DETERMINANTS ON THE LEVEL OF RECOVERY RATES
    • DETERMINANTS ON THE CHANGES IN RECOVERIES
    • CONCLUSION
    • ADDITIONAL READING
    • ENDNOTES
    • REFERENCES
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