Default risk analysis is important for valuing corporate bonds, swaps, and credit derivatives
and plays a critical role in managing the credit risk of bank loan portfolios. This paper offers a …

Our paper re-examines the profitability of relative strength or momentum trading strategies (buying
past strong performers and selling past weak performers). We find that standard …

Since Black and Scholes (1973) and Merton (1974), structural models of credit risk have
relied almost exclusively on diffusion processes to model the evolution of firm value. While a …

Evaluating default correlations or the probabilities of default by more than one firm is an
important task in credit analysis, derivatives pricing, and risk management. However, default …

We model the effects on banks of the introduction of a market for credit derivatives; in particular,
credit-default swaps. A bank can use such swaps to temporarily transfer credit risks of …

Candida albicans is a dimorphic commensal fungus that causes severe oral infections in
immunodeficient patients. Invasion of C. albicans hyphae into oral epithelium is an essential …

The dynamic pore structure of partially saturated cement-based material is rather essential
to quantify its mass transport and many other properties. To clarify the influence of water …

The intrinsic permeability of porous medium is theoretically independent of percolating fluids.
While concerning cementitious material, its water permeability is anomalously lower than …

As a broadly used transport property indicating the durability of cement-based materials (CBMs),
capillary sorptivity strongly depends on initial water content. Based on the underlying …

The macroscopic properties of carbon nanotubes (CNTs) modified reactive powder
concrete (RPC) composites are closely related to their pore structure characteristics, but the …