Variables that in theory determine credit spreads have limited explanatory power in existing
empirical work on corporate bond data. We investigate the linear relationship between …

We develop a structural bond valuation model to simultaneously capture liquidity and credit
risk. Our model implies that renegotiation in financial distress is influenced by the illiquidity of …

Objective To accurately measure the incidence of gastric cancer among patients with gastric
precancerous lesions, and to quantify the excess incidence in comparison with people with …

A difficulty that arises when implementing structural bond pricing models is the estimation of
the value and risk of the firm's assets, neither of which is directly observable. We perform a …

The submandibular glands of male rats were exposed to 50 Gy X-irradiation as a single
dose, with or without pre-treatment with either alpha-adrenergic agonists (noradrenaline, …

Robin, in the middle of the 19th century (quoted by Hancox31) was the first to describe most
of the essential attributes of multinucleated giant cells in bonc, and to distinguish them from …

Liver microsomes, isolated from rats which had been treated with phenobarbital in vivo, were
found to exhibit increased activities of oxidative demethylation and TPNH-cytochrome c …

Assessments of the trade-off theory have typically compared the present value of tax benefits
to the present value of bankruptcy costs. We verify that this comparison overwhelmingly …

During the years 1958–1988, 808 522 individuals were registered in the Swedish national
population-based cancer register with a total of 933 900 primary malignant tumors. Roughly …

Most extant structural credit risk models underestimate credit spreads—a shortcoming known
as the credit spread puzzle. We consider a model with priced stochastic asset risk that is …