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Principles of smooth and continuous fit in the determination of endogenous bankruptcy levels

Author

Listed:
  • A. Kyprianou
  • B. Surya
Abstract
No abstract is available for this item.

Suggested Citation

  • A. Kyprianou & B. Surya, 2007. "Principles of smooth and continuous fit in the determination of endogenous bankruptcy levels," Finance and Stochastics, Springer, vol. 11(1), pages 131-152, January.
    • Handle: RePEc:spr:finsto:v:11:y:2007:i:1:p:131-152
    DOI: 10.1007/s00780-006-0028-y
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    References listed on IDEAS

    as
    1. Leland, Hayne E & Toft, Klaus Bjerre, 1996. "Optimal Capital Structure, Endogenous Bankruptcy, and the Term Structure of Credit Spreads," Journal of Finance, American Finance Association, vol. 51(3), pages 987-1019, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Credit risk; Endogenous bankruptcy; Scale functions; Fluctuation identity; Continuous and smooth pasting principles; Wiener–Hopf factorization; C61; 91B28; 91B99; 91B72;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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