The cyclical effect of default risk on industrial bond yields

This paper examines the determinants of default-risk premiums and the ways in which they change over the business cycle. Seven default-risk factors are constructed from a large number of financial ratio/accounting variables. Factor scores summarizing these variables for a sample of industrial corpor...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Journal of economics and business 1985-12, Vol.37 (4), p.311-325
Hauptverfasser:	Kolari, James W., Apilado, Vincent P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business cycles Default Impacts Industrial development bonds Regression analysis Risk Risk premiums Yield
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!