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University of Illinois at Urbana-Champaign
Quantitative Market Risk Disclosure, Bond Default Risk and the Cost of Debt: Why Value at Risk
Abstract
dc:descriptionThe empirical analyses on both new and seasoned debt issues show that the reduction in bond default risk and cost of debt is observed more frequently with the value at risk format than with sensitivity analysis. Firm size might be a confounding factor, however, because larger firms choose to disclose more value at risk than sensitivity analysis.
Degree
thesis:*- Name thesis:degree_name
- Ph.D.
- Level thesis:degree_level
- Dissertation
- Discipline thesis:degree_discipline
- Accountancy
- Grantor
- University of Illinois at Urbana-Champaign
- Year dc:date
- 2015
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Guo, Hong-Tao
- Contributors dc:contributor
-
- Ziebart, David A.
Subjects
dc:subject × 1Rights
- Language dc:language
- eng
Identifiers
dc:identifier.*- Identifier
- (MiAaPQ)AAI3044099
- OAI identifier oai:identifier
- oai:www.ideals.illinois.edu:2142/87150