But this contingentdebt would also give bankers an incentive to limitrisk by, say, reducing leverage.
但是这种意外债务也将给银行家一种控制风险的激励,意思是减少杠杆作用。
2
As generalizing the theory of option pricing, contingent claims analysis can Handel debt valuation, and sometime give closed form expressions.
未定权益分析作为期权定价理论的推广,广泛运用于债务估值,并能给出解析表达式。
3
In this paper we obtain a formula of debt valuation by contingent claims analysis method, and discuss the effect of corporate debt valuation in pure conglomerate mergers.