Abstract
The structural approach is primarily directed at pricing the firm’s liabilities. In this methodology, the firm’s liabilities are seen as contingent claims issued against the total value of firm’s assets; for this reason this approach is also referred to as the firm value approach or the option-theoretic approach.
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© 2004 Springer-Verlag Berlin Heidelberg
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Bielecki, T.R., Rutkowski, M. (2004). Corporate Debt. In: Credit Risk: Modeling, Valuation and Hedging. Springer Finance. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-04821-4_2
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DOI: https://doi.org/10.1007/978-3-662-04821-4_2
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-08707-3
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