World scientific reference on contingent claims analysis in corporate finance (in 4 volumes)
Éditeur :
World Scientific Publishing Co Pte Ltd
ISBN :
9789814730723
Date de publication :
14 mars 2019
Langue :
Anglais
Pays d'origine :
Singapour
Black and Scholes (1973) and Merton (1974) (hereafter referred to as BSM) introduced the contingent claim approach (CCA) to the valuation of corporate debt and equity. The BSM modeling framework is also named the "structural" approach to risky debt valuation.