An investigation of default probability in Thailand

• المؤلف الرئيسي: Sunti Tirapat
• مؤلفون آخرون: Chulalongkorn University. Faculty of Economics
• التنسيق: Technical Report
• اللغة: English
• منشور في: Chulalongkorn University 2010
• الموضوعات: Default (Finance); Financial institutions
• الوصول للمادة أونلاين: http://cuir.car.chula.ac.th/handle/123456789/12460
• المؤسسة: Chulalongkorn University

Using the sample of 100 most liquid companies listed in the Stock Exchange of Thailand during 1992-1999, the default probabilities from two approaches, the logit model and the KMV model, are calculated and compared. The results from the KMV model suggest that the default probabilities of financial i...