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- W1547961217 abstract "Students of the term structure of interest rates commonly assume the absence of the risk of default. This assumption severely limits the applicability of the results of the term structure theory in the field of corporate finance. In this paper it is explained how the risk of default could be incorporated into the well known unbiased expectations theory and how the resulting model is of direct use for a better understanding of interest rate risk differentials." @default.
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- W1547961217 date "1979-09-01" @default.
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- W1547961217 title "On the term structure of interest rates and the risk of default" @default.
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- W1547961217 doi "https://doi.org/10.1016/0378-4266(79)90019-0" @default.
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