Title

Taxes, Default Risk and Credit Spreads

Publication Type

Journal Article

Publication Date

2004

Abstract

Presents a general term structure model of defaultable bonds that assesses the potential effects of taxes. Effects of taxes on corporate bond spreads; Impact of tax omission on default rate estimation; Factor essential in evaluating firm performance and understanding whether investors are fully compensated for the risk they bear.

Discipline

Business

Research Areas

Finance

Publication

Journal of Fixed Income

Volume

1

Issue

2

First Page

71

Last Page

85

ISSN

1059-8596

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