Title :
Research on Default Probability of Emerging Technology Firms
Author :
Ying Zhang ; Lin Chen ; Zongfang Zhou
Author_Institution :
Sch. of Manage. & Econ., Univ. of Electron. Sci. & Technol. of China, Chengdu
Abstract :
Many emerging technology firms (ETF) are usually indebted and on deficit at the early stage due to the market or technology factors. In this research, we use stochastic integral techniques to measure the default probability of these ETF before the maturity date of debt. By measuring default probability, the credit risk of the ETF can be predicted and assessed.
Keywords :
market opportunities; probability; default probability; emerging technology firms; market; Computer network management; Computer networks; Conference management; Diffusion processes; Economic forecasting; Information management; Internet; Risk analysis; Stochastic processes; Technology management;
Conference_Titel :
Networked Computing and Advanced Information Management, 2008. NCM '08. Fourth International Conference on
Conference_Location :
Gyeongju
Print_ISBN :
978-0-7695-3322-3
DOI :
10.1109/NCM.2008.66
