… By regressing the credit spread on asset composition (growth options versus asset in place)
… of credit risk, we show that the value of growth options is negatively related to credit spreads. …

… impact of corporate growth options on credit spreads, equity … fact that credit risk, leverage,
and equity risk premiums exhibit … for standard credit risk factors, proxies of growth options are …

… level of interest rates, the growth rate in the economy, … which to a large extent drive the …
regulatory capital related to credit risk, for straight bonds and loans without option features. All …

… growth has been driven by the ability of credit derivatives to provide valuable new methods
for managing credit risk. … of popular credit derivatives credit swaps, credit options, and credit-…

… investigate the link between credit risk, leverage, and growth opportunities in a … credit risk
highlighted by the literature—in particular, a negative relationship emerges between credit risk …

… a significant growth in the last … credit risk impact the pricing of options which is assessed
in this paper. Also, they focus on call options only, which intuitively should be affected by credit …

… models that operate on a system of only two options for situation of client – failure or success,
… to changes in technology, cost structure, growth trends, and the barriers to entry into this …

… Minimizing credit loss is the best option rather than attempting to book 50 times business …
to poor selection of credit risk in their attempt to grow portfolios and maintain or improve …

… Table 1.2 illustrates the size and growth rate of the market of credit derivatives in the United
… a pricing model for options which are subject to counterparty credit risk. In its simplest form, …

… , and a risky bond, whose price is subject to negative jumps due to its credit risk and therefore
… We derive optimal policies for a number of objectives related to growth. In particular, we …