Triandafil, Cristina Maria; Brezeanu, Petre; Petrescu, … - In: Theoretical and Applied Economics 02(531) (2009) 02(531), pp. 61-72
This paper focuses on applying Black and Scholes structural approach on credit risk in the case of the companies listed on Romanian Stock Exchange. We conduct a case-study on 35 companies belonging to five industries (energetic, materials, chemistry, pharmaceuticals, equipments) during a period...