Chen, Tsung-Kang; Liao, Hsien-Hsing; Huang, Hsiao-Chun - In: Review of Quantitative Finance and Accounting 43 (2014) 3, pp. 463-481
The domino phenomenon that corporate failures occur along supply chain during the recent financial tsunami shows the important effects of the systematic risk of a firm’s supply chain counterparties on its credit risk (or bond yield spreads). It motivates this research to investigate the...