Hazera, Alejandro; Quirvan, Carmen; Marin-Hernandez, … - In: International Journal of Managerial Finance 12 (2016) 2, pp. 177-210
Purpose – The purpose of this paper is to highlight how the basic binomial option pricing model (BOPM) might be used by regulators to help formulate rules, prior to financial crisis, that help prevent loan overstatement by banks in emerging market economies undergoing financial crises....