This paper models how to calculate credit spreads on high-yield bond issues if the corporation has no underlying traded stocks. The model is developed from existing literature and from an intuitive idea and will not use outdated financial ratios and variables. We find that the use of outdated...

We examine the relation between monetary rewards, cognitive capabilities, dimensions of effort and how they affect decision-making in complex contexts. Using an experiment, we extend previous research with other effort areas. We find that the effect of incentives depends on the cognitive...