Essays about: "Joakim Brunnhage"

Found 1 essay containing the words Joakim Brunnhage.

  1. 1. Altman versus Merton - Are corporate credit rating changes new information?

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Anton Andersson; Joakim Brunnhage; [2016]
    Keywords : Credit ratings; Credit rating changes; Merton model; Altman Z-score; Business and Economics;

    Abstract : With the relative performance between accounting-based and option-based approaches for default prediction being a key subject in previous research, combined with criticism against the rating agencies’ timeliness in assigning credit ratings, surprisingly few attempts have been made to investigate the models’ usefulness in predicting corporate credit ratings. This thesis is the first to investigate the Merton and Altman’s Z-score models’ relative performance in predicting future credit rating changes. READ MORE