"Universidad de Cordoba" . . . . "[58F18033E2B0]" . "84-95723-10-7" . "Z(MSM 275100015)" . "Using option pricing methodology for appraising of risky firm debt as a put option"@en . "put option, debt, equity, Black-Scholes model, bankruptcy"@en . . . "632406" . "Using option pricing methodology for appraising of risky firm debt as a put option" . "27510" . "Using option pricing methodology for appraising of risky firm debt as a put option"@en . . "RIV/61989100:27510/03:00007890" . . "This article presents a framework for risky debt valuation using option pricing metodology known as a Real Option Analysis. The opportunity to liquidate a firm by either equityholders or debtholders can be modeled as a put option and increases the value of the claims. It will be argued, that the claims on the firm\u00B4s assets, stocks and bonds, contain a put option that will be exercised by the respective holders whenever the liquidation value exceeds the value of their claim in the surviving firm. The contingent claims model, equityholders` and debtholders` bankruptcy decision is described, at the end of the article some illustrative examples are stated." . "1-6" . "Using option pricing methodology for appraising of risky firm debt as a put option" . . "This article presents a framework for risky debt valuation using option pricing metodology known as a Real Option Analysis. The opportunity to liquidate a firm by either equityholders or debtholders can be modeled as a put option and increases the value of the claims. It will be argued, that the claims on the firm\u00B4s assets, stocks and bonds, contain a put option that will be exercised by the respective holders whenever the liquidation value exceeds the value of their claim in the surviving firm. The contingent claims model, equityholders` and debtholders` bankruptcy decision is described, at the end of the article some illustrative examples are stated."@en . "2"^^ . . . "Neuveden" . . "RIV/61989100:27510/03:00007890!RIV/2004/MSM/275104/N" . . "6"^^ . . . "0"^^ . "2"^^ . "0"^^ . . "\u010Cul\u00EDk, Miroslav" . "Arencibia Montero, Orlando" . "Cordoba" . . "Documentos de Trabajo" . . .