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Quantification of the default probability of the top 42 non-financial South African firms
The focus of this dissertation is to quantify the probability of firm default focusing on the top 42 non-financial firms listed on the Johannesburg Stock Exchange. This paper follows the same methodology as outlined in the Moody's KMV white papers in implementing the Merton (1974) model. The model o...
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| Format: | Thesis |
| Language: | English |
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Department of Finance and Tax
2016
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