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Revenue recognition certificates: a new security
Revenue recognition certificates provide returns as a specified function of a company's sales or gross revenues over a defined period of time in the future. To explore whether certificates would be an advantage in the financial markets, this article discusses the agency problems of these certificates as well as the benefits to investors and issuers of debt and certificates. A corporate bond pricing model is adapted to value the certificates and is used to produce representative numerical examples.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| FAJ6204 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Virginia: CFA Institute 2006 |
|---|---|
| Edisi | Vol. 62, No. 4, Jul. - Aug., 2006 |
| Subjek | structural credit risk models revenue recognition certificates securitization of sales corporate debt alternatives investor transparency inflation hedge instruments |
| ISBN/ISSN | 0015198X |
| Klasifikasi | NONE |
| Deskripsi Fisik | 11 p. |
| Info Detail Spesifik | Financial Analysts Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |