Corak kemandirian dan risiko kewangan bon korporat di Malaysia
Besides bank loans and shares, issuance of bonds is an alternative for financing needs. Nevertheless, corporate bond investors are exposed to bond financial risk, that is, the firm's inability to pay back maturity value and coupon payment. This paper aims to analyze the survival pattern and fin...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Utara Malaysia
1999
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/804/1/Noriszura_Hj._Ismail_1.pdf http://repo.uum.edu.my/804/ http://ijms.uum.edu.my |
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| Summary: | Besides bank loans and shares, issuance of bonds is an alternative for financing needs. Nevertheless, corporate bond investors are exposed to bond financial risk, that is, the firm's inability to pay back maturity value and coupon payment. This paper aims to analyze the survival pattern and financial risk of listed corporate bonds in Malaysia. Altman's method is found most suitable because it adapts actuarial method in analyzing human mortality rates. A comparisonis made on financial risk of corporate bonds in Malaysia and those in the United States. |
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