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Does the Merton model apply to the specific circumstances of emerging markets?

Cromme, Tobias LU and Buschermöhle, David LU (2014) BUSN89 20141
Department of Business Administration
Abstract
The purpose was to investigate whether the Merton
Model works in emerging markets and if it
does how efficient it works there compared to in
mature markets. Findings show that the Merton model works in emerging
markets and considers country specific information, yet
only through stock prices and volatility. However, the
model does not account for quality and availability of
information in these countries which in turn have a
negative impact on market efficiency.
Please use this url to cite or link to this publication:
author
Cromme, Tobias LU and Buschermöhle, David LU
supervisor
organization
course
BUSN89 20141
year
type
H1 - Master's Degree (One Year)
subject
keywords
The Merton model, emerging markets, ratings, emerging markets rating, market efficiency
language
English
id
4590449
date added to LUP
2014-08-21 15:03:00
date last changed
2014-08-21 15:03:00
@misc{4590449,
  abstract     = {The purpose was to investigate whether the Merton
Model works in emerging markets and if it
does how efficient it works there compared to in
mature markets. Findings show that the Merton model works in emerging 
markets and considers country specific information, yet 
only through stock prices and volatility. However, the 
model does not account for quality and availability of 
information in these countries which in turn have a 
negative impact on market efficiency.},
  author       = {Cromme, Tobias and Buschermöhle, David},
  keyword      = {The Merton model,emerging markets,ratings,emerging markets rating,market efficiency},
  language     = {eng},
  note         = {Student Paper},
  title        = {Does the Merton model apply to the specific circumstances of emerging markets?},
  year         = {2014},
}