Examinando por Materia "Modelo de Merton"

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    Reestructuración de pasivos y su efecto en la probabilidad de default de una compañía
    (Universidad EAFIT, 2020) Palmett Herazo, Jaiber Mauricio; Ospina Mejía, Jaime Alberto
    This paper examined the effect of debt restructuring on a company's default distance in the short and long term, based on the initial understanding of the probability of default by sector and size of companies in Colombia and firms that were liquidated. This task was carried out by applying the Merton model (1974) to the companies that form the insolvency base of the Superintendencia de Sociedades as of December 2019 and to the company Avianca Holdings S. A. As a result, the short-term and total default probability for Avianca measured before and after restructuring is obtained. These results allow to compare the probabilities of the different classifications of companies and conclude on the effectiveness of the restructuring carried out by Avianca.