...Koji Takahashi; Sumiko Takaoka This paper investigates the effect of employee satisfaction on a firm’s credit risk by leveraging employee reviews from an online platform. The authors construct a subjective perception score ( SPS ) index, defined as the discrepancy between the online reviews...

... with the new standards, incurring in costs which can undermine their financial stability. In this paper we derive formulas for the pricing of defaultable coupon bonds and Credit Default Swaps to empirically demonstrate that a jump-diffusion credit risk model in which the downward jumps in the firm value...