Reporting bias in incomplete information model

Maurice Peat, Jiri Svec and Jue Wang

Economics Letters, 2014, vol. 123, issue 1, 45-49

Abstract: Company financial reports are likely to be systematically biased. In this paper, we extend the Duffie and Lando (2001) model with a skewness correction which can account for both random and directional components of reporting noise.

Keywords: Credit risk; Incomplete information; Reporting bias; Skew normal (search for similar items in EconPapers)
JEL-codes: D82 G13 G33 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:123:y:2014:i:1:p:45-49

DOI: 10.1016/j.econlet.2014.01.021

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