Broll, Udo (contributor); Schweimayer, Gerhard (contributor) - 2003 - [Elektronische Ressource]
of capital
market theory \credit risk has both an idiosyncratic and a systematic component"
(Louberg¶e and Schlesinger … Arbitrage Pricing Theory (APT) we have an understanding that systematic risk
can not be diversifled away, but is tradeable …) and providing incentives (for proper monitoring of the loan),
conventional wisdom from incentive theory suggests that the …