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Félix B. Tambe-Ndonfack

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Preprint Jul 2026

Filtering Credit Risk with Stochastic Discontinuities

We develop a structural credit-risk model under incomplete information in which investors observe firm value only indirectly through noisy market signals and scheduled corporate disclosures. While disclosure dates are known in advance, their informational content is random, leading to stochastic discontinuities in the...

Félix B. Tambe-Ndonfack · 0 citations

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