Erratum

• Date: 01 August 2014
• DOI: http://doi.org/10.1111/ajfs.12060
• Published date: 01 August 2014

Erratum

In Hwa-Sung Kim (2014), on page 377, the ‘200 basis points’ was changed inadver-

tently into ‘2006 basis points’ due to a technical error.

The sentence should have read ‘According to Longstaff et al. (2005), credit spreads

for Enron’s bond with a 5-year maturity were approximately 200 basis points (see

figure 1 of Longstaff et al., 2005).’

The online version has also been corrected.

We sincerely apologize for this error.

Reference

Kim, H.-S., 2014, A simple structural model with a default boundary dependent on stock

market performance, Asia-Pacific Journal of Financial studies 43, pp. 356–383.

Asia-Pacific Journal of Financial Studies (2014) 43, 620 doi:10.1111/ajfs.12060

620 ©2014 Korean Securities Association