山东省地方债务风险高吗?

Is the local debt risk high in Shandong Province?

通过采用KMV模型对山东省地方债务风险和山东省上市公司数据分析上市公司债务风险,阐述了两者之间的关系,第一次给出了微观层面证据。结果显示,在特定假设条件下,山东省地方债务风险违约已经超过0.4%的水平线,意味着我们需要更加重视地方债务风险问题。

By using KMV model to analyze the debt risk of listed companies in Shandong Province and the data of listed companies in Shandong Province,this paper expounds the relationship between the two,and gives the evidence at the micro level for the first time. The results show that under certain assumptions,the local debt risk default in Shandong Province has exceeded the level of 0.4%, which means that we need to pay more attention to the local debt risk.