90
Hazard Function for 'Bankruptcy* by the Proposed
Method
0.005 *ι
0.0045 ■
Я 0.004 -
tt 0.0035 -
I 0.003 -_______
—Before 99 Dec.
—After 99 Dec.
I 0.0025 -
I 0.002 -
I 0.0015 -
≡ 0.001 -
0.0005 -
0 - I I -T- I
T-I........I.......!"I Ilii
Time
Figure 5.1: Hazard Function for Bankruptcy Obtained Using the Proposed Method with
τ=0.5