Results 101 to 110 of about 6,300,523 (299)
International Journal of Financial StudiesThis research explores the impact of financial indicators on the credit ratings of companies listed on the S&P 500, employing a Sys-GMM model to address endogeneity concerns.
Nazário Augusto de Oliveira +1 more
doaj +1 more source
Debt refinancing and credit risk [PDF]
, 2003 Many firms choose to refinance their debt. We investigate the long run effects of this extended practice on credit ratings and credit spreads. We find that debt refinancing generates systematic rating downgrades unless a minimum firm value growth is ...
Peña Sánchez de Rivera, Juan Ignacio +2 more
core +1 more source
Clarke Transform: A Lingua Franca for Continuum Robotics
Advanced Intelligent Systems, EarlyView.Using the Clarke transform, both robot‐dependent mappings are known exactly for kinematic models, leading to a complete chain of transformations between spaces with associated abstraction. This eases the derivation. Therefore, proposing the Clarke transform as a lingua franca and utilizing a practical fact sheet can pave the way for more systematic ...
Reinhard M. Grassmann, Sami Haddadin
wiley +1 more source
Single-Name Credit Risk, Portfolio Risk, and Credit Rationing [PDF]
This paper introduces non-diversifiable risk in the Stiglitz-Weiss adverse selection model, so that an increase in the average riskiness of the borrower pool causes higher portfolio risk.
Arnold, Lutz G. +2 more
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Credit securitization and credit derivatives : financial instruments and the credit risk management of middle market commercial loan portfolios [PDF]
, 1998 Banks increasingly recognize the need to measure and manage the credit risk of their loans on a portfolio basis. We address the subportfolio "middle market".
Sabine Henke +5 more
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American Journal of Agricultural Economics, EarlyView.Abstract While multiple factors explain low adoption rates of improved varieties by small‐scale farmers in sub‐Saharan Africa, a key supply‐side constraint is the limited availability of seed embodying new traits in the volume, quality, price, and timeliness required by farmers. This constraint is partly attributable to classical failures in the market
Dawit Mekonnen +5 more
wiley +1 more source
Interbank lending, credit risk premia and collateral [PDF]
We study the functioning of secured and unsecured inter-bank markets in the presence of credit risk. The model generates empirical predictions that are in line with developments during the 2007-2009 financial crises.
Heider, Florian, Hoerova, Marie
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American Journal of Agricultural Economics, EarlyView.Abstract Large‐scale land reforms constitute a substantial redistribution of wealth and reallocation of agricultural land, which is a major form of asset and production input in developing countries. While land redistribution (from the rich to the poor) remains a highly controversial issue, extensive evidence on its effect is limited.
Devashish Mitra +3 more
wiley +1 more source
Credit risk clustering in a business group: Which matters more, systematic or idiosyncratic risk?
Cogent Economics & Finance, 2019 Understanding how defaults correlate across firms is a persistent concern in risk management. In this paper, we apply covariate-dependent copula models to assess the dynamic nature of credit risk dependence, which we define as “credit risk clustering ...
Feng Li, Zhuojing He
doaj +1 more source
Forecasting Credit Portfolio Risk [PDF]
The main challenge of forecasting credit default risk in loan portfolios is forecasting the default probabilities and the default correlations. We derive a Merton-style threshold-value model for the default probability which treats the asset value of a ...
Scheule, Harald +2 more
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