Results 341 to 350 of about 8,808,649 (394)
Unemployment and credit risk [PDF]
Journal of Financial Economics, 2016 Abstract Labor market frictions help explain the credit spread puzzle. In U.S. aggregate data and newly assembled U.S. industry-level and cross-country panel datasets, the relation between unemployment and credit risk is strong and positive. In a search model of equilibrium unemployment embedded with defaultable debt and capital accumulation, search ...
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Credit Risk and Credit Rationing
The Quarterly Journal of Economics, 1960I. Approaches to credit rationing, 258. — II. The influence of credit risk on loan payoff, 259. — III. Implications for lender behavior and borrower access to credit, 267. — IV. The central bank's influence, 275.
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Credit Risk Management and Credit Derivatives [PDF]
, 2014 Credit risk management is an important issue in banking. In this chapter we give an overview of the models for calculating the default risk exposure of a credit portfolio. The primary goal of these models is to help credit analysts define whether a loan should be issued, which risk premia is appropriate and how much capital should be directed to the ...
Jürgen Franke +2 more
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Credit Risk-Mitigation Techniques and Credit Risk Protection
2022Abstract This chapter assesses credit risk mitigation (CRM) techniques and credit risk protection. Managing the risk of default of bank counterparties is, if possible, the most important objective of banks engaged in lending. The lower the counterparty’s creditworthiness, the stronger the collateral must be for a bank to be prepared to ...
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, 2010 Financial institutions are interested in loss protection and loan insurance. Thus determining the loss reserves needed to cover the risk stemming from credit portfolios is a major issue in banking. By charging risk premiums a bank can create a loss reserve account which it can exploit to be shielded against losses from defaulted debt.
Wolfgang Karl Härdle +2 more
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Cash Holdings and Credit Risk [PDF]
SSRN Electronic Journal, 2012 Intuition suggests that rms with higher cash holdings are safer and should have lower credit spreads. Yet empirically the correlation between cash and spreads is robustly positive, and higher for lower credit ratings. This puzzling nding can be explained by the precautionary motive for saving cash.
Sergei A. Davydenko +3 more
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ESG, Material Credit Events, and Credit Risk
Journal of Applied Corporate Finance, 2019A growing body of research has extended the analysis of the materiality of ESG criteria from the perspective of equity investors to creditors. Past research and analysis have demonstrated the link between better management of ESG criteria and better ...
Witold J. Henisz, J. McGlinch
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Credit Risk Diversification [PDF]
SSRN Electronic Journal, 2002 We study the role of diversification in reducing the volatility of corporate bond returns induced by changes in credit spreads. Specifically, we look at how credit risk can be diminished when a portfolio is diversified across countries, industry sectors, maturities, seniority types and credit ratings.
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International Journal of Accounting and Information Management, 2019
Purpose The purpose of this paper is to examine the association among operational risk incidents, corporate governance, credit risk and firm performance. Design/methodology/approach First, the authors regress corporate credit risk on the incurrence of
C. Ko, Picheng Lee, A. Anandarajan
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Purpose The purpose of this paper is to examine the association among operational risk incidents, corporate governance, credit risk and firm performance. Design/methodology/approach First, the authors regress corporate credit risk on the incurrence of
C. Ko, Picheng Lee, A. Anandarajan
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Annals of Operations Research, 2022
Liukai Wang, F. Jia, Lujie Chen, Qifa Xu
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Liukai Wang, F. Jia, Lujie Chen, Qifa Xu
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