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Creditworthiness dynamics and Hidden Markov Models

Journal of the Operational Research Society, 2014
A dynamic monitoring of credit risky portfolios is described. In the first section, it is shown how a Markov dependence can be used in modelling the borrower's behaviour: a chain of transition probabilities matrices is built in which the states of the dynamic stochastic system are the number of instalments in arrears.
VANNUCCI, LUIGI, L. Quirini
exaly   +5 more sources

Digital transformation and corporate creditworthiness

open access: yesFinance Research Letters
Utilizing panel data from China's A-share listed companies spanning 2007 to 2022, this paper examines the effects of digital transformation on corporate creditworthiness, focusing on the underlying mechanisms at play.
Zhen, Xiaofei, Zhou, Yiyang
exaly   +4 more sources

Developments in corporate creditworthiness around ownership events

open access: yesInternational Journal of Managerial Finance, 2011
PurposeThis study seeks to explore developments in corporate creditworthiness before and after ownership events.Design/methodology/approachThe paper uses the Blockholders database of Dlugosz, Fahlenbrach, Gompers, and Metrick, and three credit quantities,
Dror Parnes
exaly   +2 more sources

Suppliers' debt collection and contractor creditworthiness evaluation

open access: yesBuilding Research and Information, 2000
Results of a survey of UK construction materials suppliers' credit control and debt collection procedures are presented. Analyses of respondent data identified methods and trends associated with: contractor creditworthiness evaluation; suppliers' debt ...
Gary Holt
exaly   +2 more sources

Biases in Appraising Creditworthiness

International Journal of Bank Marketing, 1992
In the mid 1970s two psychologists, Kahneman and Tversky, isolated three major aspects of heuristics which induce biases in our decisions, which they termed as: (1) representativeness, (2) availability and (3) anchoring. An example of the bias within the representativeness heuristic is the underutilization of base rates.
Bala Shanmugam, Philip Bourke
openaire   +1 more source

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