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The origins and extent of entrepreneurial action-orientedness : an experimental study
Barirani, Ahmad; Sloof, Randolph; Praag, Mirjam van - 2017
We test the hypothesis, based on popular and theoretical perspectives, that entrepreneurs are more action-oriented than … action-oriented than others. We theorize that this is driven by their lower levels of loss aversion and higher levels of … on curiosity and lower on loss aversion; (ii) the di fference in action-orientedness between entrepreneurs and others …
Persistent link: https://www.econbiz.de/10011583687
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Quantile forecasting for credit risk management using possibly mis-specified hidden Markov models
Banachewicz, Konrad; Lucas, André - 2007
Recent models for credit risk management make use of Hidden Markov Models (HMMs). The HMMs are used to forecast quantiles of corporate default rates. Little research has been done on the quality of such forecasts if the underlying HMM is potentially mis-specified. In this paper, we focus on...
Persistent link: https://www.econbiz.de/10011372502
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Business and default cycles for credit risk
Koopman, Siem Jan; Lucas, André - 2003
they do, or at least that defaults and credit spreads tend to co-move with macro-economic variables. If true, this is …
Persistent link: https://www.econbiz.de/10011333881
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Modeling portfolio defaults using hidden Markov models with covariates
Banachewicz, Konrad; Vaart, Aad W. van der; Lucas, André - 2006
We extend the Hidden Markov Model for defaults of Crowder, Davis, and Giampieri (2005) to include covariates. The …
Persistent link: https://www.econbiz.de/10011349709
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Sukuk defaults : on distress resolution is Islamic finance
Wijnbergen, Sweder van; Zaheer, Sajjad - 2013
Persistent link: https://www.econbiz.de/10010191389