Showing 1 - 10 of 24,110
-trivial when more than three credit rating agencies are involved. We propose a method for comparing rating scales, and hence …Investors are being encouraged after the global crisis to reduce their dependence on the largest credit rating agencies … for risk assessments of companies and securities. Comparing risk assessments from different sources rapidly becomes non …
Persistent link: https://www.econbiz.de/10011151917
The financial crisis prompted closer supervision of securitisation as a mechanism for refinancing the economy. In France the principal underlying assets of securitisations are bank loans and credits to resident households and non-financial companies.
Persistent link: https://www.econbiz.de/10010635612
risk cannot be quantified with com-mon rating methods. This paper explains the risk associated with leveraged buyout (LBO …) transactions and demon-strates the implementation of a new rating method based on a logistic regression (logit func-tion), a rating …
Persistent link: https://www.econbiz.de/10008556000
The diffusion of internal rating systems changes the scenario of the financial strategy adopted by firms. The objective … fundamental step for ensuring that the new decision- making system, based on the internal rating, can expand the financial options … default situation is the premise for making best use of the paths of financial innovation, of which the internal rating is an …
Persistent link: https://www.econbiz.de/10011157742
The ratings of leading rating agencies are crucial signals for economic agents in capital markets, namely with respect … alternative modes of rating it is pointed out that with respect to welfare aspects rating in the form of a public good is superior …
Persistent link: https://www.econbiz.de/10011170323
Die vorliegende Arbeit untersucht, welche Faktoren einen Einfluss auf die Beurteilung der Zahlungsfähigkeit eines Unternehmens haben. Dazu werden zwei empirische Untersuchungen durchgeführt. Zunächst wird geklärt, welche makroökonomischen Faktoren und unternehmensspezifischen Kennzahlen...
Persistent link: https://www.econbiz.de/10010985124
rating agencies. Ausgehend von problematischen Immobilien-Finanzierungen in den USA hat sich vor allem mittels …-Notenbank ebenso diskutiert wie kursierende Schuldvorwürfe an Manager ("Gier") und an Rating-Agenturen. …
Persistent link: https://www.econbiz.de/10005071250
-rete, focalizzandosi in particolar modo sul processo di assegnazione del rating alla rete, nel caso di “rete-oggetto e “rete …-soggetto”, focalizzandosi in particolar modo nel processo di assegnazione del rating di rete. …
Persistent link: https://www.econbiz.de/10010800900
Italian banks have never used the credit rating system to grant funds to SMEs until the introduction of Basel II accord …. Credit Rating Systems use financial ratios that are often not adapted to SMEs' assessment. In fact, small and medium …
Persistent link: https://www.econbiz.de/10011096963
Two factors have proven to be strongly relevant for the subprime mortgage crisis. The first is the lack of screening incentives of originators, which had not been anticipated by investors. The second is that investors relied too much on credit ratings. We examine whether investors have learned...
Persistent link: https://www.econbiz.de/10010985511