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Langinier, Corinne - Iowa State University of Science and Technology <Ames, … - 2004

innovation. Yet, firms do patent, as indicated by the largenumber of patents that are granted. This paper offers a possible … resolution to this puzzle.It takes a simplified version of a duopoly innovation race, and studies the patenting decisionof an … innovator who has private information about the improvability of her innovation.In this setting, it is shown that a firm may use …

Persistent link: https://www.econbiz.de/10009360921

How rating agencies achieve rating stability

Altman, Edward I.; Rijken, Herbert A. - 2004

Surveys on the use of agency credit ratings reveal that most investors believe that rating agencies are relatively slow in adjusting their ratings. (...)

Persistent link: https://www.econbiz.de/10005846812

The Link between Default and Recovery Rates: Theory, Empirical Evidence and Implications

Altman, Edward I.; Brady, Brooks; Resti, Andrea; … - 2003

This paper analyzes the association between aggregate default and recovery rates on credit assets, and seeks to empirically explain this critical relationship. We examine recovery rates on corporate bond defaults, over the period 1982-2002.(...)

Persistent link: https://www.econbiz.de/10005847045

In Argentinien ist etwas schief gegangen

DAlessio, Nestor

Persistent link: https://www.econbiz.de/10005855399

Testing Probability Calibrations: Application to Credit Scoring Models

Blöchlinger, Andreas; Leippold, Markus - Institut für Schweizerisches Bankwesen <Zürich> - 2006

The validation of probability calibration is an inherently difficult task. We develop a testing procedure for credit-scoring models. The models comprise two components to check whether the ex-ante probabilities support the ex-post frequencies. The first component tests the level of the...

Persistent link: https://www.econbiz.de/10005858376

Economic Benefit of Powerful Credit Scoring

Blöchlinger, Andreas; Leippold, Markus - Institut für Schweizerisches Bankwesen <Zürich> - 2005

In this paper, we study the economic benets from using credit scoring models. We contribute to the literature by relating the discriminatory power of a credit scoring model to the optimal credit decision. Given the Receiver Operating Characteristic (ROC) curve of the credit scoring model, we...

Persistent link: https://www.econbiz.de/10005858876

Erfolgsfaktoren mittelständischer Unternehmen. Strukturen und Strategien in Klein- und Mittelunternehmen als Wegbereiter für den Aufschwung

Küpper, Hans-Ulrich - Universität <München> / Fakultät für Betriebswirtschaft - 1994

Größen, die erfolgreiche von erfolglosen Unternehmen unterscheiden, kommt schonseit jeher besonderes Interesse zu. Im Mittelpunkt steht dabei die Suche nach densogenannten E r f o l g s f a k t o r e n . Im Laufe der Zeit ist eine "verwirrende Vielfalt vonEinflußgrößen und Bedingungen...

Persistent link: https://www.econbiz.de/10009418860

How do Rating Agencies Score in Predicting Firm Performance

Löffler, Gunter; Posch, Peter N. - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2007

We use dynamic panel analysis to examine whether credit rating agencies achieve what they claim to achieve, namely, look into the future when assigning their ratings. We find that Moodey's ratings help predict individual financial ratios over a horizon of up to five years. Ratings also predict a...

Persistent link: https://www.econbiz.de/10005860997

Credit Scoring and the Sample Selection Bias

Parnitzke, Thomas - Institut für Versicherungswirtschaft <Sankt Gallen> - 2005

For creating or adjusting credit scoring rules, usually only the accepted applicantsdata and default information are available. The missing information for therejected applicants and the sorting mechanism of the preceding scoring can leadto a sample selection bias. In other words, mostly...

Persistent link: https://www.econbiz.de/10005861566

Die sozialwirtschaftliche Branche als qualitatives Ratingkriterium- unter besonderer Berücksichtigung von NPO-Krankenhäusern

Beck, Andreas - Hochschule <Wismar> / Fachbereich Wirtschaft - 2006

die Stichworte Rating und Basel II in der Unternehmenswelt, vor allem bei KMU für Informationsbedarf, Verunsicherung und …

Persistent link: https://www.econbiz.de/10005863564

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