Ergebnis des Modells kann festgehalten werden, dass die Zulassung von internem Rating zur Festlegung der regulatorischen … of this regime for the investment incentives of banks in rating systems and the resulting welfare consequences. This is … the reason why the dissertation focuses on the following questions: 1. Which incentives for investments in rating systems …

eines Mixed Rasch Modells sechs verschiedene Klassen von Antwortmustern identifizieren, die unterschiedliche Rating …’ assessments and the existence of incentives to manipulate the soft rating. These inconsistencies leave soft information expensive … scores from credit scorecards as an indicator of a customer’s probability of default, we analyze different rating patterns by …

This thesis aims at analyzing the impact of model specification on credit rating models as used by banks to forecast … model specification has a strong impact on the quality of rating models. In particular it is emphasized that mixed logit … models offer well interpretable credit rating models with high forecasting power. …