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Developing a multi stage predicting system for corporate credit rating in emerging markets
Al-Najjar, Dana; Al-Najjar, Basil - In: Journal of Enterprise Information Management 27 (2014) 4, pp. 475-487
Purpose – The purpose of this paper is to build a neural network system to predict corporate credit rating in Jordanian non-financial firms, using 19 different financial characteristics such as profitability, leverage ratios, liquidity, bankruptcy, and sales performance....
Persistent link: https://www.econbiz.de/10014860359
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Could we rely on market discipline as a substitute for insurance regulation?
Castagnolo, Fernando; Ferro, Gustavo - In: Journal of Financial Regulation and Compliance 21 (2013) 1, pp. 4-15
authors designed an experiment examining policy subscription reaction to adjustments in insurers' risk ratings in three …
Persistent link: https://www.econbiz.de/10014870228
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Credit risk signals in CDS market vs agency ratings
Jacobs Jr, Michael; Karagozoglu, Ahmet K.; Layish, Dina … - In: The Journal of Risk Finance 17 (2016) 2, pp. 194-217
Purpose This research aims to model the relationship between the credit risk signals in the credit default swap (CDS …/methodology/approach A comprehensive analysis of the differences in the relative credit risk assessments of CDS-based risk signals and agency … ratings is provided. It is shown that the divergence between credit risk signals in the CDS market and agency ratings is …
Persistent link: https://www.econbiz.de/10014902015
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CDS spreads as an independent measure of credit risk
Kiesel, Florian; Spohnholtz, Jonathan - In: The Journal of Risk Finance 18 (2017) 2, pp. 122-144
market participants with an alternative risk assessment, which is solely based on market factors, and does not rely on credit …
Persistent link: https://www.econbiz.de/10014902067
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Location of banks and their credit ratings
van Loon, Eric; de Haan, Jakob - In: The Journal of Risk Finance 16 (2015) 3, pp. 220-232
Purpose – This paper aims to examine whether credit ratings of banks are related to their location, i.e. inside or outside the Euro Area. Design/methodology/approach – The authors estimate a multilevel ordered probit model for banks’ credit ratings in 2011 and control for bank-specific...
Persistent link: https://www.econbiz.de/10014902117
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The impact of sovereign credit ratings on corporate credit ratings in South Africa
Ntsalaze, Zuziwe; Boako, Gideon; Alagidede, Paul - In: African Journal of Economic and Management Studies 8 (2017) 2, pp. 126-146
that company specific variables (accounting variables) are not significant in explaining credit risk ratings assigned to … contrast the results across different agencies. Future studies could also look at crisis periods and how the transfer risk …
Persistent link: https://www.econbiz.de/10014668743
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Do trade area grades really affect credit ratings of small businesses? An application of big data
Pan, Huifeng; Kang, Man-Su; Ha, Hong-Youl - In: Management Decision 55 (2017) 9, pp. 2038-2052
financial risk and retail literature. Second, the current study extends the research on the credit evaluation of small … recommended an exploration of the relationship between business start-ups and financial risk.  …
Persistent link: https://www.econbiz.de/10014936357
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Going‐concern audit opinions for bankrupt companies – impact of credit rating
Feldmann, Dorothy; Read, William J. - In: Managerial Auditing Journal 28 (2013) 4, pp. 345-363
Purpose – The purpose of this study is to examine whether credit ratings inform auditors' going‐concern (GC) audit opinions for companies facing imminent bankruptcy. Design/methodology/approach – Using data from BankruptcyData.com the authors identify US publicly‐held,...
Persistent link: https://www.econbiz.de/10014929325
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Credit ratings, relationship lending and loan market efficiency
Bauer, Keldon; Esqueda, Omar A. - In: Studies in Economics and Finance 34 (2017) 1, pp. 122-142
Purpose Using the small-business loan market, this paper aims to test whether a structural shift in access to borrowers’ financial information (i.e. credit ratings) improves market efficiency, thereby improving entrepreneurs’ access to external capital. Design/methodology/approach This...
Persistent link: https://www.econbiz.de/10015014037
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What drives issue spreads on commercial paper?
Poskitt, Russell - In: Pacific Accounting Review 25 (2013) 3, pp. 278-292
risk and liquidity factors impact on issue spreads. Findings – Prior to March 2008, issue spreads are higher when issuers … have a weaker credit rating, risk aversion is high and investor appetite for the issue is low. There is no term premium in … issue spreads. After March 2008, credit ratings have no influence on issue spreads, while the influence of risk aversion is …
Persistent link: https://www.econbiz.de/10014968870