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Determinants of capital adequacy and voluntary capital buffer among microfinance institutions in an emerging market
Duho, King Carl Tornam - In: Cogent economics & finance 11 (2023) 2, pp. 1-33
This study examines the determinants of capital adequacy and voluntary capital buffers among microfinance institutions (MFIs). We apply the two-stage least squares (2SLS) with instrumental variables to account for endogeneity. Using quarterly panel data of 439 MFIs in Ghana covering the period...
Persistent link: https://www.econbiz.de/10014501012
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Partisan Professionals : Evidence from Credit Rating Analysts
Kempf, Elisabeth; Tsoutsoura, Margarita - 2021
Partisan perception affects the actions of professionals in the financial sector. Linking credit rating analysts to … rating actions of Democratic and Republican analysts around the 2016 presidential election. Our results show analysts …
Persistent link: https://www.econbiz.de/10013251649
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Rating model for estimating the probability of default in LBO transactions
Lang, Michael; Cremers, Heinz; Hentze, Rainald - 2010
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 … and non-defaulting LBO transactions. -- Logistic Regression ; Logit ; Credit Risk ; Credit Risk Modeling ; Rating …
Persistent link: https://www.econbiz.de/10003939552
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SME credit risk analysis using bank lending data : an analysis of Thai SMEs
Yoshino, Naoyuki; Taghizadeh-Hesary, Farhad; … - 2015
, banks are the main source of financing, and the lack of a comprehensive credit rating database has been a bottleneck for … SMEs. This paper examines how a credit rating scheme for SMEs can be developed, when access to other financial and non …
Persistent link: https://www.econbiz.de/10011305386
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Credit Surety Fund : a credit innovation for micro, small, and medium-sized enterprises in the Philippines
Maningo, Gary V. - 2016
Micro, small, and medium-sized enterprises are a backbone of the Philippine economy. One factor that hinders the growth of these enterprises is their difficulty in accessing finance from banks and other financial institutions. The Credit Surety Fund (CSF) was established to help these...
Persistent link: https://www.econbiz.de/10011522092
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
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The SSM at 1
Laeven, Luc; Draghi, Mario; Dombret, Andreas R.; … - SUERF - The European Money and Finance Forum; Deutsche …; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011557140
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Role of the Credit Risk Database in developing SMEs in Japan : lessons for the rest of Asia
Kuwahara, Satoshi; Yoshino, Naoyuki; Sagara, Megumi; … - 2015
Small and medium-sized enterprises (SMEs) play a significant role in Asian economies as they contribute to high shares of employment and output. However, SMEs generally have limited access to finance compared to large enterprises. Given the bank-dominated financial systems in Asia, banks are the...
Persistent link: https://www.econbiz.de/10011383687
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Non-U.S. Asset-Backed Securities : Spread Determinants and Over-Reliance on Credit Ratings
Vink, Dennis - 2012
find that spread can be explained in terms of two factors credit rating and bond market conditions. Our tests support the … hypothesis that despite heavy reliance on credit ratings, investors do consider factors that the rating agencies state that they …
Persistent link: https://www.econbiz.de/10013116948
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Comparison of Default Probability Models : Russian Experience
Karminsky, Alexander - 2012
Under the Basel II accord, improving probability of default models is a key risk-management priority. There are four main aspects of this research: suggesting the bank default classification; using a wide time horizon (quarterly Russian banking statistics from 1998 to 2011); investigating the...
Persistent link: https://www.econbiz.de/10013100257