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Calibration alternatives to logistic regression and their potential for transferring the dispersion of discriminatory power into uncertainties of probabilities of default

Wosnitza, Jan Henrik - 2022

The transformation of credit scores into probabilities of default plays an important role in credit risk estimation. The linear logistic regression has developed into a standard calibration approach in the banking sector. With the advent of machine learning techniques in the discriminatory phase...

Persistent link: https://www.econbiz.de/10012876151

Innovation, Creative Destruction and Structural Change : Firm-Level Evidence from European Countries

Dachs, Bernhard; Hud, Martin; Köhler, Christian; … - 2016

dynamics. We investigate this reallocation in terms of employment gains and losses from innovation. New employment created by … product innovation may be offset by employment losses in related products, known as ‘cannibalisation’ or ‘business stealing …’ effects in the literature, by employment losses from process and organisational innovation and by general productivity …

Persistent link: https://www.econbiz.de/10014124162

Technological Regimes in the Brazilian Manufacturing Industry : An Empirical Investigation

Vieira, Vinicius - 2013

The paper aims at assessing technological regimes in the context of the Brazilian manufacturing industry along the 2000-2005 period. The industries were classified in terms of SM-I and SM-II technological regimes by means of multivariate statistical methods based on variable approximating...

Persistent link: https://www.econbiz.de/10013086613

Technological regimes in the Brazilian manufacturing industry : an empirical investigation

Vieira, Vinicius; Resende, Marcelo - 2013

Persistent link: https://www.econbiz.de/10009702893

Risk capital, private credit, and innovative production

Ang, James B.; Madsen, Jakob Brøchner - In: The Canadian journal of economics 45 (2012) 4, pp. 1608-1639

Persistent link: https://www.econbiz.de/10009689553

Risk capital, private credit and innovative production

Ang, James B.; Madsen, Jakob Brøchner - 2012

Although ideas production plays a critical role for growth, there has been only a modicum of research on the role played by financial forces in fostering new inventions. Drawing on Schumpeterian growth theory, this paper tests the roles of risk capital and private credit in stimulating knowledge...

Persistent link: https://www.econbiz.de/10009553016