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Credit risk management based on harmonious cultural values to support microfinance institution performance in Indonesia
Astawa, I Putu; Sukawati, Raka; Dwiatmadja, Christantius - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 21 (2020) 1, pp. 340-347
Credit risk is important in developing the performance of a microfinance institution. The aim of this research was to … analyze credit risk through a harmonious cultural approach to improve financial performance. Qualitative approach was used to … influenced the financial performance. The research result had an implication to risk management in improving financial …
Persistent link: https://www.econbiz.de/10012496710
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How Large Banks Use CDS to Manage Risks : Bank-Firm-Level Evidence
Hasan, Iftekhar - 2015
We test five hypotheses on whether banks use CDS to hedge corporate loans, provide credit enhancements, obtain regulatory capital relief, and exploit banking relationship and private information. Using new data that link large banks' CDS positions and syndicated lending on individual firms, we...
Persistent link: https://www.econbiz.de/10013021173
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Managing Counterparty Credit Risk Via BSDEs
Lesniewski, Andrew - 2016
We discuss a general dynamic replication approach to counterparty credit risk modeling. This leads to a fundamental jump-process backward stochastic differential equation (BSDE) for the credit risk adjusted portfolio value. We then reduce the fundamental BSDE to a continuous BSDE. Depending on...
Persistent link: https://www.econbiz.de/10012985088
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Credit Default Swaps and Managers’ Voluntary Disclosure
Kim, Jae B. - 2018
We investigate how the availability of traded credit default swaps (CDSs) affects the referenced firms' voluntary disclosure choices. CDSs enable lenders to hedge their credit risk exposure, weakening their incentives to monitor borrowers. We predict that reduced lender monitoring in turn leads...
Persistent link: https://www.econbiz.de/10012913578
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Comparative study of microfinance sustainability : credit risk-taking and capital structure
Fersi, Marwa; Abbes, Mouna Boujelbène - In: International journal of management, economics and … 12 (2023) 3, pp. 184-216
financial performance. Fixed and Random effects GLS with a first-order autoregressive disturbance was used to empirically … analyze the impact of risk-taking on performance as well as the role of capital structure in moderating the effects on the … relationship between non-performing loans and performance. The dataset covers 179 Conventional MFIs and 57 Islamic MFIs in four …
Persistent link: https://www.econbiz.de/10014368527
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The impact of climate risk on corporate credit risk
Bell, Francesca; Van Vuuren, Gary - In: Cogent economics & finance 10 (2022) 1, pp. 1-16
Firms must estimate expected credit losses (EL) to comply with accounting standards and unexpected credit losses (UL) to determine regulatory credit risk capital. Both rely on estimates of obligor probabilities of default (PD). Investors also pay close attention to credit ratings-derived from...
Persistent link: https://www.econbiz.de/10014500385
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The Corporate Compliance Function - Effects on Equity and Credit Risk
Bannier, Christina E. - 2020
Does corporate compliance help to reduce firm risk? We explore this question by examining the reported compliance activities of 150 publicly listed German firms over the years 2014 to 2018. We build a summary score that accounts for 24 clearly identifiable compliance elements and find that...
Persistent link: https://www.econbiz.de/10012849363
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Media, Reputational Risk, and Bank Loan Contracting
Becchetti, Leonardo; Hasan, Iftekhar; Manfredonia, Stefano - 2021
This paper investigates how reputational risk arising from traditional and online media coverage of Corporate Social Irresponsibility (CSI) conducts affects the cost of borrowing. It reports that negative media attention has a significant and positive effect on bank loan costs. The result is...
Persistent link: https://www.econbiz.de/10013242489
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Media, Reputational Risk, and Bank Loan Contracting
Becchetti, Leonardo; Manfredonia, Stefano - 2021
This paper investigates how reputational risk arising from traditional and online media coverage of Corporate Social Irresponsibility (CSI) conducts affects the cost of borrowing. It reports that negative media attention has a significant and positive effect on bank loan costs. The result is...
Persistent link: https://www.econbiz.de/10013211843
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Risk of Financial Distress in Secondary Buyouts
Eschenröder, Tjark - 2020
Secondary buyouts (SBOs) represent more than 50 percent of all buyouts in 2018. Even though general partners argue that SBOs are less attractive investment targets for buyouts and some empirical indication against an outperformance of SBOs exists, the share of SBOs continuously increases....
Persistent link: https://www.econbiz.de/10012845490