Härdle, Wolfgang; Moro, Rouslan A.; Schäfer, Dorothea - 2007
quantitative models on the PD
estimation and, therefore, on capital requirements.
When following the DA, logit or probit approach … Inventories ratio Investment 0.0 28.0 83.3 34.3
K20 Fixed assets ownership r. Leverage 1.1 60.6 3750.0 110.3
K21 Net income change … functional
form.
The conversion procedure consists of the estimation of PDs for the observa-
tions of the training set with a …