Informational constraints may turn the Merton Model for corporate credit risk impractical. Applying this framework to … probabilities due to (i) spreads containing non-credit risk factors, and (ii) systematic undervaluation of the firm's value. However …

authors leave it up to future research to provide a theoretical framework to clearly distinguish the cash flow and credit risk … the context of a firm’s private debt contracting. The evidence suggests that lenders perceive higher credit risk from … that increases credit risk.  …

related to credit risk, liquidity risk, and operational inefficiencies. Originality/value The authors provide new evidence …

Purpose – The purpose of this paper is to provide new empirical evidence on the impact of credit risk on China banks … suggest that the inclusion of credit risk factor has resulted in a higher JSCB EFFCH levels. On the other hand, the SOCB and … results clearly highlight the importance of credit risk and lending quality in determining the total factor productivity …

creditworthiness of any agricultural project. The evolution of such risk factors is vital for the credit risk analysis of a rural bank … design of a portfolio credit risk model, that is more suited to the special characteristics of a rural bank, than commercial … credit risk models. Originality/value – The paper incorporates agricultural-specific risk factors in a default risk model and …

Purpose – Quantitative methods known as scoring models have been traditionally developed for credit granting decisions … using statistical procedures. The purpose of this paper is to develop a non‐parametric credit scoring model for micro … enterprises that are not maintaining balance sheets, and without having a track record of performance and other credit …

, despite its early adoption of the Basel II Accord, experienced severe credit losses during the global financial crisis. The … with its sole focus on credit risk after the transition period provided for Basel II Accord.  …

Purpose The purpose of this paper is to test whether diversification of credit portfolios across economic sectors leads … to improved profitability and reduced credit risks for Ghanaian banks that have been characterized by high non …’ profitability nor does it reduce banks’ credit risks. Research limitations/implications The study focuses on a single banking system …

on data from 1,340 commercial paper tenders conducted by 26 issuers between mid-2003 and mid-2011 to explore how credit … 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 …