Вопрос измерения результатов деятельности является одним из основных при
подготовке управленческих решений. Кредитные рейтинги занимают особое место …

Assessing default risks for Chinese firms is hard. Standard measures of risk using market
indicators may be unreliable because of implicit guarantees, the large role played by less …

Insolvenzen führen in einer Volkswirtschaft durch Zerstörung von Arbeitsplätzen oft durch
eine Entwertung spezifischen Humankapitals und Vernichtung von Sachkapital zu …

Rating agencies report ordinal ratings in discrete classes. We question the market's implicit
assumption that agencies define their classes on identical scales, eg, that AAA by Standard …

Jochen Klement analysiert das Einsatzpotenzial interner Märkte, um so die Allokation des
haftenden Eigenkapitals im Kreditbereich optimal zu gestalten. Er erarbeitet Kriterien für ein …

Discriminatory power and predictions of defaults of structural credit risk models Page 1
Electronic copy available at: http://ssrn.com/abstract=1477715 The Journal of Risk Model …

Affective disorder is generally regarded as the prominent risk factor for suicide in the old age
population. Despite the large number of empirical studies available in the literature, there is …

This paper assesses whether agency ratings and market-based default risk measures are
consistent for East Asian banks during the period from 1996 to 2006. While the market …

Empirical findings and theoretical studies suggest that firms adjust towards time-varying
target leverage ratios. This paper studies the performances of the default probabilities …

This chapter examines the application of the credibility theory, originally developed in the
field of risk theory and insurance mathematics, to benchmarking of credit ratings from …