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Our founders and several board members and advisors have significantly contributed to the academic literature on risk management. We have collected the most relevant and useful ones for you to read.
Featured Articles
The perfect storm: What is the impact of...
Abstract One of the most significant victims of Covid-19 is the tourism and hospitality sector badly affected by travel…Restarting the Economy: How can we cure...
Introduction The COVID-19 pandemic has proved to be the perfect trigger to the current economic recession, but the global economy…Published Papers
SME Borrowers of Alternative Lenders in the UK
Abstract
SMEs (Small and Medium Sized Enterprises) are fundamental to the economic development...
Edward Altman: Where Are We in the Credit Cycle?
What Is a Benign Credit Cycle?
By my definition, benign credit cycles are periods when most if...
Setting Acquisition Strategy for Retail Customers
Abstract
Having a powerful default prediction model is not sufficient to guarantee the...
The Value of Non-Financial Information in SME Risk Management
Abstract
Within the commercial client segment, small business lending is gradually becoming a...
The Link between Default and Recovery Rates: effects on the procyclicality of regulatory capital ratios
Abstract
This paper analyzes the impact of various assumptions about the association between...
Credit Risk Scoring Models
Abstract
Credit scoring models play a fundamental role in the risk management practice at most...
The link between default and recovery rates: effects on the procyclicality of regulatory capital ratios
Abstract
Credit scoring models play a fundamental role in the risk management practice at most...
Measuring and Managing Credit and Other Risks
Abstract
During the last 40 years, risk management has evolved tremendously. The technologies...
Private Debt Markets: What lies ahead
Abstract
According to the Chinese horoscope, 2021 is the year of the Ox. In the Chinese culture,...
Managing Credit Risk For Retail Low-Default Portfolios
Abstract
Low-Default Portfolios (LDPs) form a significant and substantial portion of retail...
Estimating Conservative Loss Given Default
Abstract
The new Basel Capital Accord (Basel II) is going to be embedded in the risk management...
Solving Sample Selection Bias in Credit Scoring: The Reject Inference
Introduction
Nonrandom samples may present a significant problem in credit scoring. In general,...
Assessing the Credit Worthiness of Italian SMEs and Mini-bond Issuers
Abstract
A number of innovations have been introduced in the last five years to counter the...
Restarting the Economy: How can we cure the overleveraging problem of UK SMEs?
Introduction
The COVID-19 pandemic has proved to be the perfect trigger to the current economic...
Revisiting Credit Scoring Models in a Basel 2 Environment
Abstract
This paper discusses two of the primary motivating influences on the recent...
Z-score vs minimum variance preselection methods for constructing small portfolios
Abstract
Several contributions in the literature argue that a significant in-sample risk...
The perfect storm: What is the impact of Covid-19 on the Scottish hospitality industry?
Abstract
One of the most significant victims of Covid-19 is the tourism and hospitality sector...
Does Industry-wide Distress Affect Defaulted Firms? - Evidence from Creditor Recoveries
Abstract
Using data on defaulted firms in the United States over the period 1982 to 1999, we...
Risk Management, Corporate Governance, and Bank Performance in the Financial Crisis
Abstract
The recent financial crisis has raised several questions with respect to the corporate...
Financial Crisis: Where Did Risk Management Fail?
Abstract
The real estate market bubble and the subprime mortgages have been often identified as...
Effects of the New Basel Capital Accord on Bank Capital Requirements for SMEs
Abstract
Using data from three countries (US, Italy and Australia) and surveying related studies...
Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy
Introduction
ACADEMICIANS seem to be moving toward the elimination of ratio analysis as an...
Modeling Credit Risk For SMEs : Evidence From The US Market
Abstract
Considering the fundamental role played by small and medium sized enterprises (SMEs) in...
A fifty-year retrospective on credit risk models, the Altman Z-score family of models and their applications to financial markets and managerial strategies
Abstract
Fifty years ago, in 1967, I completed my PhD dissertation, which involved the first...
