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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.

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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...