Research Paper

Modeling Credit Risk for Smes: Evidence from the Us Market

Considering the fundamental role played by small and medium sized enterprises (SMEs) in the economy of many countries and the considerable attention placed on SMEs in the new Basel ...

The Value of Non-Financial Information in SME Risk Management

Within the commercial client segment, small business lending is gradually becoming a major target for many banks. The new Basel Capital Accord has helped the financial sector to ...

Credit Risk Scoring Models

Credit scoring models play a fundamental role in the risk management practice at most banks. They are used to quantify credit risk at counterparty or transaction level in the ...

Financial Crisis: Where did Risk Management Fail?

The real estate market bubble and the subprime mortgages have been often identified as the causes of the current financial crisis, but this is not entirely true or, at least, they cannot be considered as the main cause...

A Review and Empirical Analysis of Altman's Z‐Score Model

This paper assesses the classification performance of the Z‐Score model in predicting bankruptcy and other types of firm distress, with the goal of examining the model's usefulness for all parties, ...

Managing Credit Risk for Retail Low-Default Portfolios

Low-Default Portfolios (LDPs) form a significant and substantial portion of retail assets at major financial institutions. However, in the literature, there are few contributions that deal specifically with the problem of managing LDP credit risk ...

Assessing the Credit Worthiness of Italian SMEs and Mini-bond Issuers

number of innovations have been introduced in the last five years to counter the devastating impact of credit rationing in Europe, particularly from traditional bank lending. This is a major problem for the small and medium size...

Subscribe To Our Newsletter