TAILIEUCHUNG - Credit risk evaluation and rating for SMES using statistical approaches: The case of european SMES manufacturing sector

The prevention of financial losses is crucial for enterprises, especially in periods of market instability and uncertainty. Credit risk refers to the likelihood that a company will not be able to cover its liabilities and become insolvent and defaulted. Credit risk is of utmost importance not only for the enterprises but also for financial institutions (banks), which try to eliminate any possible losses from insolvent clients. Most of the enterprises in Europe are SMEs (Small and Medium Enterprises). Manufacturing sector is one of the most important, especially in Western Europe. The aim of the current study is to evaluate credit risk of European SMES manufacturing companies for the period 2012-2014 under different schemes, with the use of a popular statistical approach, namely logistic regression. The results of the analysis imply that even with a mixed and unbalanced data set with a small number of defaults, the applied method perform well and provide meaningful results. The results of this paper could help the owners and the financial managers of SMEs in European Union in their financial decisions and strategic investments so as to be able to avoid credit risk and future bankruptcy. More viable SMEs in European Union may mean more development and less unemployment. | Credit risk evaluation and rating for SMES using statistical approaches: The case of european SMES manufacturing sector

• Ngân hàng - Tín dụng
• Credit risk
• Logistic regression
• European SMES manufacturing sector
• Statistical approaches
• Credit risk evaluation
• Credit risk management
• Financial risk components
• Bank risk management
• Credit scoring
• Credit ratings
• Rating system architecture
• Internal rating control committees
• Summary of doctoral thesis
• Prevention and mitigation of credit risk at BIDV
• credit risk at BIDV
• Investment and Development of Vietnam
• First hand suggesting
• The credit risk in reality
• Thesis abstract Banking – Finance
• Improving credit risk management capacity
• Credit risk management capacity
• Risk management capacity at Techcombank
• Risk management capability
• Portfolio models for credit risk
• Portfolio model formulations
• Loan loss distribution
• Portfolio loss distribution
• Sovereign credit rating
• Credit rating agencies
• Credit risk indicators
• Credit ratings objective
• Sovereign risk indicators
• Accounting rule change
• Current expected credit loss
• Allowance for loan and lease losses
• Credit provisions
• Financial crisis
• Model risk
• Credit value adjustment
• Wrong way risk
• Right way risk
• Credit risk modeling
• Least square Monte Carlo
• Default time approach (DTA)
• Default probability approach
• Credit Derivatives
• Credit Linked Notes
• Synthetic Collateralized Debt Obligation Structures
• Credit Default Swaps
• Credit Related Spread Products
• Credit risk management for enterprises
• Vietnam commercial banks
• Enterprises in business activities
• Expected credit losses
• Capital requirements
• Risk Management
• Moore penrose inverse
• BCRC index
• Bank funding
• Liquidity risk
• Bank integrating credit
• Funding optimization
• The perceived effectiveness of credit risk management strategies
• Microfinance institutions in the Sekondi Takoradi metropolis
• Credit risk management strategies
• The Sekondi Takoradi Metropolis
• The various MFIs selected purposively
• Luận văn Thạc sĩ Tài chính ngân hàng
• Economics Philosophy Doctor Thesis
• Commercial Bank of Vietnam
• Credit Risk Warning System
• Credit risk on the financial stability
• Commercial banks in Vietnam
• The financial stability
• Commercial bank
• Financial stability
• Efficiency of savings
• Credit cooperative societies
• Improved per capita income
• Policy direction
• quantitative modeling
• Credit Derivatives Pricing Models
• international credit
• lending
• banking
• Asset Swaps
• Credit Default Swap Basis
• Total Return Swaps
• Quantitative research
• Panel data
• An empirical insight
• Bank credit risk
• Finance Banking
• Luận văn tài chính ngân hàng
• Lending Portfolio Risk Management
• Credit Standards
• Financial risk manager
• Financial risk
• Financial manager
• Market risk management
• Integrated risk management
• Investment risk management
• Credit risk analysis
• Reflections on the use of the logit model
• The logit model
• Logit model
• Financial risk management
• Managing spot risk
• Managing forward risk
• Managing vanilla options risk
• Managing exotic options risk
• bank failures
• Overdue
• credit operations
• credit risk of branch
• collection and processing of information
• Measuring sovereign risk
• Contingent claims analysis
• The empirical evidence
• Southeast Asia credit markets
• Credit markets