Qualitative determinants and credit-default risk: Evidence from Turkey
Küçük Resim Yok
Tarih
2013
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
National Academy of Management
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper investigates the qualitative and quantitative determinants of firm defaults for Turkish manufacturing companies over the time period 2001-2005 by using yearly observation intervals. The paper uses a multivariate logistic regression on the sample of 1772 firms to construct a predictive model. According to the results of this study, the most significant predictors of default are short-term financial leverage, profitability, nonperforming loan volume, and the levels of collateral and guarantees. The qualitative variables significantly increase the power of the model to predict firm default.
Açıklama
Anahtar Kelimeler
Credit-Default Risk; Default Probability Estimation; Emerging Markets; Qualitative Risk Predictors; Risk Management
Kaynak
Actual Problems of Economics
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
145
Sayı
7
