The discipline of credit score threat and company chapter prediction has gained appreciable momentum following the collapse of many massive companies world wide, and extra lately by way of the sub-prime scandal in the United States. This e book gives a radical compendium of the completely different modelling approaches accessible in the sector, together with a number of new methods that reach the horizons of future analysis and follow. Topics coated embrace probit fashions (in specific bivariate probit modelling), superior logistic regression fashions (in specific combined logit, nested logit and latent class fashions), survival evaluation fashions, non-parametric methods (notably neural networks and recursive partitioning fashions), structural fashions and lowered kind (depth) modelling. Models and methods are illustrated with empirical examples and are accompanied by a cautious clarification of mannequin derivation points. This sensible and empirically-based strategy makes the e book an excellent useful resource for all these involved with credit score threat and company chapter, together with teachers, practitioners and regulators.
Stewart Jones – Advances in Credit Risk Modelling & Corporate Bankruptcy Prediction