539 Results Found

This study aims to test financial literacy and credit conditions in determining formal credit access to determine the performance of MSMEs. This research includes the type of associative research that is accompanied by hypothesis testing. This resear...

In 2012, China issued the “Green Credit Guidelines” policy to guide the green transformation of companies, and at the same time, the investment and financing behaviors of heavy polluters during the green transition have received widesprea...

This study examines the short- and long-run effects of corporate social responsibility (CSR) activities on the credit risk implied in credit derivative prices. Measuring the different term effects on credit risk by the slope of credit default swap (C...

This study examines the long-term financial sustainability of commercial banks, emphasizing the crucial role of credit risk management. Given that the core function of credit creation inherently exposes banks to credit risk, this analysis evaluates h...

Undoubtedly, it is important to have an empirically effective credit risk rating method for decision-making in the financial industry, business, and even government. In our approach, for each corporate bond (CB) and its issuer, we first propose a cre...

The state of Arizona has created a unique water management tool in response to water scarcity and population growth. In 1994, Arizona’s state legislature authorized the creation of long-term storage credits (LTSCs) through aquifer recharge with...

The purpose of this paper is to assess and predict sovereign credit risk for Egypt, Morroco and Saudi Arabia using credit default swap (CDS) spreads obtained from the DataStream database for the period from 2009 to 2022. Our approach consists of gene...

We apply Geometric Arbitrage Theory (GAT) to obtain results in mathematical finance for credit markets, which do not need stochastic differential geometry in their formulation. The remarkable aspect of the GAT is the gauge symmetry, which can be tran...

This study examines the impact of changes in the yield curve factors on the Credit Default Swap (CDS) spreads of the U.S. industrial sectors. Stock returns and the crude oil-based volatility index are used in a quantile regression framework to test t...

How to promote technological innovation with green finance policy has been a focal topic in the global green finance field in recent years. Using the difference-in-difference approach model, this paper investigated the impact of the Green Credit Guid...

“Green economy and sustainable development” has become the focus of contemporary world economic development. As an important part of green financial instruments, green credit has become a hot topic. This paper investigates whether the Gre...

This study extracts the common factors from firm-based credit spreads of major Japanese corporate bonds and examines the predictive content of the credit spread on the real economy. Instead of employing single-maturity corporate bond spreads, we focu...

Credit card (CC) fraud has been a persistent problem and has affected financial organizations. Traditional machine learning (ML) algorithms are ineffective owing to the increased attack space, and techniques such as long short-term memory (LSTM) have...

Banks make profits from the difference between short-term and long-term loan interest rates. To issue loans, banks raise funds from capital markets. Since the long-term loan rate is relatively stable, but short-term interest is usually variable, ther...

Euro Area banks have been confronted with unprecedented monetary policy actions by the ECB. Monetary policy may affect bank risk profiles, but the consequences may differ for short-term risk versus long-term or structural bank risk. We empirically in...

One of the most popular cure rate models in the literature is the Berkson and Gage mixture model. A characteristic of this model is that it considers the cure to be a latent event. However, there are situations in which the cure is well known, and th...

Trade credit is a crucial component of supply chain financing, enabling businesses to manage cash flow and optimize inventory levels. This study delves into the application and implications of multiple trade credit types with different repayment peri...

We examined the effects of access to public debt on the corporate financing decisions in real estate investment trusts (REITs) using a difference-in-differences approach and a propensity score approach. The introduction of credit ratings by S&P a...

Against the backdrop of working hard to build a beautiful country, this paper uses the promulgation of the “Green Credit Guidelines” policy in China as a quasi-natural experiment. Based on a difference-in-differences (DID) model, the resu...

This paper surveys the diverse effects of consumer credit on household carbon emissions (HCEs) based on consumption patterns revealed by urban Chinese survey data. Based on the foundation of existing literature, consumption patterns and influential f...

From the perspective of the policy impact effect, this paper takes green enterprises as the treatment group and polluters as the control group. Firstly, the double difference method (DID) was adopted to study the effect of green credit policy on ente...

The national targets of reaching carbon peak in 2030 and carbon neutrality in 2060 propose higher requirements for energy conservation and emission reduction of China’s automobile industry. As an important measure for the government, the fuel consump...

Choosing appropriate environmental protection strategies is important in improving enterprises’ economic and environmental performance. Based on the data of A-share listed enterprises from 2009 to 2019 in China, this paper uses the difference-i...

A scientifically systematic credit evaluation system serves as a crucial safeguard mechanism for maintaining a healthy business environment in the construction market, effectively regulating industry entities’ behaviors and promoting ecosystem...

How to promote renewable energy investment is central to energy transformation and green development. To take China’s “green credit guidelines” policy as a quasi-natural experiment, we investigate the impacts of green credit policy on renewable energ...

Medium-sized Enterprises (MEs) are a limited number of Small and Medium-sized Enterprises (SMEs) in EU-28 countries, but they contribute greatly to value added and employment. They are also key to pursuing sustainable local development in terms of gr...

We study the relationship between green credit and ecological welfare performance, green credit’s mechanism, and future trends of ecological welfare performance in China. We aim to determine whether the green credit policy has a positive or neg...

The paper considers the sustainable trade credit and inventory policies with demand related to credit period and the environmental sensitivity of consumers under the carbon cap-and-trade and carbon tax regulations. First, the decision models are cons...

This study aimed to investigate the association between corporate governance characteristics, shariah governance characteristics, and the credit rating of Asian Islamic banks. To do so, we collected data from 22 banks during the 2006–2018 perio...

Herein, an evolutionary game model involving the government and practitioners during the registration phase was constructed based on the bounded rationality assumption of prospect theory. The evolutionary stability of equilibrium points was explored...

The aim of this study was to examine the impact of environmental, social, and governance (ESG) measures on credit ratings given to non-financial institutions by the largest credit rating agencies according to economic sector divisions. The hypotheses...

Green development is an inevitable trend of sustainable development: how does it affect green economic growth as the main channel of green project financing and the core force of building a green financial system? The present article measures the rel...

Credit Default Swap (CDS) spread is a realistic measure of credit risk. Changes in the spreads showcase changes in the underlying uncertainty or credit volatility regarding the credit risk, associated with the asset class. We use Multifractal Detrend...

Rural credit is very important to the increase of farmers’ income and the development of rural economy, and it has attracted wide attention from scholars. Many scholars have paid attention to the impact of social capital on farmers’ credi...

In this paper, we study the valuation of power exchange options with a correlated hybrid credit risk when the underlying assets follow the jump-diffusion processes. The hybrid credit risk model is constructed using two credit risk models (the reduced...

The Republic of Korea is the fastest aging country in the world, and its silver market, which is the market segment broadly defined as senior citizens, began to emerge in 2008 as Korean baby boomers started to retire. Given that the assets of househo...

This article uses the “Green Credit Guidelines” promulgated in 2012 as an example to construct a quasi-natural experiment and uses the double difference method to test the impact of the implementation of the “Green Credit Guidelines...

Farmers use credit from commercial credit providers to finance production activities. Commercial credit providers have to predict the financial sustainability of the enterprise to ensure that the borrower will have the ability to repay the loan. A De...

Dual credit policy (DCP) is a market-based mechanism introduced by the Chinese government to promote the new energy vehicle (NEV) industry and improve energy savings in China. To offer sufficient impetus for the NEV industry while providing sufficien...

This work aims to illustrate an advanced quantitative methodology for measuring the credit risk of a loan portfolio allowing for diversification effects. Also, this methodology can allocate the credit capital coherently to each counterparty in the po...

We investigate the impact of green credit policies on pollution-intensive enterprises from a new perspective. Empirically, we utilize the issuance of China’s green credit policy in 2012 to construct a quasi-natural experiment. The results show...

Compared to other categories, the Energy and Atmosphere category contributes the most to the maximum obtainable points in the Leadership in Energy and Environmental Design (LEED) certification system. The objective of the study was to identify the ex...

This study analyzes the term structures of sovereign quanto credit default swap (CDS) spreads and currency options, which are driven by anticipated currency depreciation risk following sovereign credit default (Twin Ds). We develop consistent pricing...

This study examines the relationship between environmental risk and corporate bond credit ratings, and the moderating effect of market competition. We focus on Korean firms that are facing increasing risk of environmental crisis after the COVID-19 pa...

The dual credit policy is currently the main starting point for China to achieve the green and sustainable development of the auto market. However, the policy’s impact on future market development remains unclear. It is necessary to consider th...

Credit supervision of practitioners in the water conservancy construction market, a vital pillar of national infrastructure development, significantly impacts project safety and the maintenance of order in the industry. From the perspective of indire...

All countries worldwide faced the COVID-19 pandemic and had to take actions to lower the economic shock. Financial authorities play an especially significant role in economics and can help to manage the negative consequences. This article focuses on...

With the proliferation of mobile devices and payment systems in modern financial services, there is an increasing need to process and analyze continuous streams of transaction data for credit risk assessment. Leveraging the inherent symmetries in fin...

The use of credit cards plays a crucial role in cash management and in meeting the needs for individual and commercial customers due to the spread of risks to the future by making monthly instalments instead of cash transactions. The use of credit ca...

Using an aggregate credit spread index, we find that it has substantial predictive power for corporate bond returns over short and long horizons. The return predictability is economically and statistically significant and robust to various controls....