Journal of Risk Finance: Volume 17 Issue 2

Survival analysis of supply chain financial risk

Scott Dellana, David West

The purpose of this paper is to apply survival analysis, using Cox proportional hazards regression (CPHR), to the problem of predicting if and when supply chain (SC) customers or…

The relevance of credit ratings over the business cycle

Christian Fieberg, Richard Lennart Mertens, Thorsten Poddig

Credit market models and the microstructure theory of the ratings market suggest that information provided by credit rating agencies becomes more relevant in recessions when…

CDS and bank ownership structures: does the credit side show who advocates more risk?

Dennis Froneberg, Florian Kiesel, Dirk Schiereck

This study aims to investigate whether ownership compositions effect credit risk profiles of banks prior to and during the financial crisis. In detail, this study examines whether…

Credit risk signals in CDS market vs agency ratings

Michael Jacobs Jr, Ahmet K. Karagozoglu, Dina Naples Layish

This research aims to model the relationship between the credit risk signals in the credit default swap (CDS) market and agency credit ratings, and determines the factors that…

Process landscape and efficiency in non-life insurance claims management: An industry benchmark

Nils Mahlow, Joël Wagner

In view of the fact that claim payouts account for about 70 per cent of annual direct costs in non-life insurance companies and that claims-handling staff sums up to 10-20 per…

Capital structure dynamics among SMEs: Swedish empirical evidence

Darush Yazdanfar, Peter Öhman

This paper aims to empirically investigate the existence of dynamic capital structure among small and medium-sized enterprises (SMEs) across their life cycle stages.