This paper studies the use of performance pricing (PP) provisions in debt contracts and compares accounting-based with rating-based pricing designs. We find that rating-based provisions are used by volatile-growth borrowers and allow for stronger spread increases over the credit period....

This paper studies the use of performance pricing (PP) provisions in debt contracts and compares accounting-based with rating-based pricing designs. We find that rating-based provisions are used by volatile-growth borrowers and allow for stronger spread increases over the credit period....

This paper studies the use of performance pricing (PP) provisions in debt contracts and compares accounting-based with rating-based pricing designs. We find that rating-based provisions are used by volatile-growth borrowers and allow for stronger spread increases over the credit period....

Az Európai Unió zöldség-gyümölcs piacszabályozása meghatározó szerepet szán a TÉSZ-eknek a termékpálya koordinálásában, ennek ellenére piaci részesedésük nem emelkedett érdemben az elmúlt években sem Magyarországon, sem az Európai Unióban. A cikk nyomon követi a...

The issue of how companies are financed, notably small companies, has been a recurring topic in the news and in numerous surveys and studies. It is especially relevant in the wake of the recent financial crisis. By using a table of aggregate revenue and expenditure developed by the Central...

Credit risk evaluation or loan default risk evaluation is important to financial institutions which provide loans to businesses and individuals. Credit and loans have risk of being defaulted. To understand risk levels of credit users (corporations and individuals), credit providers (bankers)...