Seidler, Jakub; Horvath, Roman; Jakubík, Petr - In: Journal of Financial Transformation 27 (2009), pp. 103-107
This article discusses the estimation of a key credit risk parameter – loss given default (LGD) – and calculates it for selected companies traded on the Prague Stock Exchange. The importance of estimating LGD stems from the fact that a lender‟s expected loss is the product of the...