the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …

This dissertation consists of three essays which are all devoted to the credit risk of non-financial companies and … three specific aspects, which, I argue, are especially important for the credit risk of the firm, but have not been given … their due attention in past research. These are namely the dynamic control of the capital structure and the risk level of …

-transactions. These premia are credit spreads on top of the risk free interest rate and compensate investors for the expected annualized … default loss and for the risk of default losses. Focusing on the second component, the pure risk aversion premium, the paper … estimates the relative risk aversion (RRA) implied by the credit spreads and the loss distributions of 215 differently rated …

An analysis and further development of the building blocks of modern credit risk management:- Definitions of default …- Estimation of default probabilities- Exposures- Recovery Rates- Pricing- Concepts of portfolio dependence- Time horizons for risk … calculations- Quantification of portfolio risk- Estimation of risk measures- Portfolio analysis and portfolio improvement …

Risikomanagement in der Bankenindustrie befassen. Im ersten Artikel (Kapitel 2) werden die vier zur Zeit in der Praxis am …This thesis contributes to the literature on risk management in banking by presentingthree theoretically oriented … riskmanagement.In the first paper (chapter 2) we review the models of joint defaults of thecurrent industry-sponsored credit risk …

Aspekte der bankbetrieblichen Kreditentscheidung. Hier werden viele Anwendungsbeispiele diskutiert, die sich auf den Theorie …The Dissertation offers an analysis of Credit Risk and Credit Management of commercial Banks. In order to give a down …

This thesis studies the Chinese banks’ credit risk assessment using the Post Keynesian approach. We argue that bank … loans are the major financial sources in emerging economies and it is uncertainty, an unquantifiable risk, rather than … asymmetric information about quantifiable risk, as held by the mainstream approach, which is most important for the risk attached …