This book describes various approaches in modelling financial risks and compiling ratings. Focusing on emerging markets, it illustrates how risk assessment is performed and analyses the use of machine learning methods for financial risk assessment and measurement. It not only offers readers...

Part I: Banks in Emerging Markets -- Peculiarities and Trends of Banking Systems Development -- Regulation of Financial Risks in Emerging Markets: Past, Present and Future -- Part II: Ratings and Risk Measuring -- Principles of Rating Estimation in Emerging Countries -- Aggregation of Rating...

This paper examines the effects of controlling shareholders on corporate fraud. Using a sample of Chinese listed firms for 2004-2019, we find that the absence of an ultimate controlling shareholder increases the risk of corporate fraud. We use an instrumental variable approach to alleviate the...