Study on the Mechanism of Enterprise Group’s Credit Risk Contagion

2016 ◽  
Vol 13 (10) ◽  
pp. 7680-7683
Author(s):  
Yinjiu Qiao ◽  
Ke Yuan
Keyword(s):  
Credit Risk ◽  
Enterprise Group ◽  
Economic Environment ◽  
Production Mechanism ◽  
Structured Model ◽  
Multi Index ◽  
The Face ◽  
Enterprise Groups ◽  
Credit Risk Contagion

In the face of today’s credit risk contagion problems of enterprise group, only through combining macroscopic economic environment with microscopic credit risk contagion mechanism of enterprise group can the macro-source and production mechanism of enterprise group’s credit risk contagion be clearly observed. This paper constructs multi-index hierarchically structured model through analysis of quantifiable weight determining mechanism to analyze the credit risk contagion mechanism of enterprise groups, and obtains the source and proportion of the credit risk of enterprise group generated under the influence of national macro-environment, and then analyzes the credit risk contagion mechanism of enterprise groups.

Study on the Credit Risk Contagion Mechanism of Enterprise Group’s Guarantee Behavior of Cellular Automation Simulation

2017 ◽  
Vol 14 (1) ◽  
pp. 764-767
Author(s):  
Feng Li ◽  
Ke Yuan
Keyword(s):  
Credit Risk ◽  
Enterprise Group ◽  
Abstract Theory ◽  
Cellular Automation ◽  
Important Means ◽  
Credit Risk Contagion

There is usually a transaction behavior of parent-subsidiary corporation’s connected guarantee inside enterprise group, and this credit risk has become an important means of contagion within the group. From the perspective of abstract theory, and aiming at the mechanism of the internal credit risk contagion of enterprises, this paper studies the possible gap between the elements like actual debt, stock equity and deadline, and provides powerful reference for the debt guarantee behavior between parent corporation and subsidiary corporation, thus better serving the study on debt risk issues.

Zaihoum Threshold of Credit Risk Contagion within Enterprise Groups

2020 ◽  
Vol 104 (sp1) ◽  
Author(s):  
Yongming Liu ◽  
Yuqing Cui ◽  
Bulei Yu
Keyword(s):  
Credit Risk ◽  
Enterprise Groups ◽  
Credit Risk Contagion

Knowledge in the Shrinking Commons

2016 ◽  
pp. 358-379
Author(s):  
Luke Bassuener
Keyword(s):  
Open Access ◽  
Physical Space ◽  
Economic Environment ◽  
Market Forces ◽  
Self Directed Learning ◽  
The Public ◽  
The Face ◽  
Directed Learning ◽  
Market Driven

Libraries and Open Access function in a variety of ways to make information freely available to the public, but the current era of market-driven globalization has reshaped the economic environment, and threatens to undermine their principle mission. The defining characteristic of this threat is the treatment of knowledge as a commodity. The idea of open access and the institution of the library exist as sources of self-directed learning and as representatives of the shrinking commons in the face of encroaching market forces. Libraries face challenges of relevance in regard to technology, budgets, privatization, and physical space. Open Access must find ways to define itself coherently—as publishers, researchers, libraries and businesses all try to manipulate the concept to fit their needs. This chapter looks at the shared obstacles and objectives of libraries and the open access movement, and analyzes some of the efforts being made to address current challenges and work toward a future of collaboration and continued relevance.

Reflections on Further Thoughts

Slavic Review ◽  
1975 ◽  
Vol 34 (4) ◽  
pp. 803-803
Author(s):  
Holland Hunter
Keyword(s):  
Economic Environment ◽  
The Political ◽  
Political Structure ◽  
The Face ◽  
Major Figure ◽  
High Level

Messrs. Davies and Wheatcroft add useful perspective to the discussion in the June 1973 issue of the Slavic Review. I am particularly impressed with their description of how initial enthusiasm among some staff technicians led after a year or two to overoptimism at higher levels that alarmed even the initial enthusiasts. The sorcerer’s apprentice in this case was not a junior underling but a determined major figure. Unfortunately, the sequential transmission of overoptimism upward in the political structure took place precisely during a period when the surrounding economic environment was becoming less, favorable. By the time the first plan was issued, its overoptimism embodied high-level desperation in the face of technically informed skepticism.

scholarly journals Credit Risk Contagion Based on Asymmetric Information Association

Complexity ◽  
2018 ◽  
Vol 2018 ◽  
pp. 1-11 ◽  
Author(s):  
Shanshan Jiang ◽  
Hong Fan ◽  
Min Xia
Keyword(s):  
Asymmetric Information ◽  
Credit Risk ◽  
Financial Market ◽  
Risk Attitude ◽  
Individual Risk ◽  
Complex Network Theory ◽  
Structure Information ◽  
The Individual ◽  
Credit Risk Contagion ◽  
Information Association

The study of the contagion law of credit risk is very important for financial market supervision. The existing credit risk contagion models based on complex network theory assume that the information between individuals in the network is symmetrical and analyze the proportion of the individuals infected by the credit risk from a macro perspective. However, how individuals are infected from a microscopic perspective is not clear, besides the level of the infection of the individuals is characterized by only two states: completely infected or not infected, which is not realistic. In this paper, a credit risk contagion model based on asymmetric information association is proposed. The model can effectively describe the correlation among individuals with credit risk. The model can analyze how the risk individuals are infected in the network and can effectively reflect the risk contagion degree of the individual. This paper further analyzes the influence of network structure, information association, individual risk attitude, financial market supervision intensity, and individual risk resisting ability on individual risk contagion. The correctness of the model is verified by theoretical deduction and numerical simulation.

scholarly journals AN EVOLVING NETWORK MODEL OF CREDIT RISK CONTAGION IN THE FINANCIAL MARKET

2016 ◽  
Vol 23 (1) ◽  
pp. 22-37 ◽  
Author(s):  
Tingqiang CHEN ◽  
Jianmin HE ◽  
Xindan LI
Keyword(s):  
Theoretical Analysis ◽  
Risk Aversion ◽  
Credit Risk ◽  
Network Model ◽  
Financial Market ◽  
Network Size ◽  
Clustering Coefficient ◽  
The Other ◽  
Credit Risk Contagion ◽  
Average Fitness

This paper introduces an evolving network model of credit risk contagion containing the average fitness of credit risk contagion, the risk aversion sentiments, and the ability of resist risk of credit risk holders. We discuss the effects of the aforementioned factors on credit risk contagion in the financial market through a series of theoretical analysis and numerical simulations. We find that, on one hand, the infected path distribution of the network gradually increases with the increase in the average fitness of credit risk contagion and the risk aversion sentiments of nodes, but gradually decreases with the increase in the ability to resist risk of nodes. On the other hand, the average fitness of credit risk contagion and the risk aversion sentiments of nodes increase the average clustering coefficient of nodes, whereas the ability to resist risk of nodes decreases this coefficient. Moreover, network size also decreases the average clustering coefficient.

scholarly journals THE EFFECTS OF MACROECONOMIC CONDITIONS ON LOAN PORTFOLIO CREDIT RISK AND BANKING SYSTEM INTEREST INCOME

Ekonomika ◽  
2012 ◽  
Vol 91 (3) ◽  
pp. 85-100 ◽  
Author(s):  
Ričardas Mileris
Keyword(s):  
Credit Risk ◽  
Banking System ◽  
Classification And Regression Tree ◽  
Economic Environment ◽  
Statistical Dependence ◽  
Tree Model ◽  
Loan Portfolio ◽  
Portfolio Credit Risk ◽  
Macroeconomic Conditions ◽  
Interest Income

This article presents on analysis of macroeconomic conditions in the EU countries in relation loan portfolio to credit risk and banking system interest income. The changing economic environment of banks influences their risks and activity results, so it is important to find the macroeconomic indicators that can determine the changes in debtors’ credit risk and banks’ financial condition. The banking system performs very important functions in a country’s financial system, so for its stability it is important to be able to predict the financial results of the banking system in relation to changes in the economic environment. The new Basel III Agreement seeks to improve the financial sector’s resistance to the possible negative scenarios in the economy and motivates to develop the credit risk assessment models considering their dependence on business cycles. For this reason, the statistical dependence between the set of macroeconomic factors and the loan portfolio credit risk together with interest income were estimated in this research. A statistical classification and regression tree model was developed, which allows to predict the possible changes in the interest income of a country’s banks with the 82.7% accuracy.

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