Karminsky Alexander: Rating model opportunities for emerging markets.
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Abstract
Ratings are in high demand in market-driven economies. The Basel II Accords have sparked increased interest in the development of approaches based on internal ratings systems. They have initiated the elaboration of models for remote ratings forecast based on external ones as part of Risk Management Systems and Early Warning Systems. This article evaluates peculiarities of current ratings systems and specific issues of development of econometrical rating models (order probit) for emerging market companies. Financial indicators, market-value appraisals and macroeconomic indicators of different countries are used as explanatory variables. Standard & Poor’s and Moody’s ratings are considered as modeling ratings. The sample was based on data from an information agency as well as the rating agencies, and related to companies from almost 40 countries.
| Item Type: | Conference or Workshop Item |
|---|---|
| Journal or Publication Title: | Proceedings of the Challenges for Analysis of the Economy, the Businesses, and Social Progress : International Scientific Conference Szeged, November 19-21, 2009 |
| Date: | 2010 |
| ISBN: | 978-963-06-9558-9 |
| Page Range: | pp. 599-616 |
| Related URLs: | http://acta.bibl.u-szeged.hu/57418/ |
| Uncontrolled Keywords: | Ökonometriai modell, Pénzügyi kockázat |
| Additional Information: | Bibliogr.: p. 614-616. ; összefoglalás angol nyelven |
| Date Deposited: | 2019. Apr. 25. 09:27 |
| Last Modified: | 2022. Nov. 08. 13:09 |
| URI: | http://acta.bibl.u-szeged.hu/id/eprint/57827 |
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