IDEAS home Printed from https://ideas.repec.org/a/rsr/supplm/v61y2013i3p171-179.html
   My bibliography  Save this article

The Credit Risk

Author

Listed:
  • Vergil VOINEAGU

    (Academy of Economic Studies Bucharest)

  • Danut CULETU

    („Andrei Saguna” University of Constanta)

  • Zoica DINCA (NICOLA)

    („Artifex” University of Bucharest)

Abstract

At a conceptual level, the credit risk is a component of market risk. It can occur as a result of two causes: the issuing company does not want/can no longer meet its obligations; damage to the issuing company's rating, which results in lowering the price of shares in the company in question. Both of these causes are closely linked with the risk of default that is exposed when the investor invests in shares or bonds of a company.

Suggested Citation

  • Vergil VOINEAGU & Danut CULETU & Zoica DINCA (NICOLA), 2013. "The Credit Risk," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(3), pages 171-179, September.
    • Handle: RePEc:rsr:supplm:v:61:y:2013:i:3:p:171-179
    as

    Download full text from publisher

    File URL: http://www.revistadestatistica.ro/suplimente/2013/3_2013/srrs3_2013a21.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Treacy, William F. & Carey, Mark, 2000. "Credit risk rating systems at large US banks," Journal of Banking & Finance, Elsevier, vol. 24(1-2), pages 167-201, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrea Sironi, 2001. "An Analysis of European Banks' SND Issues and its Implications for the Design of a Mandatory Subordinated Debt Policy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 20(2), pages 233-266, October.
    2. Edward I. Altman & Herbert A. Rijken, 2005. "The Impact of the Rating Agencies’ Through‐the‐cycle Methodology on Rating Dynamics," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 34(2), pages 127-154, July.
    3. Balios, Dimitris & Thomadakis, Stavros & Tsipouri, Lena, 2016. "Credit rating model development: An ordered analysis based on accounting data," Research in International Business and Finance, Elsevier, vol. 38(C), pages 122-136.
    4. Gabriel Jiménez & Steven Ongena & José‐Luis Peydró & Jesús Saurina, 2014. "Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking?," Econometrica, Econometric Society, vol. 82(2), pages 463-505, March.
    5. Matthew Sackett & Sherrill Shaffer, 2006. "Substitutes versus complements among credit risk management tools," Applied Financial Economics, Taylor & Francis Journals, vol. 16(14), pages 1007-1017.
    6. T H Moon & Y Kim & S Y Sohn, 2011. "Technology credit rating system for funding SMEs," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(4), pages 608-615, April.
    7. Richard Brody & Matias Sokolowski & Reilly White, 2021. "The Potential for Biases in Resolving Loan Problems," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 10(3), pages 57-66, July.
    8. Ivanov, Ivan T. & Zimmermann, Tom, 2024. "The “Privatization” of municipal debt," Journal of Public Economics, Elsevier, vol. 237(C).
    9. Mazni Asrida Abdullah & Azlina Ahmad & Nor Azam Mat Nayan & Zubir Azhar & Abd-Razak Ahmad, 2020. "Credit Risk Assessment Models of Retail Microfinancing: The Case of a Malaysian National Savings Bank¡¯s Branch," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(3), pages 73-83, June.
    10. Gabriel Jiménez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2017. "“In the Short Run Blasé, In the Long Run Risqué”," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(3), pages 181-226, August.
    11. Matthew J. Higgins & Donald J. Lacombe & Briana S. Stenard & Andrew T. Young, 2021. "Evaluating the effects of Small Business Administration lending on growth," Small Business Economics, Springer, vol. 57(1), pages 23-45, June.
    12. Maximilian J.B. Hall, 2001. "The basle Committee's proposals for a new capital adequacy assessment framework: a critique," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 54(217), pages 111-179.
    13. Grunert, Jens & Norden, Lars & Weber, Martin, 2005. "The role of non-financial factors in internal credit ratings," Journal of Banking & Finance, Elsevier, vol. 29(2), pages 509-531, February.
    14. Dimitris Gavalas & Theodore Syriopoulos, 2014. "Bank Credit Risk Management and Migration Analysis; Conditioning Transition Matrices on the Stage of the Business Cycle," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(2), pages 151-166, May.
    15. Patrycja Chodnicka-Jaworska, 2018. "Banks’ Credit Ratings – the Impact of the Investor Type," Faculty of Management Working Paper Series 12018, University of Warsaw, Faculty of Management.
    16. Yuan, Hongqi & Zhou, Yiyuan & Zou, Hong, 2022. "Serving multiple ‘masters’: Evidence from the loan decisions of a publicly listed state-owned bank around a massive economic stimulus programme," Journal of Corporate Finance, Elsevier, vol. 72(C).
    17. Maté-Sánchez-Val, Mariluz & López-Hernandez, Fernando & Mur-Lacambra, Jesús, 2017. "How do neighboring peer companies influence SMEs’ financial behavior?," Economic Modelling, Elsevier, vol. 63(C), pages 104-114.
    18. Chand, Rewa, 2006. "Problems Faced by Financial Institutions and Borrowers in House Financing," MPRA Paper 116445, University Library of Munich, Germany, revised 11 Dec 2022.
    19. Hanson, Samuel & Schuermann, Til, 2006. "Confidence intervals for probabilities of default," Journal of Banking & Finance, Elsevier, vol. 30(8), pages 2281-2301, August.
    20. Dezső, Linda & Loewenstein, George, 2012. "Lenders’ blind trust and borrowers’ blind spots: A descriptive investigation of personal loans," Journal of Economic Psychology, Elsevier, vol. 33(5), pages 996-1011.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rsr:supplm:v:61:y:2013:i:3:p:171-179. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adrian Visoiu (email available below). General contact details of provider: https://edirc.repec.org/data/stagvro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.