کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5089388 1375591 2013 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Effects of debt collection practices on loss given default
ترجمه فارسی عنوان
اثرات اقدامات جمع آوری بدهی در از دست دادن به طور پیش فرض
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

In this article, we propose an LGD model that is solely based on legal and internal debt collection actions. Our model is supported by empirical tests in which it performs better than a usual firm specific model. This result is noteworthy when we recall that the model has only binary variables that indicate whether an action was taken. Our model can be applied to update the LGD of distressed firms in a timely manner reflecting the actions taken during the debt collection period. It also can be used to assess the effect of a recovery action and to determine whether to apply an action to certain types of debt.

► We propose an LGD model based on legal and internal debt collection actions. ► Our model performs better than a firm specific model in both in- and out-of-samples. ► Combining two models further improves explanatory power and prediction accuracy. ► LGD of distressed debts can be continuously updated reflecting the actions applied. ► Cost and benefit of a recovery action can be assessed via our model.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 37, Issue 1, January 2013, Pages 21-31
نویسندگان
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