Empirical Study of Credit Risk Measurement in Manufacturingm Industry: Based on Financial and Market Information

摘要：

This paper aims to analyze the accuracy and effectiveness to predict the credit risk and the internal relationships between the KMV model based on market information and the Logistic model based on financial information, so that empirical basis can be provided for measuring the credit risk in manufacturing industry. This paper shows that it is feasible and advantageous to combine KMV Model with Logistic Model to measure the credit risk in manufacturing industry, by using the data of Chinese listed manufacturing companies between 2001 and 2009 as the reseach sample.

关键词： KMV model Logistic model Credit risk Manufacturing industry

作者: Tang Zhenpeng Liao Jingjing

作者单位: Fuzhou University, Fuzhou, China

会议类型: 国际会议

会议名称: The 8th International Conference on Innovation and Management(第八届创新与管理国际会议 ICIM 2011)

会议地点: 日本福冈

会议语种:英文

页码: 1120-1129

在线出版日期: 2011-11-30（万方平台首次上网日期，不代表论文的发表时间）