In a recent working paper, Dr Elisabeth Van Laere and Prof Bart Baesens provide a comprehensive analysis on the credit ratings of banks by Moody’s and Standard & Poor’s (S&P). More specifically, the research team has investigated how different factors influence the assignment of S&P and Moody’s long term bank ratings using a unique data set covering different regions, bank sizes, and bank types. By including new bank and country specific variables, the authors clearly show that Moody’s and S&P’s bank ratings are based on different input parameters.
High Impact Low Probability Events This presentation will demonstrate that companies' fortunes in the face of business shocks depend more on choices made before the disruption than they do on actions taken in the midst of it. He shows that inve...
By and large, corporations of the 21st century have come to realize that their obligations to societies in terms of corporate social responsibility are fourfold: economic, ethical, altruistic and strategic. Meeting these four responsibilities is crucial to their survival in their various markets and industries; it also requires them to rewrite their previously less socially responsible business models in order to do so. With contributions from a creme de la creme of scholars from 12 countries, "Innovative CSR" gathers together a cornucopia of innovative practices that will be essential reading for academics and practitioners alike.
The recent crisis has been considered as the result of a systemic risk in the financial markets. The European Central Bank (ECB) has been targeted by the de Larosière Report to set up a special entity to track this type of risk and this focus on systemic risk is not unique. Regulatory authorities in USA and Canada are also asking themselves who should track this systemic risk. But what is systemic risk?
Podcast on Risk and Performance Management Listen to our podcast with topics in the management domain Risk and Performance Management. Learn more about the modern CFO, Performance Management and much more.