Venture capitalists are investing their money in portfolio enterprises and hence are putting their capital at risk. As portfolio enterprises may pursue different objectives than those of their financiers, venture capitalists may perceive agency problems as an important risk factor. Venture capitalists can limit the scope of these risks by specifying the form of financing that they provide to po...

Peer group analysis is a new tool for monitoring behavior over time in data mining situations. In particular, the tool detects individual objects that begin to behave in a way distinct from objects to which they had previously been similar. Each object is selected as a target object and is compared with all other objects in the database, using either external comparison criteria or internal cri...

Fraud is a multi-billion dollar industry that continues to grow annually. Many organizations are poorly prepared to prevent and detect fraud. Fraud detection strategies are intended to quickly and efficiently identify fraudulent activities that circumvent preventative measures. In this paper, we adopt a DesignScience methodological framework to develop a model for detection of vendor fraud base...

We investigate whether riskier European countries compensate their debtholders properly by paying sufficiently higher bond yields than those of safer countries, during and after the sovereign debt crisis 2010–2012. Using relative pricing between credit default swap (CDS) spreads yields, we show that an inconsistent cross-sectional relationship risk emerges period for all countries. However, ann...

Abstract Credit supply expansion boosts housing speculation and amplifies the cycle. The surge in private-label mortgage securitization 2003 fueled a large credit by lenders financed with noncore deposits. Areas more exposed to these experienced relative rise transaction volume driven small group of speculators, areas simultaneously witnessed an amplified boom bust. Consistent importance belief...

In the development of Islamic economics, especially banking transactions, legal certainty is required regarding whether product transaction activities may be carried out or not, considering that there no text can referred to for this activity. Under these conditions, process determining maslahah mursalah law used as an alternative method in cash swipe transactions which are a form deviation fro...

It has been argued that transaction trust is composed of party trust and control trust. In this paper we study control trust: trust in an institution that has set up a control mechanism. We present an account of control mechanisms using normative multiagent systems. Control mechanisms consist of constitutive norms which define evidential documents, and regulative norms which define violation co...

This research focuses on how to build a segmentation model for credit customers identify the potential defaulting based their transaction history. Currently, there is no available this possibility of payment failure. Credit scoring helps in minimizing risk when applying credit. However, using RFM (Recency, Frequency, Monetary) models score each variable customer's financial activity. K-means th...