We develop the model for estimating the default probabilities of banks for Russia, Belarus, Kazakhstan and Ukraine using banking statistics from 2005 to 2013. We find that a binary logit regression works best. In addition, macroeconomic and institutional factors significantly improve model accuracy. The results indicate that there are significantly different sources of risk in banking in the co...

This paper presents the results of a financial ratio survey conducted by the National Wooden Pallet and Container Association (NWPCA) in 1997 for the 1996 tax year. Financial information obtained from NWPCA member and nonmember firms was used to construct financial ratios and measures of business performance for the wood pallet industry. Ten ratios common to the NWPCA survey, Robert Morris Asso...

Two parallel analyses are carried out in order to assess the degree of integration of financial markets within Europe, within East Asia, between these two regions, and with the external financial community. The investigation is based on cointegration and Granger causality techniques, to detect the presence of short-run and long-run cross-country relationships in equity and bond markets. The emp...

permitted to offer only a limnited nanuge of financial services. At the sanue time, fir-ms enugaged in muonfinancial activities, as well as somne in financial industries, have not been pernnitted to owmu banks. Such restrictions were intended to limit the misk of bank failure, to avoid conflicts of intem-est and to prevent undue concentn-ation of financial power-.’ In r-ecent years, however-, t...

abstract in the past few years, diversification has turned into a highly controversial issue amongst numerous managers in almost each and every business. it is contended by many that diversification is vitally important and highly effective especially when it comes to evaluating the financial performance. there are several studies about the relationship between diversification and financial per...

Background and Objectives Parents of sons and daughters with disabilities have ongoing financial burdens and vulnerability due to the demands of caregiving responsibilities and their related direct and indirect costs. This study aims to investigate whether midlife and older parents of individuals with a mental health problem or a developmental disability were particularly vulnerable to the imp...

In this paper we examine and compare the problem of safety and soundness regulation in two industries that have dominated the headlines in recent years—nuclear power and financial services. In both industries, a major purpose of regulation and supervision is the prevention of excessive risk taking which can result in extraordinary harm to society. While clearly important industries in their own...

The operating status of an enterprise is disclosed periodically in a financial statement. Financial distress prediction is important for business bankruptcy prevention, and various quantitative prediction methods based on financial ratios have been proposed. This paper presents a financial distress prediction model based on wavelet neural networks (WNNs). The transfer functions of the neurons i...

Specifically, we deal with a ranking problem with a collection of financial reports, in which each report is associated with a company. By using text information in the reports, which is so-called the soft information, we apply learning-to-rank techniques to rank a set of companies to keep them in line with their relative risk levels. In our experiments, a collection of financial reports, which...

With this study we are the first to systematically compare today’s two major counterparts as a source of accounting and financial data for researchers: Compustat North America by Standard & Poor’s and Worldscope by Thomson Financial. This investigation is conducted for U.S. and partly Canadian data over an extensive period from 1985 to 2003. We examine more than 650 data items available in both...