Credit risk and Basel II: are nonprofit firms financially different?
We estimate a model of credit risk for portfolios of small and medium-sized enterprises, conditional on being a nonprofit (NP) or for-profit (FP) firms. The estimation is based on a unique data set on Italian firms provided by a large commercial bank. We show that the main variables to identify creditworthiness are different for NP and FP firms. Traditional balance sheet information seems to be less crucial for NP firms.
Volume (Year): 4 (2008)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAFL20 |
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAFL20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dirk Czarnitzki & Kornelius Kraft, 2007.
"Are credit ratings valuable information?,"
Applied Financial Economics,
Taylor & Francis Journals, vol. 17(13), pages 1061-1070.
- Mario Quagliariello, 2007. "Banks' riskiness over the business cycle: a panel analysis on Italian intermediaries," Applied Financial Economics, Taylor & Francis Journals, vol. 17(2), pages 119-138.
- Bocchi Lorenzo & Lusignani Giuseppe, 2004. "Le nuove regole di "Basilea2": prime valutazioni di impatto sul rapporto banca-impresa in Italia," Banca Impresa Società, Società editrice il Mulino, issue 2, pages 209-238.
When requesting a correction, please mention this item's handle: RePEc:taf:apfelt:v:4:y:2008:i:3:p:199-203. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.