Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Financial stability and financial risks

Accounting-based Credit-scoring models: Econometric Investigations

This PhD thesis consists of four chapters, which can be read independently. All chapters fall within the field of accounting-based credit-scoring models. Chapter 1 focus on a number of analytical and modelling issues, and it sets up a credit-scoring model for Danish non-financial firms. Chapter 2 investigates the determinants of corporate failure in Italian, Spanish and French small and medium-sized companies. Chapter 3 discusses the specification of credit-scoring models and provides a framework for the investigation of various specification issues. Chapter 4 analyses the consequences on the calculated capital requirements of setting up single-country versus multi-country credit-scoring models.