0000000001231363
AUTHOR
Giambona Francesca
A Discrete-Time Hazard Model for Loans: Some Evidence from Italian Banking System
Problem statement: The probability of default, PD, is a crucial probl em for banks. In the last years international accords (Basel, Basel 2 an d Basel 3) have incentived banks to adopt objective s systems to evaluating and monitoring risk of defaul t in order to predict PD for new loans based on borrower's characteristics. The aim of this study i s to introduce a discrete survival model to study t he risk of default and to propose the empirical eviden ce by the Italian banking system. Approach: Survival analysis is used if we are interested in w hether and when an event occurs. In this context th e event occurrence represents a borrower's transition from one state, loan in bonis that is not…
The economic impact of the EFF on the competitiveness of Sicilian fish companies
The measure 2.3 of the European Fisheries Fund, in Sicily, claimed investments of fish companies in production capacity expansion and modernization of fish processing. Have these investments been effective in supporting the competitiveness of these companies and have they influenced the economic sustainability of the regional seafood chain? Proposed analysis contributes to this assessment through an exploratory survey and a review of the changes in their business performance.