Does crisis affect credit risk in developing countries?The Case of the Jordanian Market
Journal Title: Journal of Research in Emerging Markets - Year 2019, Vol 1, Issue 1
Abstract
At the core of the recent global financial and economic crisis marked by its magnitude, credit risk turned out to be a powerful catalyst. The objective of this paper is mainly to follow up on the evolution of credit risk on the Jordanian market during the recent economic and financial international crisis. Based on the linear discriminant Z-Score model and KMV structural model, we recognize the increase in credit risk during the crisis period. On the whole, the confrontation between models highlights the robust correlation between the accounting results of a company and its market value and therefore indicates the need to consider the macroeconomic context in an open economy for the evaluation of the risk of credit.
Authors and Affiliations
Kouzez Marc, Lecointre-Erickson Danielle
Bank credit and economic activity in a developing economy
The importance of bank credit to financing economic activity and development has been the subject of empirical analysis for decades. This paper contributes to the debate by evaluating the effect of bank credit on economi...
Examining the Effectiveness of Neuro-Linguistic Programming (NLP) techniques in improving Emotional Intelligence (EI) scores
Purpose – Whether selected NLP techniques can improve EI scores. (Although there are many self-development training courses advertised on the internet claiming to be able to improve EI, yet no credible research has been...
Organizational environment best practices: Empirical evidence from the UAE
The present study is a modest attempt to bridge the gap between the rich western theories and the under-researched eastern contexts, namely UAE and to deeply explore the organizational practices and the quality of work-l...
Women Entrepreneurs and Survival of Small–Scale Enterprises in Nigeria
Women entrepreneurs participate in total entrepreneurial activities. The objective of this paper is to assess the women entrepreneurs and survival of small scale enterprises (SSEs) in Nigeria. One Hundred and Twenty Eigh...
The (lack of) momentum effect in the UAE stock market
We investigate the momentum effect in the United Arab Emirates equity returns. Using a dataset of 124 firms listed in the UAE stock markets in the period January 2004 – March 2019, we form portfolios from one-way sorts o...