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
Keywords
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- EP ID EP591650
- DOI 10.30585/jrems.v1i1.327
- Views 87
- Downloads 0
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