Nonlinear synthesis approach establishing a banking or financial distress early warning signal against corruption

Terence O'Neill, Jack H W Penm, Richard Terrell

Research output: Chapter in Book/Report/Conference proceedingChapterResearchpeer-review

Abstract

Extract: Financial distress is often caused by default or credit-rating changes of the counterparty and the resulting credit risk. By measuring the credit risk technology, we can identify the default rate of the counterparty in the event of default and the impact it may have on company losses. In recent years, some publicly listed companies in Shanghai have announced restructuring, default, or delisting without warning. These financial distress events clearly challenged both the authority capacity of the Commissioner and the capacity of investors to respond in the face of confusing information and the lack of ability to measure risk, resulting in high social costs. Therefore, it is important to raise investors' credit risk awareness prior to establishing a financial distress early warning system, so advanced firms may change a deal, or if there is an indication of financial distress, investors may reduce a preventable loss. Establishment of an appropriate financial distress early warning system is the most urgent of issues.
Original languageEnglish
Title of host publicationEmerging markets
Subtitle of host publicationPerformance, analysis and innovation
EditorsG. N. Gregoriou
Place of PublicationBoca Raton, USA
PublisherTaylor & Francis
Pages755-776
Number of pages22
ISBN (Electronic) 9781439804506
ISBN (Print)9781439804483
DOIs
Publication statusPublished - 2010

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    O'Neill, T., Penm, J. H. W., & Terrell, R. (2010). Nonlinear synthesis approach establishing a banking or financial distress early warning signal against corruption. In G. N. Gregoriou (Ed.), Emerging markets: Performance, analysis and innovation (pp. 755-776). Taylor & Francis. https://doi.org/10.1201/9781439804506-c38