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Application of Discriminate Analysis in Credit Ratings
×÷Õß: Li, H (Li Hui)[ 1 ] ; Lin, CQ (Lin Changqing)
±àÕß: Tang, HY
À´Ô´³ö°æÎï: PROCEEDINGS OF THE 5TH CONFERENCE ON CHINA'S ECONOMIC OPERATION RISK MANAGEMENT  Ò³: 77-88   ³ö°æÄê: 2011
±»ÒýƵ´Î: 0 (À´×Ô Web of Science)
ÒýÓõIJο¼ÎÄÏ×: 24      [ ²é¿´ Related Records ]     ÒýÖ¤¹ØÏµÍ¼     
»áÒé: 5th Conference on China's Economic Operation Risk Management »áÒ鵨µã: China Lixin Risk Management Res Inst, Shanghai, PEOPLES R CHINA »áÒéÈÕÆÚ: NOV 04-06, 2011
»áÒéÔÞÖúÉÌ: Shanghai Lixin Univ Commerce; Econom Res Journal; Riskchina Res Ctr; Univ Toronto
ÕªÒª: In this paper, 275 bond issuers are divided different categories according to their historical credit rates, based on which, a Fisher Linear Discriminate Analysis (LDA) model is utilized for their classifications prediction and testing their precision rates. Some significant different indicators in credit ratings are selected from 20 common financial ones by Fisher test, and further construct a Linear Discriminate Function (LDF). In addition, a comparison study shows that LDA prediction with single industry is superior to its counterparties, which demonstrates the importance of discriminating industry and evaluating individually different industry risk.
Èë²ØºÅ: WOS:000306259300010
ÎÄÏ×ÀàÐÍ: Proceedings Paper
ÓïÖÖ: English
×÷Õ߹ؼü´Ê: Credit rating; Fisher test; Fisher discriminate analysis; Linear discriminate function
KeyWords Plus: FINANCIAL RATIOS; BANKRUPTCY; PREDICTION; FAILURE
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        [ 1 ] Renmin Univ China, Sch Stat, Beijing 100872, Peoples R China
µç×ÓÓʼþµØÖ·: leephil@ruc.edu.cn; tyousei2011@163.com
³ö°æÉÌ: UNIVERSE ACADEMIC PRESS TORONTO, 1 SPADINA CRESCENT, ROOM 205, TORONTO, ONTARIO M5S 3G3, CANADA
Web of Science Àà±ð: Economics; Management
Ñо¿·½Ïò: Business & Economics
IDS ºÅ: BBA19
ISBN: 978-1-926642-10-9
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