Credit Scoring for Farm Businesses : Evaluating the KMV Model using Farm-level Accounting Data

• 발행기관: 한국농식품정책학회
• 저자명: Sang jeong Nam
• 간행물 정보: 『농업경영.정책연구』농업경영·정책연구 35권 3호, 497~523쪽, 전체 27쪽
• 주제분류: 농수해양 > 식품과학
• 파일형태: PDF
• 발행일자: 2008.09.30

영문 초록

The objective of this study is to provide a detailed examination of the KMV model in estimating credit risk using farm-level accounting data. The examination includes an evaluation of the assumptions and comparisons to well accepted experience-based models. For the test of the argument, the null hypothesis is that the classifications of the KMV model are the same as those of the experience model. Data from the Illinois Farm Business Farm Management (FBFM) association are used. Chi-squared statistics are used for testing this hypothesis. The validation tests of the assumptions and results of the empirical analysis suggest that KMV model may not be an appropriate statistical model for classification for farm businesses when accounting data are used.

목차

Abstract

I. Introduction

II. Literature Review

III. The KMV Model

IV. Comparison between the KMV model and an experience-based model

V. Conclusion

References

키워드

Credit Risk Rating Experience Model KMV Model Goodness of Fit Test