Home // International Journal On Advances in Systems and Measurements, volume 11, numbers 3 and 4, 2018 // View article

The Financial Credit Risk Assessment Model: Three Perspectives

Authors:
Eric Mantelaers
Martijn Zoet

Keywords: Financial Credit Risk Assessment; Business Failure Prediction; Credit Risk Features; DMN Requirements Diagrams (DRD).

Abstract:
Within recent years, Financial Credit Risk Assessment (FCRA) has become an increasingly important issue within the financial industry. Therefore, the search for features that can predict the credit risk of an organization has increased. Using multiple statistical techniques, a variance of features has been proposed. Applying a structured literature review, 258 papers have been selected. From the selected papers, 835 features have been identified. The features have been analyzed with respect to the type of feature, the information sources needed and the type of organization that applies the features. Based on the results of the analysis, the features have been plotted in the FCRA Model. The results show that most features focus on hard information from a transactional source, based on official information with a high latency. In this paper, we re- address and -present our earlier work [1]. We extended the previous research with more detailed descriptions of the related literature, findings, and results, which provides a grounded basis from which further research on FCRA can be conducted.

Pages: 297 to 305

Copyright: Copyright (c) to authors, 2018. Used with permission.

Publication date: December 30, 2018

Published in: journal

ISSN: 1942-261x