2015年信用风险外文翻译--马来西亚信用风险的决定因素

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1、3800 英文单词， 2.1 万英文字符 ， 中文 6400 字 文献出处 : Manab N A , Theng N Y , Md-Rus R . The Determinants of Credit Risk in MalaysiaJ. Procedia - Social and Behavioral Sciences, 2015, 172:301-308. The Determinants of Credit Risk in Malaysia Norlida Abdul Manab, Ng Yen Theng, Rohani Md-Rus Abstract The aims of thi

2、s study are to investigate the determinants of credit risk and to examine the impact of earnings management on credit risk prediction. The results showed that the liquidity ratio was significant in determining credit risk before and after earnings management was adjusted. Meanwhile, the productivity

3、 ratio was significant in the unadjusted model, while the profitability ratio was significant in the adjusted model. The overall percentage of correct prediction showed that the unadjusted model predicted better than the adjusted model. This study provides knowledge about the effect of earning manag

4、ement on bankruptcy prediction. Keywords: Credit risk; earnings management; bankruptcy prediction; Malaysia 1. Introduction Credit risk refers to the risk of an economic loss from the failure of counterparty to meet its contractual obligations (Jorion, 2009) and nowadays, it is becoming very pervasi

5、ve. Basel Committee (2001) has identified credit risk as the dominant risk for banking sector. Credit risk is associated with the core business of banks, which involve loan lending and deposit activities. Palubinskas and Stough (1999) found that bad loans, lack of banking skills, lack of regulation,

6、 deposit insurance, mismanagement and corruption were the factors that caused bank failures. Meanwhile, Andrade and Kaplan (1998) found that the primary cause of distress was firms high leverage while poor firm performance and poor industry performance do not contributed much in explaining distress. They also found that operating and net cash flow margins declined significantly after the firms fell into distress and rebound in the year before distress is resolved. In addition, Andrade and Ka