Abstract
The recent financial crisis has highlighted the importance of credit risk assessment for financial institutions, firms, and supervisors. Credit scoring systems are important tools for credit risk evaluation and monitoring. This chapter describes the process for building and testing credit scoring models and illustrates how multicriteria techniques based on disaggregation analysis can be used in this area. Empirical results are also presented, derived from an application to a large sample of Greek firms.
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In other specialized credit granting contexts (e.g., project finance), the risk assessment process is mostly based on empirical quantitative and qualitative models [181] (Chaps. 8, 10), which fit well the context of MCDA.
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Doumpos, M., Zopounidis, C. (2014). Credit Scoring. In: Multicriteria Analysis in Finance. SpringerBriefs in Operations Research. Springer, Cham. https://doi.org/10.1007/978-3-319-05864-1_4
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DOI: https://doi.org/10.1007/978-3-319-05864-1_4
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Publisher Name: Springer, Cham
Print ISBN: 978-3-319-05863-4
Online ISBN: 978-3-319-05864-1
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