Bond Markets, Analysis and Strategies.

Stutzer, Michael J.; Fabozzi, Frank J.; Fabozzi, T. Dessa

doi:10.2307/2328630

Cited by 63 publications

(10 citation statements)

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“…Według tego badacza tworzy ją w znacznej mierze świadomość pracowników dotycząca związku między polityką akceptowania kredytów oraz stratami obciążającymi wynik finansowy. Fabozzi [2006] odniósł się do zagadnienia adekwatnego pomiaru ryzyka kredytowego. Zwrócił przy tym uwagę na trudności związane z kwantyfikacją ryzyka, będące nierzadko wynikiem niewłaściwej struktury organizacyjnej skutkującej oraz braku gromadzenia danych historycznych.…”

Section: Wstępunclassified

System informacyjny banku – integracja procesów zarządzania ryzykiem kredytowym

Siarka

2015

Informatyka Ekonomiczna

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Streszczenie: W artykule przedstawiono autorską koncepcję części systemu informacyjnego banku, uwzględniającą zagadnienie zarządzania ryzykiem kredytowym. Zaprezentowano główne jego elementy na tle międzynarodowych standardów rekomendowanych przez Komitet Bazylejski. Autor odniósł się do zagadnienia współdziałania w obrębie banku jednostek organizacyjnych odpowiedzialnych za obszar szacowania ryzyka, analizę trafności prognoz oraz ocenę ryzyka w ramach procesu testowania warunków skrajnych. Ponadto nakreślona została koncepcja spójnej polityki ryzyka kredytowego. Autor wskazał właściwe umiejscowienie procesu oceny skutków zdarzeń niekorzystnych oraz katastrofalnych w ramach systemu informacyjnego. Tym samym zwrócił uwagę na obszar stanowiący potencjalne zagrożenie dla banków. W ramach przedstawionego w niniejszym artykule systemu zarządzania ryzykiem kredytowym podjęto próbę wykazania korzyści płynących z integracji wyszczególnionych elementów. Tym samym wykazano, że efektywność systemu zarządzania ryzykiem kredytowym jest zależna od sposobu organizacji wewnętrznych procesów. Słowa kluczowe: system informacyjny, ryzyko kredytowe, Nowa Umowa Kapitałowa, system zarządzania ryzykiem. Summary:The author presented a general concept of banking information system regarding credit risk management process. The main elements were presented on the ground of the regulations published by the Basel Committee. The author addressed the issues of interaction between such areas as risk assessment, back-testing and stress testing. He also outlined a comprehensive approach to credit risk policy. Moreover the author showed the proper place in the risk management system for the analysis of adverse scenarios and catastrophic events. Thus, he pointed out a potentially hazardous area for the banking sector. In this article, the benefits resulting from an integration of various processes were presented. Therefore it was shown that the efficiency of credit risk management system depends on the integration of internal processes.

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Section: Wstępunclassified

System informacyjny banku – integracja procesów zarządzania ryzykiem kredytowym

Siarka

2015

Informatyka Ekonomiczna

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“…The theory of fixed-income portfolio investment has developed rapidly and become more mature in Western financial markets. Fabozzi (1985) istudied the traditional fixed-income portfolio strategy [1] [2]. Maginn studied sensitivity analysis as a tool for active management strategies and extended it to consider the results of analysis on the valuation of expected returns; Fisher & Weil (1971) firstly proposed bond-immunization strategy.…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of bond immunization strategies based on duration model

He,

Wang

2024

HBEM

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Due to the rapidly expanding bond market and the growing variety of bond types, investors must take on a lot of risks in the investing market. As a result, this article explains and examines how to benefit from the duration matching immunization method, namely the maturity immunity of bond portfolio to ensure return, in order to get consistent profit income and prevent interest risk. The investment portfolio is developed to determine the matching analysis of maturity and yield and maturity and investment cycle after the screening phase of the bond market. It is proposed and the flaws are highlighted in accordance with the interest rate fluctuations of the bond market with the maturity immunization portfolio, in order to give investors pertinent recommendations on how to maintain the stability of income and mitigate the loss of interest rate change.

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“…A bond, is a formal debt obligation, which is a testament to the commitment made by an issuer, often a government, corporation, or institution, to borrow funds from investors (Fabozzi & Fabozzi, 2021). Through the issuance of bonds, these entities tap into the vast pool of capital available in the financial markets, seeking the necessary funds to fuel their ambitions, undertake projects, or meet their financial obligations (Fabozzi & Fabozzi, 2021). The fundamental structure of a bond is comprised of several key elements.…”

Section: Variables Review Bonds and Financial Performancementioning

confidence: 99%

Effect of Debt Financing on Financial Performance of Selected State Corporations in Kenya

MWAZITO,

MWANZIA, PhD

2023

strategicjournals.com

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There was a recent interest of state corporations borrowing funds to manage their operations. This begged the question why debt financing was being opted for running state corporations. It was in this regard that this study examined the effect of debt financing on financial performance of selected state corporations in Kenya. The study was guided by the following specific objectives: To determine the effect of bonds on financial performance of selected state corporations, to assess the effect of debentures on financial performance of selected state corporations, to assess the effect of bank loans on financial performance of selected state corporations and to evaluate the effect of factoring on financial performance of selected state corporations. To underpin the study findings, information asymmetry and transaction cost theory was used. The study adopted descriptive survey study design and it had a target 206 state-owned corporations out of which a sample of 136 was drawn from using Yamane's formulae. A structured questionnaire was used to collect information from finance and chief accountants of the selected state-owned corporations. Data analysis was done using SPSS version 26. The analysis indicated there is a strong positive relationship between debt financing and financial performance since. However, the study indicated that there is a medium positive relationship between bonds and financial performance. Further, the study showed that there was a very weak positive relationship between debentures and financial performance. It was clear that analysis indicated that there was a weak positive relationship between bank loans and financial performance. Lastly the study also showed that there was a very weak positive relationship between factoring and financial performance.

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Bond Markets, Analysis and Strategies.

Cited by 63 publications

References 0 publications

System informacyjny banku – integracja procesów zarządzania ryzykiem kredytowym

System informacyjny banku – integracja procesów zarządzania ryzykiem kredytowym

Analysis of bond immunization strategies based on duration model

Effect of Debt Financing on Financial Performance of Selected State Corporations in Kenya

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