The Research on Applicability of Amended KMV Model with Different Industries

Yang, Yang; Li, Li; Zhou, Zongtan; Fei, Wenying

doi:10.2991/jrarc.2013.3.1.4

Cited by 3 publications

(1 citation statement)

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“…开花最盛 [2] ，期间如遭遇低温则易引发寒害而导致减产 [3] 。海南冬季常遭受北方冷空气侵袭， 1962、1975、1996、2005 和 2008 年均出现了严重降温的天气过程 [4] ，影响了荔枝的正常开花而形成寒害，严重制约了荔枝种植业的发展，因此深入研究荔枝寒害气象指数保险费率厘定、保险产品及合同设计，能够有效转移荔枝寒害风险，保障农户利益。国外在农业保险方面开展研究较早，初期采用传统农业保险，存在各种弊病 [5][6][7][8] ，后来逐渐被区域产量指数 [9] 和天气指数保险 [10]…”

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Design of the Insurance Contract Based on the Weather Indices of Chilling Injury in Litchi and Demonstration Application

Wang¹,

Zhang²,

Zhang³

et al. 2016

Proceedings of the 7th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention

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Design of the Insurance Contract Based on the Weather Indices of Chilling Injury in Litchi and Demonstration Application

Wang¹,

Zhang²,

Zhang³

et al. 2016

Proceedings of the 7th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention

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Measurement and prediction of systemic risk in China’s banking industry

Zhang

Zhao

2023

Research in International Business and Finance

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Risks and financial performance of Indian banks: a cursory look at the COVID-19 period

Goswami,

Malik

2024

BIJ

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PurposeThe novel coronavirus (COVID-19) has caused financial stress and limited their lending agility, resulting in more non-performing loans (NPLs) and lower performance during the II wave of the coronavirus crisis. Therefore, it is essential to identify the risky factors influencing the financial performance of Indian banks spanning 2018–2022.Design/methodology/approachOur sample consists of a balanced panel dataset of 75 scheduled commercial banks from three different ownership groups, including public, private and foreign banks, that were actively engaged in their operations during 2018–2022. Factor identification is performed via a fixed-effects model (FEM) that solves the issue of heterogeneity across different with banks over time. Additionally, to ensure the robustness of our findings, we also identify the risky drivers of the financial performance of Indian banks using an alternative measure, the pooled ordinary least squares (OLS) model.FindingsEmpirical evidence indicates that default risk, solvency risk and COVAR reduce financial performance in India. However, high liquidity, Z-score and the COVID-19 crisis enhance the financial performance of Indian banks. Unsystematic risk and systemic risk factors play an important role in determining the prognosis of COVID-19. The study supports the “bad-management,” “moral hazard” and “tail risk spillover of a single bank to the system” hypotheses. Public sector banks (PSBs) have considerable potential to achieve financial performance while controlling unsystematic risk and exogenous shocks relative to their peer group. Finally, robustness check estimates confirm the coefficients of the main model.Practical implicationsThis study contributes to the knowledge in the banking literature by identifying risk factors that may affect financial performance during a crisis nexus and providing information about preventive measures. These insights are valuable to bankers, academics, managers and regulators for policy formulation. The findings of this paper provide important insights by considering all the risk factors that may be responsible for reducing the probability of financial performance in the banking system of an emerging market economy.Originality/valueThe empirical analysis has been done with a fresh perspective to consider unsystematic risk, systemic risk and exogenous risk (COVID-19) with the financial performance of Indian banks. Furthermore, none of the existing banking literature explicitly explores the drivers of the I and II waves of COVID-19 while considering COVID-19 as a dependent variable. Therefore, the aim of the present study is to make efforts in this direction.

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The Research on Applicability of Amended KMV Model with Different Industries

Cited by 3 publications

References 1 publication

Design of the Insurance Contract Based on the Weather Indices of Chilling Injury in Litchi and Demonstration Application

Design of the Insurance Contract Based on the Weather Indices of Chilling Injury in Litchi and Demonstration Application

Measurement and prediction of systemic risk in China’s banking industry

Risks and financial performance of Indian banks: a cursory look at the COVID-19 period

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