On Application of KMV Model in Credit Risk Management of China's Securities Companies
Zhiqiang Chen, Hongmei Zhang
Available Online November 2016.
- https://doi.org/10.2991/rac-16.2016.87How to use a DOI?
- KMV model; Credit risk management; Securities companies; Distance to default.
- As China's market-oriented and international level gradually increased, financial institutions, particularly, the securities firm's has faced much more risks which has showing a diverse, volatile trend. Through quantitative analysis methods, used KMV model to analyzes the credit risk of domestic securities companies. The results of research have shown that KMV model can be more accurate identification the credit risk of the securities companies. As well, China's securities companies are facing relatively large credit risks. So, securities companies should focus on improving the credit quality of the debtor and accelerating the establishment of the compliance's data management system, therefore securities companies' credit risk can be better identified and be controlled.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Zhiqiang Chen AU - Hongmei Zhang PY - 2016/11 DA - 2016/11 TI - On Application of KMV Model in Credit Risk Management of China's Securities Companies BT - 7th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC-2016) PB - Atlantis Press UR - https://doi.org/10.2991/rac-16.2016.87 DO - https://doi.org/10.2991/rac-16.2016.87 ID - Chen2016/11 ER -