Руководство по консультированию промышленных предприятий в странах Восточной Европы
Performance measurement is one of the main issues in managerial decision-making. Credit ratings hold a specific place as an assessment tool. As an integral characteristic of fi nancial risks, they provide unifi cation and borrowing costs reduction as well as disclosure of an independent opinion. They can underpin regulatory actions and counterparties’ internal risk-management systems.
This monograph reveals the perception of ratings which has been established in the recent years. The focus is on studies about comparing rating scales, default probability modeling and constructing rating models, including topics on internal and external ratings for fi nancial institutions.
The book is based on research in these fi elds carried out by the author and his colleagues in the past ten years as well as on the experience in teaching master’s degree students at the Higher School of Economics and other universities. It sheds light on the contemporary trends in the research agenda and can be applied to develop a full-fledged master’s course. This book aims at a wide audience of professionals and can be practically applied by regulators and commercial banks.
This book is intended for students in economics, sociology of education, students of training programs in educational administration (such as management and staff of universities), and researchers working on the internals of academic markets. It may also interest a wider group of readers who are concerned by problems of educational policy and the functioning of academic markets in different countries.