Results of a new study by the Korea Maritime Institute inform research on risk management (Empirics of Korean Shipping Companies’ Default Predictions): Insurance – Risk management

2021 OCT 08 (NewsRx) – By a Journalist-Staff News Editor at Daily Insurance News – The results of insurance research are discussed in a new report. According to reports by Pusan, South Korea, by reporters at NewsRx, the research said, “In this article, we use a logit model to predict the likelihood of Korean shipping companies defaulting.”

Funders of this research include Korea Maritime Institute.

Our reporters got a research citation from Korea Maritime Institute: “We explore many financial ratios to find predictors of the failure of a shipping company and build four default prediction models. The results suggest that a model with industry-specific metrics outperforms other models in terms of predictive ability. This finding indicates that using information about the unique financial characteristics of the shipping industry can improve the performance of default prediction models. “

According to the editors, the study concluded: “Given the importance of the shipping industry to the Korean economy, this study can benefit both policy makers and market players.

For more information on this research, see: Empirics of Korean Shipping Companies’ Default Predictions. Risks, 2021.9 (159): 159. (Risks – http://www.mdpi.com/journal/risks). The editor of Risks is MDPI SA.

A free version of this review article is available at https://doi.org/10.3390/risks9090159.

Our press journalists report that more information can be obtained by contacting Sunghwa Park, Maritime Transport Financing Research Division, Korea Maritime Institute, Busan 49111, South Korea. Additional authors of this research include Hyunsok Kim, Janghan Kwon, Taeil Kim.

(Our reports provide factual information on research and discoveries from around the world.)

About Emilie Brandow

Avatar

Check Also

South Korea to watch financial markets closely amid concerns over volatility caused by omicron

This photo, taken on Sunday, shows an arrival hall at Incheon International Airport, west of …

Leave a Reply

Your email address will not be published. Required fields are marked *