Significance of Controllable and Uncontrollable Drivers in Credit Defaults
© 2017 The Economic Society of Australia The world economy has been shown to be a complex adaptive system with the consequence that companies within the global economy are constantly needing to react to influences from the activities of other companies with which they are interconnected and externa...
| Main Authors: | , , , |
|---|---|
| Format: | Journal Article |
| Published: |
Economic Society of Australia
2018
|
| Online Access: | http://hdl.handle.net/20.500.11937/67835 |
| _version_ | 1848761671514849280 |
|---|---|
| author | Shi, L. Allan, N. Evans, John Yun, Y. |
| author_facet | Shi, L. Allan, N. Evans, John Yun, Y. |
| author_sort | Shi, L. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 2017 The Economic Society of Australia The world economy has been shown to be a complex adaptive system with the consequence that companies within the global economy are constantly needing to react to influences from the activities of other companies with which they are interconnected and external influences. This paper uses a methodology developed for complex adaptive systems to analyse the characteristics of multiple credit default events in the United States, Europe and Asia over the period 1990–2010 to establish the significance of factors driving credit defaults. The analysis indicates that factors controllable by companies are more significant in the United States and Europe than uncontrollable events, but the reverse occurs in Asia. |
| first_indexed | 2025-11-14T10:35:23Z |
| format | Journal Article |
| id | curtin-20.500.11937-67835 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:35:23Z |
| publishDate | 2018 |
| publisher | Economic Society of Australia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-678352018-05-18T08:06:04Z Significance of Controllable and Uncontrollable Drivers in Credit Defaults Shi, L. Allan, N. Evans, John Yun, Y. © 2017 The Economic Society of Australia The world economy has been shown to be a complex adaptive system with the consequence that companies within the global economy are constantly needing to react to influences from the activities of other companies with which they are interconnected and external influences. This paper uses a methodology developed for complex adaptive systems to analyse the characteristics of multiple credit default events in the United States, Europe and Asia over the period 1990–2010 to establish the significance of factors driving credit defaults. The analysis indicates that factors controllable by companies are more significant in the United States and Europe than uncontrollable events, but the reverse occurs in Asia. 2018 Journal Article http://hdl.handle.net/20.500.11937/67835 10.1111/1759-3441.12200 Economic Society of Australia restricted |
| spellingShingle | Shi, L. Allan, N. Evans, John Yun, Y. Significance of Controllable and Uncontrollable Drivers in Credit Defaults |
| title | Significance of Controllable and Uncontrollable Drivers in Credit Defaults |
| title_full | Significance of Controllable and Uncontrollable Drivers in Credit Defaults |
| title_fullStr | Significance of Controllable and Uncontrollable Drivers in Credit Defaults |
| title_full_unstemmed | Significance of Controllable and Uncontrollable Drivers in Credit Defaults |
| title_short | Significance of Controllable and Uncontrollable Drivers in Credit Defaults |
| title_sort | significance of controllable and uncontrollable drivers in credit defaults |
| url | http://hdl.handle.net/20.500.11937/67835 |