Assessment of Factors Affecting the Default of Companies

Student: Maslova Anastasiya

Supervisor: Andrey M. Emelyanov

Faculty: Faculty of Economics, Management, and Business Informatics

Educational Programme: Economics (Bachelor)

Year of Graduation: 2016

Many companies cannot provide a stable financial position in an unstable economy, that is why banks are constantly and accurately analyze their business partners and borrowers. However, the tools become obsolete over time, and there is a need for a new, more appropriate tools for current market conditions. In this paper, there is analysis of the most well-known existing models to predict default companies. Further, new models were evaluated on the basis of data on borrowers of PC Sberbank, and then composed a risk-based sample of borrowers. In the future, the research can be used for the analysis of the bank's customers to determine the financially unstable ones, it will help in questions of a new loans or a restructuring of the existing ones.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses