Looking Outside the Borrower

T. H. Donaldson
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T. H. Donaldson: FCIB

Chapter 3 in Thinking about Credit, 1988, pp 39-58 from Palgrave Macmillan

Abstract: Abstract In analysing a credit, we need to look both at the borrower itself and at the conditions in which it operates. These may be general — the political and economic climate for instance — or they may be more specific to the company itself, or to the industry in which it operates. Understanding these external factors is as important as understanding the internal aspects of a company. It is also as easy to jump to conclusions or make superficial assessments — and as dangerous.

Keywords: Balance Sheet; Moral Obligation; German Company; High Leverage; Italian Company (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-19279-3_3

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