Measuring Default Risk in Turkey: Econometric Approach

Melike Bildirici and Mehmet Salman

Istanbul Stock Exchange Review, 2006, vol. 8, issue 32, 11-36

Abstract: In this paper, empirical default risk scoring models are derived by using panel data probit methods with a database which is obtained from annual balance sheets and income statements of firms which are in non-financial sectors in the Istanbul Stock Exchange (ISE). After that, these derived scoring models are used in default risk analysis of firms and compared with Z-Score and O-Score models.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:bor:iserev:v:8:y:2006:i:32:p:11-36

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