INTERNAL CREDIT RATING FRAMEWORK FOR REAL ASSET INVESTMENT
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Bae, Deog Sang | - |
dc.date.accessioned | 2021-06-18T07:20:56Z | - |
dc.date.available | 2021-06-18T07:20:56Z | - |
dc.date.issued | 2019-12 | - |
dc.identifier.issn | 1648-715X | - |
dc.identifier.issn | 1648-9179 | - |
dc.identifier.uri | https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/44550 | - |
dc.description.abstract | Real asset investment, which is assumed to be worthier than traditional assets in regards to exposure to income volatility, has become central to investment portfolios in financial institutions. However, the features of illiquidity and uniqueness involved in an individual real asset deal require private investors to review the full dimensions associated with the transaction structure. Banks and global credit rating agencies assess the quality of products by relying heavily on qualitative research executed by human insights and experiences. Such an approach ensures the comprehensiveness of the review process but it requires excessive resources in time and money. This study presents an internal rating system that instantly screens features of a deal proposal and provides a rating compatible with the global rating standard. The result shows that the outcomes created by this model are mostly clustered from BBB to BB. These findings match the average ratings for real assets, as determined by global rating agencies, which strengthens the practicality of the proposed model. | - |
dc.format.extent | 13 | - |
dc.language | 영어 | - |
dc.language.iso | ENG | - |
dc.publisher | VILNIUS GEDIMINAS TECH UNIV | - |
dc.title | INTERNAL CREDIT RATING FRAMEWORK FOR REAL ASSET INVESTMENT | - |
dc.type | Article | - |
dc.identifier.doi | 10.3846/ijspm.2019.10853 | - |
dc.identifier.bibliographicCitation | INTERNATIONAL JOURNAL OF STRATEGIC PROPERTY MANAGEMENT, v.24, no.1, pp 38 - 50 | - |
dc.description.isOpenAccess | Y | - |
dc.identifier.wosid | 000505208500003 | - |
dc.identifier.scopusid | 2-s2.0-85079173870 | - |
dc.citation.endPage | 50 | - |
dc.citation.number | 1 | - |
dc.citation.startPage | 38 | - |
dc.citation.title | INTERNATIONAL JOURNAL OF STRATEGIC PROPERTY MANAGEMENT | - |
dc.citation.volume | 24 | - |
dc.type.docType | Article | - |
dc.publisher.location | 리투아니아 | - |
dc.subject.keywordAuthor | credit rating | - |
dc.subject.keywordAuthor | alternative investment | - |
dc.subject.keywordAuthor | real estate | - |
dc.subject.keywordAuthor | infrastructure | - |
dc.subject.keywordAuthor | Bank for International Settlements (BIS) | - |
dc.subject.keywordPlus | INFORMATION ASYMMETRY | - |
dc.subject.keywordPlus | RISK-MANAGEMENT | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Management | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.
84, Heukseok-ro, Dongjak-gu, Seoul, Republic of Korea (06974)02-820-6194
COPYRIGHT 2019 Chung-Ang University All Rights Reserved.
Certain data included herein are derived from the © Web of Science of Clarivate Analytics. All rights reserved.
You may not copy or re-distribute this material in whole or in part without the prior written consent of Clarivate Analytics.