De Montjoye et al. (Reports, 30 January 2015, p. 536) claimed that most individuals can be reidentified from a deidentified transaction database and that anonymization mechanisms are not effective against reidentification. We demonstrate that anonymization can be performed by techniques well established in the literature.

We model aggregate credit losses on large portfolios of financial positions contracted with firms subject to both cyclical default correlation and direct default contagion processes. Cyclical correlation is due to the dependence of firms on common economic factors. Contagion is associated with the local interaction of firms with their business partners. We provide an explicit normal approximati...

This article investigates how a …rm’s …nancial strength a¤ects its dynamic decision to invest in R&D. We estimate a dynamic model of R&D choice using data for German …rms in high-tech manufacturing industries. The model incorporates a measure of the …rm’s …nancial strength, derived from its credit rating, which is shown to lead to substantial di¤erences in estimates of the costs and expected lo...

The purpose of this research is to analyze (1) the regulation regarding credit agreements that made privately according Banking Law and Role Notary (2) legal force at Bank Perkreditan Rakyat (BPR). method used normative research. results study show Arrangements underhand both Indonesia Circular Letter No.14/20/DKBU concerning Guidelines for Credit Policies Procedures (BPR) which require banks p...

Downar is to be praised for his brave call to abandon the outmoded language of warfare in the “battle” against cancer. Our job is to help people with cancer survive their illness as well as possible for as long as possible. We do them a terrible disservice by suggesting that their individual strength of character and ability to endure suffering will pull them through. To do so ignores all the e...

Credit Decisions are extremely vital for any type of financial institution because it can stimulate huge financial losses generated from defaulters. A number of banks use judgmental decisions, means credit analysts go through every application separately and other banks use credit scoring system or combination of both. Credit scoring system uses many types of statistical models. But recently, p...

In practice, the supplier often offers the retailers a trade credit period M and the retailer in turn provides a trade credit period N to her/his customer to stimulate sales and reduce inventory. From the retailer’s perspective, granting trade credit not only increases sales and revenue but also increases opportunity cost (i.e., the capital opportunity loss during credit period) and defau...

the purpose of this study was to investigate the role of extension services in enhancing effectiveness of out growers’ credit system in kisumu county, kenya. the study specifically sought to determine whether public and private extension services play a significant role in enhancing effectiveness of out-growers’ credit system among smallholder sugarcane farmers. a total of 110 small scale farme...