Abstract Purpose – The purpose of this paper is to study the effectiveness of market discipline on banks’ risk-taking behavior based on how swiftly banks respond to market information. Design/methodology/approach – A simplified incentive model provides the necessary justification for two types of market disciplines: first, monitoring by uninsured market participants, and second, risk p…
Purpose – This study aims to develop an assessment methodology using a Bayesian network (BN) to predict the failure probability of oil tanker shipping firms. Design/methodology/approach – This paper proposes a bankruptcy prediction model by applying the hybrid of logistic regression and Bayesian probabilistic networks. Findings – The proposed model shows its potential of contributing to…
Panama has five main ports: Balboa and PSA Panama International on the Pacific, and Cristo´ bal, Manzanillo and Colon Container Terminal (CCT) on the Caribbean side. The government of Panama originally operated the ports of Balboa and Cristo´ bal. After being transferred from the United States government, most of these ports were privatized in the late 1990s. During this period, some por…