University of Ljubljana, Faculty of Economics

About: University of Ljubljana, Faculty of Economics is a based out in . It is known for research contribution in the topics: Productivity & Tourism. The organization has 251 authors who have published 533 publications receiving 16109 citations.

Loss Given Default Determinants in a Commercial Bank Lending: An Emerging Market Case Study

Abstract: The purpose of this paper is to analyse the loss given default (LGD) determinants in case of a typical loan portfolio consisting of SME loans in a commercial bank operating in one of the quickly developing banking markets, i.e. in Slovenia. Accurate LGD estimates of defaulted bank claims are important for provisioning reserves for credit losses, calculating adequate risk capital and determining fair pricing risky bank loans. While most of the empirical literature in the field concentrates on corporate bond markets to estimate losses in the event of default, we use a unique individual bank data set on SME loan losses. Due to the proprietary nature of data only few studies of this kind have been published so far and to our knowledge none of them covers the Eastern European banking markets. In the first stage of the analysis we estimate the LGD variable by applying the discounted cash flow approach, while in the second stage we analyse its determinants by using the ordinal regression analysis. Our findings suggest that reliable LGD estimates can be produced by discounting expected loan related future cash flows and that explanatory factors, such as type of collateral, type of industrial sector, last available loan rating, size of the debt and loan maturity satisfactorily explicate variability of the LGD variable in the specific banking market. All the results are not only relevant to the impairment policy determination and capital adequacy calculation in the specific bank, but also to the evaluation of SME loans characteristics in developing markets.

Statistical Analysis of Survey Data

Abstract: After data collection and entry, survey data need to be prepared for analysis and analyzed. The data preparation stage involves three important components: data formatting, data editing, and computation of survey weights. The data analysis stage involves the choice of relevant statistical tools according to the measurement scale properties of survey variables. Keywords: data analysis; data editing; data formatting; imputation; survey weights

Redes de aprendizaje intraorganizativo: Análisis exploratorio de un caso

Abstract: La importancia del aprendizaje organizacional en la determinacion del resultado de la empresa ha provocado un incremento en su analisis por parte de los investigadores. Sin embargo, el modo en el que el aprendizaje se produce en el seno de una empresa constituye una de las principales lagunas existentes en la investigacion. Por ese motivo, el objetivo de este trabajo es identificar los aspectos mas relevantes que fomentan el aprendizaje organizativo de una empresa. Asi, realizamos un estudio exploratorio, por el que por medio de un cuestionario los integrantes de una empresa identificaron a sus companeros de los que mas aprenden. Consideramos que la amplia experiencia de los trabajadores en la empresa es la variable clave para que el resto de empleados tengan incentivos para aprender de ellos y convertirse de este modo en trabajadores clave en la red de aprendizaje intraorganizativo. De este modo, la empresa debe motivar a sus trabajadores con mayor experiencia para que se sientan identificados con la organizacion y esten dispuestos a compartir su conocimiento con sus companeros. Asi, se incrementara el aprendizaje organizativo y, por lo tanto, su resultado.

Improvements of the cash-flow statement control function in financial reporting

Abstract: On the basis of deductive considerations applying professional judgement, the article focuses on the additional value of accounting information that can be given to the users of financial statements by a properly prepared statement of cash flows It is based on the finding that the professional literature is inconsistent in distinguishing liquidity and profitability information, and consequently also in distinguishing between the ratios calculated on that basis It therefore stimulates an improvement in the quality of accounting information with a direct statement of cash flows, based on tracing instead of calculating the actual cash flow On the basis of financial statements, including a direct statement of cash flows, the ratio analysis of financial statements should be approached from both aspects of profitability and cash return The cash flow ratios would serve as a control mechanism over the assumptions used when preparing the balance sheet and income statement within the chosen financial reporting framework