CREDIT RISK: FROM A SYSTEMATIC LITERATURE REVIEW TO FUTURE DIRECTIONS

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Flavio Barboza ORCID logo, Herbert Kimura ORCID logo, Vinicius A. Sobreiro ORCID logo, Leonardo Fernando Cruz Basso ORCID logo

https://doi.org/10.22495/cocv13i3c2p6

Abstract

More than 3000 papers on risk management have been published since 2000. Although research on risk management is moving towards filling knowledge gaps, the large number of papers has a negative side. Young researchers have difficulty in constructing a concise and comprehensive basis of knowledge that allows new gaps to be found instead of addressing issues already resolved. Bearing this in mind, the aim of this paper is to present a systematic literature review on credit risk for academic papers. To meet this objective, the main studies on credit risk were classified and coded, and a citation-based approach was used to determine their relevance and contributions to the state of the art. This identified some gaps and research recommendations.

Keywords: Credit Risk, Literature Review, Finance, Economics

How to cite this paper: Barboza, F., Kimura, H., Sobreiro, V.A., Basso, L.F.C. (2016). Credit risk: from a systematic literature review to future directions. Corporate Ownership & Control, 13(3-2), 326-346. https://doi.org/10.22495/cocv13i3c2p6