| Abstract [eng] |
Credit Risk Assessment From a Sustainability Perspective. Example of a Lithuanian Commercial Bank The main purpose of this master thesis is to to determine the most significant sustainability indicators on the example of the Lithuanian commercial bank selected for the credit risk assessment of large companies after the analysis of the scientific literature and expert survey of the credit risk management process and sustainability indicators. The work consists of three main parts; the analysis of literature, the research and its results, conclusion and recommendations. Literature analysis reviews the theoretical aspects of the credit risk management process, presents the main concepts of credit risk assessment and shows the importance of sustainability indicator, its assessment methods and role in the credit risk management process. After the literature analysis the author has carried out the study about the sustanability in credit risk assessment process and benefits of the implementation of sustainability citeria among the Lithuanian commercial banks. 7 credit risk assessment experts have presented the answers to the prepared questionnaire. The main purpose of the questionnaire was to find out the most significant sustainability indicators, which, after enriching and supplementing the credit risk management process in the Commercial Bank of Lithuania, would make the determination of credit repayment probabilities of large companies more accurate and reliable. The results of the research were statistically processed. Kendall‘s concordance coefficient was used for assessing agreement among raters and to determine the alignment of the Likert scales’; in all cases, it was acceptable and indicated that the scales used were consistent. The performed research revealed that of the economic sustainability indicators presented, the most important are the indicators of political influence, sustainable business strategy, sustainable financial strategy, tax strategy and supply chain management, allowed to single out the most significant environmental sustainability indicators in the credit risk assessment process of large commercial companies of Lithuanian commercial banks: environmental accountability, environmental policy and management system, as well as resource efficiency and sustainability, sustainability indicators of social responsibility in assessing the credit risk of large companies, which are occupational safety requirements, social accountability and social impact on society. The conclusions and recommendations summarize the main concepts of literature analysis as well as the results of the performed research. The author believes that the results of the study could give useful guidelines to the companies which are going to implement sustainability citeria into credit risk assessment process. |
