Previous studies that analyzed loan defaults have imposed the restrictive assumption that the factors which influence the probability of loan default and the rate of default are the same and with the same direction effects. This study introduces a two-stage approach by applying the double hurdle model to analyze probability of loan default and the magnitude of the default as a way of relaxing this restrictive assumption. Using the model, this study is able to isolate the determinants of defau...
Abstract The primary goal of supply chain design is to improve service quality and interaction levels between service providers and customers. The purpose of this study was to examine the effect of operation assessment on the performance of state-owned sugar firms.The research employed a descriptive causal research design to provide a cause-and-effect relationship between the variables. The target population comprised all four operating state-owned sugar companies, namely Chemilil, Muhoroni,...