Logistics: Professor teaches how to spot a defaulter before losing out: Credit management on the curriculum could reduce risk, writes Paul Gosling
Sunday 25 July 1993
Dr Nicholas Wilson was named to the new position by the Institute of Credit Management, which had co-operated in the selection with several top companies involved in assessing trade credit risk, such as Dun & Bradstreet, Trade Indemnity and Infolink.
Dennis Jones, educational adviser to the ICM, said the appointment reflected the belief that businesses too often failed to see the importance of credit management.
'We want to raise the profile of credit management, and to establish it as a reputable academic discipline,' he said.
'As an institute, we are taking a positive role in the development of the profession. We want credit management to get a higher profile as a management activity, which has never had the place in the sun it has deserved.'
Dr Wilson has a busy first year ahead of him, with many activities planned.
'I'm employed to develop research in credit management, looking at credit risk and credit management, and to establish it as a core discipline on business management and MBA degrees,' he said.
Much of Dr Wilson's initial work involves investigating methods by which creditors can identify warning signs in corporate and individual debtors. One aspect entails examining the statistical models that have been developed to detect companies in distress and failure.
A further element will be to consider 'neural networks', a new modelling technique for credit risk and credit scoring. The principle is to examine factors that can be used to determine the likelihoodof individuals or corporations proving to be bad debtors, and work out the probability of default.
Other research will consider the use of trade credit - how and why it is used, when it is extended and how it is used for competitive advantage. A further project, financed by Bradford Tec, will examine how small companies use their working capital, and how it affects their survival.
The research will be used to fuel an increased emphasis on credit management in business courses at Bradford University. There will also be a range of new short courses, developed for ICM members.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...