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.
The Washington Post editor helped Bob Woodward and Carl Bernstein bring down President Nixon
Children's bookseller wins The Independent's new author search
Board creates magnetic field to achieve lift
- 1 Salisbury ranked seventh-best city in the world to visit in Lonely Planet’s Best in Travel 2015
- 2 Disney announces new female-led film Moana
- 3 Banksy has not been arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Russell Brand threatened with arrest after filming outside Fox News headquarters
Chicago voter tells Obama 'don't touch my girlfriend' – Obama stays super smooth
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy has not been arrested: Internet duped by fake report claiming artist's identity revealed
Ebola outbreak: Nowhere is safe until virus is contained in Africa, claims the top doctor who beat it in Nigera
Raphael Ravenscroft dead: 'Baker Street' musician who played the most famous saxophone solo for just £27, dies aged 60
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Jose Manuel Barroso warns David Cameron against making 'historic mistake' over immigration reforms
Worst Airports of 2014: Poll names Islamabad airport in Pakistan worst in the world
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...
£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...
£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...