Professor Jonathan Crook

Picture of Jonathan Crook

Professor of Business Economics, Director of MSc Banking & Risk, Director of Research

Email: Sm9uYXRoYW4uQ3Jvb2tAZWQuYWMudWs=
Phone: +44(0)131 6503802
Room: 3.27


Profile

Roles and responsibilities

  • Director of Credit Research Centre;
  • Director of MSc Banking & Risk;
  • Member of Executive Team.

Background

BA (Lancaster); MSc (Wales).
Read Economics at Lancaster. Visiting Fulbright Postdoctoral Research Scholar, McIntyre School of Commerce, University of Virginia, USA, Visiting Fellow, University of Warwick, UK and Visiting Fellow, European University Institute, Florence. Fellow of Financial Institutions Center, Wharton Schol, University of Pennsylvania. Elected Fellow of the Royal Society of Edinburgh.

Research interests

Acquisitions and mergers;
Economics of the consumer credit industry;
Demand and supply of credit;
Credit constraints;
Credit scoring and credit control.

Group membership

PhD Supervision

Jonathan is supervising 3 PhD students


Publications

The stability of survival model parameter estimates for predicting the probability of default

Evidence over the Credit Crisis

Leow and Crook. (2015) European Journal of Operational Research.
Research output: Article.

Intensity models and transition probabilities for credit card loan delinquencies

Leow and Crook. (2014) European Journal of Operational Research 236. 685-694.
Research output: Article.
View / download (open access)

Support Vector Regression for Loss Given Default Modeling

Yao, Crook and Andreeva. (2014) European Journal of Operational Research 240. 528-538.
Research output: Article.

Modelling EAD for credit cards

Crook. (2013).
Research output: Paper.

Estimation of Exposure at Default for Credit Cards

Leow and Crook. (2013).
Research output: Paper.

Investigating the Stability of Survival Model Parameter Estimates for the Probability of Default: Empirical Evidence over the Credit Crisis

Leow and Crook. (2013).
Research output: Paper.

Modelling EAD for credit cards

Crook. (2013).
Research output: Paper.

A New Mixture Model for the Estimation of Credit Card Exposure at Default

Leow and Crook. (2013).
Research output: Working paper.
View / download (open access)

The effect of health shocks and house changes on debt holdings by older Americans

Crook and Hochguertel, S. (2013).
Research output: Working paper.

Liquidity constraints and household wealth: an empirical dynamic panel model

Crook and Hochguertel, S. (2013).
Research output: Working paper.

The Stability of Survival Model Parameter Estimates for Predicting the Probability of Default: Empirical Evidence over the Credit Crisis

Leow and Crook. (2013).
Research output: Working paper.
View / download (open access)

Forecasting and Stress Testing Credit Card Default with Dynamic Models

Bellotti and Crook. (2013) International Journal of Forecasting 29 (4). 563-574.
Research output: Article.
View / download (open access)

Retail Credit Stress Testing Using a Discrete Hazard Model with Macroeconomic Factors

Bellotti and Crook. (2013) Journal of the Operational Research Society 65 (3). 340-350.
Research output: Article.
View / download (open access)

Chinese Companies Distress Prediction: An Application of Data Envelopment Analysis

Li, Crook and Andreeva. (2013) Journal of the Operational Research Society.
Research output: Article.
View / download (open access)

Loss given default models incorporating macroeconomic variables for credit cards

Bellotti and Crook. (2012) International Journal of Forecasting 28 (1). 171-182.
Research output: Article.
View / download (open access)

Editorial

Crook, J. and Archibald, T. (2012) Journal of the Operational Research Society 63 (1). 1-1.
Research output: Editorial.

Asset Correlations for credit card defaults

Crook, J. and Bellotti, T. (2012) Applied Financial Economics 22 (2).
Research output: Article.
View / download (open access)

Forecasting and explaining aggregate consumer credit delinquency behaviour

Crook and Banasik. (2012) International Journal of Forecasting 28 (1). 145-160.
Research output: Article.
View / download (open access)

Intensity Models and transition probabilities for credit card loan delinquencies

Crook and Leow. (2012).
Research output: Paper.

Survival Models for Credit Default wit Unobserved Heterogeneity

Crook. (2012).
Research output: Paper.

Intensity models and transition probabilities for credit card loan delinquincies

Crook and Leow. (2012).
Research output: Paper.

Intensity Models and Transition Probabilities for Credit Card Loan Delinquencies

Leow and Crook. (2012).
Research output: Paper.

Checking for asymmetric default dependence in a credit card portfolio: A copula approach

Crook and Moreira. (2011) Journal of Empirical Finance 18 (4). 728-742.
Research output: Article.
View / download (open access)

Intensity Models and Transition Probabilities for Credit Card Loan Delinquencies

Leow and Crook. (2011).
Research output: Paper.

Editorial

Archibald, T. and Crook, J. (2011) Journal of the Operational Research Society 62 (1).
Research output: Editorial.

Survival Models for Credit Default wit Unobserved Heterogeneity

Crook. (2011).
Research output: Paper.

Survival analysis for credit default with unobserved heterogeneity

Crook, Leow and Bellotti. (2011).
Research output: Working paper.

Modelling take-up and profitability

Ma, P., Crook, J. and Ansell, J. (2010) Journal of the Operational Research Society 61 (3). 430-442.
Research output: Article.

Reject inference in survival analysis by augmentation

Banasik, J. and Crook, J. (2010) Journal of the Operational Research Society 61 (3). 473-485.
Research output: Article.
View / download (open access)

Special Issue Part 1: Consumer Credit Risk Modelling

Thomas, L., Crook, J. and Edelman, D. (2010) Journal of the Operational Research Society 61 (3). 357-358.
Research output: Editorial.

The affects of health shocks and house prices on debt holdings by older Americans

Crook and Hochguertel, S. (2010).
Research output: Paper.
View / download (open access)

Dynamic consumer default models

Crook and Bellotti. (2010).
Research output: Paper.

Dynamic Models of Consumer Risk

Crook and Bellotti. (2010).
Research output: Paper.

Time varying and dynamic models for default risk in consumer loads

Crook and Bellotti. (2010) Journal of the Royal Statistical Society: Series A 173 (2). 283-305.
Research output: Article.
View / download (open access)

Credit scoring with macroeconomic variables using survival analysis

Bellotti, T. and Crook, J. (2009) Journal of the Operational Research Society 60 (12). 1699-1707.
Research output: Article.
View / download (open access)

Support Vector Machines for Credit Scoring and discovery of significant features

Bellotti and Crook. (2009) Expert Systems with Applications 36. 3302-3308.
Research output: Article.
View / download (open access)

Asset Correlations for Credit Card Portfolios

Crook and Bellotti. (2009).
Research output: Working paper.

Asset Correlation for Credit Card Defaults

Crook. (2009).
Research output: Paper.

Wealth effects to bidding companies from regulatory interventions in the UK

Jones and Crook. (2009) Applied Financial Economics 19 (8). 625-634.
Research output: Article.

The affects of health shocks and house prices on debt holdings by older Americans

Crook and Hochguertel, S. (2009).
Research output: Working paper.
View / download (open access)

Dynamic Models of Consumer Risk

Keynote Presentation

Bellotti and Crook. (2009).
Research output: Paper.

The Effects of Credit Constraints on the Sensitivity of Household Debt to Interest Rate Changes

Hochguertel, S. and Crook. (2009).
Research output: Working paper.

Dynamic Models of Consumer Risk

Crook and Bellotti. (2009).
Research output: Paper.

Macroeconomic Dynamic Factors in Corporate Bond Default Prediction

Crook and Papanastasiou, D. (2009).
Research output: Working paper.

Dynamic Risk Models and Stress Testing for Credit Card Portfolios

Crook and Bellotti. (2009).
Research output: Paper.

Credit scoring with macroeconomic variables

Crook and Bellotti. (2008).
Research output: Paper.

Credit Scoring in the Context of the European Integration: is there a future for generic models?

Andreeva, G., Ansell and Crook, J. (2008) Journal of Financial Transformation 23. 129-134.
Research output: Article.

Household debt and credit constraints: comparative micro-evidence in four OECD countries

Crook and Hochguertel, S. (2008).
Research output: Paper.

Liquidity Constraints and Household Wealth: An Empirical Dynamic Panel Model

Crook and Hochguertel, S. (2008).
Research output: Working paper.

Credit Scoring with Macroeconomic Variables

Crook and Bellotti. (2007).
Research output: Paper.

CEO Turnover in the UK following recent domestic cross border deals

Han, J., Andre, P. and Crook. (2007).
Research output: Working paper.

Household debt and credit constraints: comparative micro evidence from four OECD countries

Crook and Hochguertel, S. (2007).
Research output: Paper.

Houshold debt and credit constraints: microevidence from Four OECD countries

Crook, J. and Hochguertel. (2007).
Research output: Other.

Reject Inference, Augmentation and Sample Selection

Banasik and Crook. (2007) European Journal of Operational Research 183. 1582-1594.
Research output: Article.
View / download (open access)

Recent Developments in Consumer Credit Risk Assessments

Crook, Edelman, D. and Thomas, L .C. (2007) European Journal of Operational Research 183. 1447-1465.
Research output: Article.

Modelling Profitability using Survival Combination Scores

Andreeva, Ansell and Crook. (2007) European Journal of Operational Research 183. 1537-1549.
Research output: Article.

Credit Scoring augmentation and lean models

Banasik and Crook. (2005) Journal of the Operational Research Society 56. 1072-1081.
Research output: Article.

Modelling the Purchase Propensity: Analysis of a Revolving Store Card

Andreeva, Ansell and Crook. (2005) Journal of the Operational Research Society 56. 1041-1050.
Research output: Article.

The Role of Private Knowledge in Reducing the Information Wedge: A Research Note

Crook and Hanley, A. (2005) Journal of Business Finance & Accounting 32. 415-433.
Research output: Article.

The higher cost of follow up loans

Crook and Hanley, A. (2005) Small Business Economics 24. 29-38.
Research output: Article.

The impact of anti-discrimination laws on credit scoring

Andreeva, Ansell and Crook. (2004) Journal of Financial Services Marketing 9. 22-33.
Research output: Article.

Does reject inference really improve the performance of application scoring models?

Crook and Banasik. (2004) Journal of Banking & Finance 28. 857-874.
Research output: Article.
View / download (open access)

Sample selection bias in credit scoring models

Banasik, J., Crook, J. and Thomas, L. (2003) Journal of the Operational Research Society 54. 822-832.
Research output: Article.

Credit Scoring and its Applications

Crook. (2002) Journal of the Operational Research Society 52. 997-1006.
Research output: Article.

Recallibrating Scorecards

Banasik and Crook. (2001) Journal of the Operational Research Society 52. 1045-1056.
Research output: Article.

Credit Scoring and its Applications

Crook, Edelman, D. and Thomas, L .C. (2001) Journal of the Operational Research Society 52. 997-1006.
Research output: Article.

Sample Selection Bias in Credit Scoring Models

Banasik and Crook. (2001) Credit Scoring and Credit Control V11 Conference.
Research output: Article.

Recalibrating scorecards

Banasik, Crook and Thomas, L .C. (2001) Journal of the Operational Research Society 52. 981-988.
Research output: Article.

The power to borrow and lend: investigating the cultural context as part of the lending decision

Crook, Kemp, R., Maznevski, M .L. and Overstreet, G .A. (2001) Journal of the Operational Research Society 52. 1045-1056.
Research output: Article.

The demand for household debt in the USA: evidence from the 1995 Survey of Consumer Finance

Crook. (2001) Applied Financial Economics 11. 83-92.
Research output: Article.

The Demand for Household Credit: Evidence from the 1995 Survey of Consumer Finance

Crook. (2001) Applied Financial Economics 11. 83-92.
Research output: Article.

Scoring by Usage

Banasik, Crook and Thomas, L .C. (2001) Journal of the Operational Research Society 52. 997-1006.
Research output: Article.

Credit Scoring and its Applications

Crook. (2000) Society for Industrial and Applied Mathematics.
Research output: Article.

Credit scoring using Neural and Evolutionary Techniques

Crook, Ross, P. and Yobas, M. (2000) IMA Journal of Mathematics Applied in Business and Industry 11. 111-125.
Research output: Article.

Who is discouraged from applying for credit?

Crook. (1999) Economics Letters 65. 165-172.
Research output: Article.

Not If But When Borrowers Will Default

Banasik, J., Crook, J .N. and Thomas, L .C. (1999) Journal of the Operational Research Society 50. 1185-1190.
Research output: Article.

Not If But When

Banasik and Crook. (1998) Journal of the Operational Research Society.
Research output: Article.

The demand for household debt in the US: Evidence from the 1995 Survey of Consumer Finance

Crook. (1998) Applied Financial Economics.
Research output: Article.

A Comparison of Neutral Networks, Genetic Algorithms and Linear Scoring Models in the Credit Union Environment

Crook, Conway, D .G., Desai, V .S. and Overstreet, G. (1997) IMA Journal of Mathematics Applied in Business and Industry 8. 323-346.
Research output: Article.

Credit Scoring an overview

Crook. (1997) Journal of Financial Services Marketing 2. 152-174.
Research output: Article.

Credit Scoring Models in the Credit Union Environment Using Neural Networks and Genetic Algorithms

Desai, V. (1997) IMA Journal of Mathematics Applied in Business and Industry 8 (4). 323-346.
Research output: Article.

Does co-operation in auditing matter? A comparison of a non-cooperative and a cooperative model of auditing

Cook, J., Hatherly, D., Nadeau, L. and Thomas, LC. (1997) European Journal of Operational Research 103 (3). 470-482.
Research output: Article.

A Comparison of a Neural Network and Classical Techniques for Credit Scoring

Crook, Desai, V .S. and Overstreet, G. (1996) European Journal of Operational Research 95. 24-36.
Research output: Article.

A Comparison of Neural Networks and Linear Scoring Models in the Credit Union Environment

Crook. (1996) European Journal of Operational Research 95. 24-37.
Research output: Article.

Credit Constraints and US Households

Crook. (1996) Applied Financial Economics 6. 477-485.
Research output: Article.

A Comparison of a Neutral Network and Classical Techniques for Credit Scoring

Crook. (1996) European Journal of Operational Research 5. 24-37.
Research output: Article.

Short and Long Run Movements in US Merger Activity

Crook. (1996) Review of Industrial Organisation 11. 307-323.
Research output: Article.

Does Scoring a Subpopulation Make a Difference?

Banasik, Crook and Thomas, L .C. (1996) International Review of Retail, Distribution and Consumer Research 6. 180-195.
Research output: Article.

Credit Scoring: An Overview

Crook. (1996) European Journal of Operational Research 95. 24-37.
Research output: Article.

Time Series Explanations of Merger Activity: Some Econometric Results

Crook. (1995) International Review of Applied Economics 9. 59-85.
Research output: Article.

Credit Cards: Haves, Have-Nots and Cannot-Haves

Crook, Hamilton, R. and C. (1994) Service Industries Journal 14. 204-215.
Research output: Article.

A Comparison of a Credit Scoring Model with a Credit Performance Model

Crook, Hamilton, R. and C. (1992) Service Industries Journal 12. 558-575.
Research output: Article.

The Degradation of the Scorecard over the Business Cycle

Crook, Hamilton, R. and C. (1992) IMA Journal of Mathematics Applied in Business and Industry 4. 497-509.
Research output: Article.

Credit Card Holders: Users and Non-Users

Crook, Hamilton, R. and C. (1992) Service Industries Journal 12. 251-262.
Research output: Article.