This research investigates how bankruptcy law influences the design of debt contracts and the investment choice through … sanctions are implemented in case of costly bankruptcy only. This way of resolving financial distress can be avoided yet, if a … private agreement is achieved. First, – when sanctions are high – we show that costly bankruptcy may be preferred by honest …

performance of this technique is compared to the performance of 8 algorithms widely used in bankruptcy prediction. In terms of …

This paper studies the bankruptcy of USA banks since 2009. It first analyzes the financial symptoms that precede … bankruptcy, such as low profitability, insufficient revenue, or low solvency ratios. It also goes into the causes of these … a path modeling to bankruptcy based on structural equations, hypotheses tests and logistic regression. Results show that …