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Predicting financial distress : importance of accounting and firm-specific market variables for Pakistan' s listed firms

Waqas, Hamid; Rohani, Md-Rus - In: Cogent economics & finance 6 (2018) 1, pp. 1-16

This study is intended to identify the predictors of financial distress for the Pakistani firms. Variables used are the financial ratios representing profitability, liquidity, leverage, and cash flows, as well as two important market factors which are size and idiosyncratic standard deviation of...

Persistent link: https://www.econbiz.de/10012023254

Efficacies of artificial neural networks ushering improvement in the prediction of extant credit risk models

Aranha, Meera; Bolar, Kartikeya - In: Cogent economics & finance 11 (2023) 1, pp. 1-13

Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a … had caused ambiguity. A significant factor that has increased the probability of bankruptcy in recent times has been the … Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a …

Persistent link: https://www.econbiz.de/10014500824

An alternative to the standardized approach for assessing credit risk under the Basel accords

Konno, Yukiko; Itoh, Yuki - In: Cogent economics & finance 4 (2016) 1, pp. 1-13

The current standardized approach for assessing credit risk under Basel III depends on ratings assigned by credit rating agencies (CRAs). However, this approach presents three problems. First, the definitions of ratings used by CRAs to assess the likelihood of default and recovery rates are not...

Persistent link: https://www.econbiz.de/10011531140

Efficiently monitoring the ship of financially distressed companies sinking in Iron law of earnings management : evidence from Pakistan

Khalid, Muqaddas; Abbas, Qaisar; Nazir, Mian Sajid - In: Cogent economics & finance 8 (2020) 1, pp. 1-15

The purpose of this study is to validate the relationship between earnings management and financial distress. Further, it will explore the moderating role of ownership structure for the relationship between earnings management and financial distress which is missing in the current literature....

Persistent link: https://www.econbiz.de/10013179660

Generalized additive model with embedded variable selection for bankruptcy prediction : prediction versus interpretation

Valencia, Carlos; Cabrales, Sergio; Garcia, Laura; … - In: Cogent economics & finance 7 (2019) 1, pp. 1-14

prediction of bankruptcy. The main purpose is to explore an innovative way to close the gap between interpretation and prediction …

Persistent link: https://www.econbiz.de/10012023886

Market reactions to financial distress announcements : do political connections matter?

Ahmad, Abd Halim; Nur Adiana Hiau Abdullah; Kamarun … - In: Cogent economics & finance 6 (2018) 1, pp. 1-8

We examined market reactions to the financial distress announcements of listed firms in Malaysia. We investigated whether the market differentiates between the politically connected and non-politically connected vis-a-vis the outcomes at the time of the announcements. There is evidence of...

Persistent link: https://www.econbiz.de/10011905689

Determinants of European bank risk during financial crisis

Jabra, Wiem Ben; Mighri, Zouheir; Mansouri, Fayçal - In: Cogent economics & finance 5 (2017) 1, pp. 1-20

This paper examines the determinants of European bank risk-taking during major financial crisis. Using a sample of banks from 26 countries over the period 2005–2015, we examine the nature of the relationship between bank risk, bank characteristics, regulatory, institutional and macroeconomic...

Persistent link: https://www.econbiz.de/10011877555

New perspectives on bank risk in Malaysia

Powell, R. J. - In: Cogent economics & finance 5 (2017) 1, pp. 1-15

Stable banks in individual ASEAN countries are essential to the economic stability of the ASEAN region as these countries move towards the goal of greater financial integration in the region. This study comprehensively explores bank risk in Malaysia as compared to the ASEAN region over an...

Persistent link: https://www.econbiz.de/10011881093

Competition and distress in banks in India : an application of panel data

Kanoujiya, Jagjeevan; Rastogi, Shailesh; Bhimavarapu, … - In: Cogent economics & finance 10 (2022) 1, pp. 1-20

Financial distress (FD) is a crucial issue that needs to be resolved in time; otherwise, it may adversely influence society’s areas. Therefore, identifying the factors responsible for FD and how these factors affect FD is an exciting area of research. Given this, this paper proposes...

Persistent link: https://www.econbiz.de/10013369346

Corporate governance and financial distress : an endogenous switching regression model approach in Vietnam

Khiem Dieu Truong - In: Cogent economics & finance 10 (2022) 1, pp. 1-17

This study aims to determine the impact of Corporate Governance on the relationship between the macro and micro factors causing financial distress in 240 Vietnamese listed non-financial firms. The study also investigates the marginal benefits of different corporate governance practices by...

Persistent link: https://www.econbiz.de/10013400001