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Re-estimation and comparisons of alternative accounting based bankruptcy prediction models for Indian companies

Singh, Bhanu Pratap; Mishra, Alok Kumar - In: Financial innovation : FIN 2 (2016) 6, pp. 1-28

Background: The suitability and performance of the bankruptcy prediction models is an empirical question. The aim of … this paper is to develop a bankruptcy prediction model for Indian manufacturing companies on a sample of 208 companies …-estimated. Amongst the contesting models, the new bankruptcy prediction model outperforms other models. Conclusions: The industry …

Persistent link: https://www.econbiz.de/10011542461

COVID-19 pandemic risk and probability of loan default : evidence from marketplace lending market

Nigmonov, Asror; Shams, Syed - In: Financial innovation : FIN 7 (2021), pp. 1-28

As the COVID-19 pandemic adversely affects the financial markets, a better understanding of the lending dynamics of a successful marketplace is necessary under the conditions of financial distress. Using the loan book database of Mintos (Latvia) and employing logit regression method, we provide...

Persistent link: https://www.econbiz.de/10012705553

Machine learning predictivity applied to consumer creditworthiness

Aniceto, Maisa Cardoso; Barboza, Flavio Luiz de Moraes; … - In: Future Business Journal 6 (2020) 37, pp. 1-14

Credit risk evaluation has a relevant role to financial institutions, since lending may result in real and immediate losses. In particular, default prediction is one of the most challenging activities for managing credit risk. This study analyzes the adequacy of borrower's classification models...

Persistent link: https://www.econbiz.de/10012429706

Signals in equity-based crowdfunding and risk of failure

Reichenbach, Felix; Walther, Martin J. - In: Financial innovation : FIN 7 (2021), pp. 1-30

This study investigates signal validity in equity-based crowdfunding by examining whether signals that increase crowd participation are associated with higher post-offering success. Post-offering success is measured as the probability of survival. We use a hand-collected data set of 88 campaigns...

Persistent link: https://www.econbiz.de/10012594940

Audit expectation gap : an empirical analysis

Olojede, Paul; Erin, Olayinka Adedayo; Asiriuwa, Osariemen - In: Future Business Journal 6 (2020) 10, pp. 1-12

The financial debacles that occurred in the companies like Enron, WorldCom, and Xerox in the USA, Lehman Brothers, Polly Peck in the UK and African Petroleum Plc., Cadbury Plc., in Nigeria had created public distrust with the auditors. The era when the auditor will say "trust me" and that being...

Persistent link: https://www.econbiz.de/10012308322

How does an individual's default behavior on an online peer-to-peer lending platform influence an observer's default intention?

Tang, Ming Feng; Mei, Mei; Li, Cuiwen; Lv, Xingyang; … - In: Financial innovation : FIN 6 (2020) 36, pp. 1-20

Previous studies indicate that individuals’ default behaviors on online peer-to-peer (P2P) lending platforms greatly influence other borrowers’ default intentions. However, the mechanism of this impact is not clear. Moreover, there is scarce research in regard to which factors influence the...

Persistent link: https://www.econbiz.de/10012295978

Impact of sustainability on financial distress in the air transport industry : the moderating effect of Asia-Pacific

Shi, Yin; Li, Xiaoni; Asal, Maher - In: Financial innovation : FIN 9 (2023) 1, pp. 1-23

financial distress and bankruptcy. The Asia-Pacific region (APAC) contains more than half of the world's population, and its …

Persistent link: https://www.econbiz.de/10014364109

Adverse selection, loan access and default behavior in the Chilean consumer debt market

Madeira, Carlos - In: Financial innovation : FIN 9 (2023) 1, pp. 1-29

Why do households use different types of loans? Which factors cause borrowers to default? Using a comprehensive survey dataset from Chile, I estimate a partial information model of consumer debt access, lender choice, loan amount and default. The model consists of a first-stage multinomial logit...

Persistent link: https://www.econbiz.de/10014289050

Optimal bankruptcy regime4da literature review

Puchakayala, N. V. V. Satyanarayana; Veluchamyv, Ramanujam - In: Future Business Journal 9 (2023), pp. 1-10

An optimal bankruptcy regime is one which avoids taking/giving loans during financial crisis, provides a provision for … understanding the concept of optimal bankruptcy regime and its determinants in terms of merits and demerits. The study is purely of … qualitative nature followed by the method of synthesis of 50 previous studies. The study concludes that the optimal bankruptcy …

Persistent link: https://www.econbiz.de/10014381632

Repercussion of financial distress and corporate disclosure on the valuation of non-financial firms in India

Bhimavarapu, Venkata Mrudula; Rastogi, Shailesh; … - In: Future Business Journal 9 (2023), pp. 1-19

Distressed companies create panic among the investors, and the overall effect comes on the economy and leads to a degraded image and value of the companies. Transparency and disclosure involve disclosing the operational as well as the financial performance and corporate governance practices...

Persistent link: https://www.econbiz.de/10014381897