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Constructing a corporate bankruptcy prediction model for the Indian steel industry

Mariappan, Selvarani; Masilamani, Jebanandhini; Rani, … - In: International journal of public sector performance … 8 (2021) 3, pp. 273-288

Persistent link: https://www.econbiz.de/10012696818

Successful metamorphosis or not? : a case study of the bankruptcy reorganization of Northeast Special Steel

Lu, Lu; Sheng, Yuhua - In: Modern economy 10 (2019) 5, pp. 1419-1429

Persistent link: https://www.econbiz.de/10012104924

Dynamic prediction of relative financial distress based on imbalanced data stream : from the view of one industry

Sun, Jie; Zhou, Mengjie; Ai, Wenguo; Li, Hui - In: Risk management : a journal of risk, crisis and disaster 21 (2019) 4, pp. 215-242

Persistent link: https://www.econbiz.de/10012125341

A dialogue on the costs and benefits of automatic stays for derivatives and repurchase agreements

Duffie, Darrell; Skeel, David - 2012 - Last rev.: March 04, 2012

For nearly two years, the two of us have had a running discussion of the costs and benefits of automatic stays in bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by systemically important major dealer banks. Under current...

Persistent link: https://www.econbiz.de/10009504439

Corporate failure and the business cycle : measuring systematic risk

Ogneva, Maria; Piotroski, Joseph D.; Zakolyukina, … - 2016

In this paper, we use accounting fundamentals to measure systematic risk of distress. Our main testable prediction—that this risk increases with the probability of recessionary failure, P(R|F)—is based on a stylized model that guides our empirical analyses. We first apply the lasso method to...

Persistent link: https://www.econbiz.de/10011524470

Earning volatility, capital structure decisions and financial distress by SEM

Ghasemzadeh, Morteza; Heydari, Mehdi; Mansourfar, Gholamreza - In: Emerging markets, finance & trade : a journal of the … 57 (2021) 9, pp. 2632-2650

Persistent link: https://www.econbiz.de/10012549936

Financial distress and the role of management in micro and small-sized firms

Alexandre, Fernando - 2021

In this paper, we focus on the managerial characteristics of micro and small-sized firms. Using linked employer-employee data on the Portuguese economy for the 2010-2018 period, we estimate the impact of management teams’ human capital on the probability of firms becoming financially...

Persistent link: https://www.econbiz.de/10012630480

Cash holdings and credit risk

Acharya, Viral V.; Davydenko, Sergei A.; Strebulaev, Ilya A. - 2012

Intuition suggests that firms with higher cash holdings should be 'safer' and have lower credit spreads. Yet empirically, the correlation between cash and spreads is robustly positive. This puzzling finding can be explained by the precautionary motive for saving cash, which in our model causes...

Persistent link: https://www.econbiz.de/10010206259

The bank as grim reaper : debt composition and bankruptcy thresholds

Carey, Mark S.; Gordy, Michael B. - 2016

We offer a model and evidence that private debtholders play a key role in setting the endogenous asset value threshold below which corporations declare bankruptcy. The model, in the spirit of Black and Cox (1976), implies that the recovery rate at emergence from bankruptcy on all of the firm's...

Persistent link: https://www.econbiz.de/10011578370

Confronting the zombies : policies for productivity revival

Andrews, Dan; McGowan, Muge Adalet; Millot, Valentine - 2017

much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and … the personal costs associated with entrepreneurial failure. Insolvency regime reform can not only address the … markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …

Persistent link: https://www.econbiz.de/10011779088

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