Showing 1 - 10 of 23
over-allocated. Demand for water exceeds the available supply. Essentially, the water economy is bankrupt. Bankruptcy … of the paper is that the connection between the bankruptcy literature, which has recently also realized the importance of …
Persistent link: https://www.econbiz.de/10009353530
This paper empirically investigates the causes of bank failures in Japan and Indonesia. Using logistic regression analysis of financial ratios, we explore the usefulness of domestic bank failure prediction models with a cross-country model that allows for cross-correlation of the error terms....
Persistent link: https://www.econbiz.de/10009278271
The variation in the degree of price regulation in the property-liability insurance market in Canada varies across time and space, creating an opportunity to test a recurring theory in regulatory economics: that price regulated firms have higher levels of financial leverage. Using an...
Persistent link: https://www.econbiz.de/10005837467
regulators. Prior research suggests that firms increase their financial leverage, and thus their probability of bankruptcy and … expected bankruptcy costs, in order to mitigate the severity of binding price ceilings. Although financial leverage can be … insurers as well as the probability of bankruptcy, the non-selection probability. …
Persistent link: https://www.econbiz.de/10005837519
A demonstration that violations of the absolute priority rule exacerbate credit rationing problems by reducing the payment lenders receive in default states.
Persistent link: https://www.econbiz.de/10005526659
This paper aims to identify the financial ratios that are most significant in bankruptcy prediction for the non … examined for a five-year period prior bankruptcy. The discriminant analysis produced a parsimonious model of three variables …
Persistent link: https://www.econbiz.de/10008805859
The entire market of Polish financial broker-dealer was examined. The research was conducted on the first year of implementation of the capital requirements disclosure. There was identified a relation between accounting and supervisory disclosure requirements. A relation between audit opinions...
Persistent link: https://www.econbiz.de/10011108192
bankruptcy proceeding in these countries are outlined. …
Persistent link: https://www.econbiz.de/10011108279
This paper is a critical review of the variable selection methods used to build empirical bankruptcy prediction models … thus the accuracy of the predictions. We first analyze those variables that are considered the best bankruptcy predictors …
Persistent link: https://www.econbiz.de/10011110970
Under the assumption that asset markets are incomplete, this paper introduces bankruptcy in an intertemporal … argues that intervention in the form of a level of bankruptcy exemption can enhance not only social welfare but also … distributive equity. The bankruptcy law is carefully specified in the model. The model generates distributional changes in …
Persistent link: https://www.econbiz.de/10005401865