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 …

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. …

defaults and bankruptcy. Building on a simple model for the joint determination of the repayments of interbank claims, this …

the distribution probability of the shock, evaluate a bankruptcy risk and, at the second stage, firms are engaged in a … increases the bankruptcy probability of the merging firms while a similar merger concerning unleveraged firms or between the two … categories of firms leads to a decrease in the bankruptcy probability of leveraged firms. Moreover, the minimum number of firms …

The evolutions of the bankruptcy law seek to reach many aims: economic safety, firms' creation and expansion in a … ability to protect creditors' interest of the bankruptcy law. We show that far from being only one means of selection thanks … to which the market could be cleared of its failing agents, the bankruptcy law opens a non commercial space of resolution …

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 …