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While there is increasing interest in crypto assets, the credit risk of these exchanges is still relatively unexplored. To fill this gap, we considered a unique dataset of 144 exchanges, active from the first quarter of 2018 to the first quarter of 2021. We analyzed the determinants surrounding...
Persistent link: https://www.econbiz.de/10012794905
Bharath and Shumway (2008) provide evidence that shows that it is the functional form of Merton’s (1974) distance to default (DD) model that makes it useful and important for predicting defaults. In this paper, we investigate whether the default predictability of the Merton DD model would be...
Persistent link: https://www.econbiz.de/10011553338
We examine the relation between corporate governance and bankruptcy risk as an underlying force affecting a bond …. We estimate bankruptcy risk by Z-score, by cash-flow-score, by O-score, through Merton structural model default … four objective methodologies we find that corporate governance is inversely related to bankruptcy risk. Yet, rating …
Persistent link: https://www.econbiz.de/10011555892
environment. That is why the problem of insolvency and bankruptcy prediction has been the subject of numerous studies focused on … effectively used in practice to analyze and signal the risk of insolvency and bankruptcy of a construction firms. Also, the …Prediction insolvency is one of the most important issues during creditworthiness assessment, especially in the turmoil …
Persistent link: https://www.econbiz.de/10012628749
Predicting bankruptcy of companies has been a hot subject of focus for many economists. The rationale for developing … deep learning models for corporate bankruptcy forecasting using textual disclosures. The study constructed a comprehensive … study model for predicting bankruptcy based on listed companies in Kenya. The study population included all 64 listed …
Persistent link: https://www.econbiz.de/10012174130
After providing a general overview of factors that make businesses economically vulnerable to pandemics (such as COVID-19), this article identifies specific elements that increase the vulnerability of businesses to pandemics. These specifics include the extent to which the demand for their...
Persistent link: https://www.econbiz.de/10012795378
US states have implemented lockdown measures to contain the COVID-19 pandemic. We assess the impact of state policy responses on local economic and health conditions, with the goal to shed light on marginal health benefits and economic costs associated with social distancing. We find that...
Persistent link: https://www.econbiz.de/10012587672
measures. For this, sample data consisted of 82 companies that had filed for bankruptcy under the Insolvency and Bankruptcy … sample size was 164 companies. Data for five years immediately preceding the bankruptcy filing was collected for the sample …
Persistent link: https://www.econbiz.de/10012626240
), support vector machine (SVM), and a deep neural network to predict bankruptcy using easily obtainable financial data of 3728 …
Persistent link: https://www.econbiz.de/10012814176
. Following bankruptcy reform, wealthier households under 50 reduced their arrears between 2004 and 2007. During the sub …
Persistent link: https://www.econbiz.de/10012417803