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The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall...
Persistent link: https://www.econbiz.de/10011259056
most part transferred from the corresponding German Insolvenzordnung (Insolvency law), German experiences in this field are …) insolvency causes will be studied. Euler Hermes Kreditversicherung and the Center for Insolvency and Reorganization at the … exhibited in the third section, as well as an overview of the less recent Wieselhuber & Partner (2003) study of the insolvency …
Persistent link: https://www.econbiz.de/10005789381
After ten years of Asian crisis, it is still unclear what the roots of crises are really. This paper seeks to the explanation of the evolution of the capitalism system in Indonesia for gaining an important indication of the root of crisis as well as the future risk of crises of the Indonesia’s...
Persistent link: https://www.econbiz.de/10005835385
This paper reveals why foreign ownership participation matters in the sensitivity relationship between investment and the internal liquidity of listed companies in Indonesia. This paper finds that foreign-owned enterprises are less financially constrained than domestic-owned ones, especially in...
Persistent link: https://www.econbiz.de/10005835402
The paper first investigates the causes of the recent financial and liquidity crisis in the US and all over the world as a preliminary phase of the imminent recession. It then questions Paulson-Bernanke’s plan as a solution to the crisis and ponders over the differences between EU plan and the...
Persistent link: https://www.econbiz.de/10005835450
The paper deals with the application of the basic indicator of evaluating profitability in the context with alternative costs. The aim of this paper is the evaluation of the efficiency of handling financial means of stockholders with companies traded on the stock exchange by means of the basic...
Persistent link: https://www.econbiz.de/10005835494
An adequate rate of return on capital yielded by the regulated firms is a central issue related to the new cost-based approach adopted by the Brazilian Telecommunication Regulatory Agency (Anatel). In this context, careful attention must be given to the Weighted Average Cost of Capital (WACC)...
Persistent link: https://www.econbiz.de/10005835536
This paper presents evidence on the use of derivative contracts in the risk management process of Greek non-financial firms and its potential impact on firm value. The sample of the research consists of 81 Greek non-financial firms with exposure to financial risks that are listed in the Athens...
Persistent link: https://www.econbiz.de/10005835560
In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...
Persistent link: https://www.econbiz.de/10005835562
This paper examines the impact of macro fluctuation on firm’s balance sheet to understand firm’s net worth as well as the corporate distress probability. We argue that debt policies could be pro-cyclical, since it enhances corporate distress risk when currency depreciation comes.
Persistent link: https://www.econbiz.de/10005835641