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Henselmann, Klaus; Gutbier, Manuel - 2010

The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are not used very much. Reasons that prevent their application and possibilities for their promotion are discussed.

Persistent link: https://www.econbiz.de/10010300002

Is the external audit report useful for bankruptcy prediction?

Muñoz-Izquierdo, Nora; Camacho-Miñano, María-del-Mar; … - In: International Journal of Financial Studies 7 (2019) 2, pp. 1-23

Despite the number of studies on bankruptcy prediction using financial ratios, very little is known about how external … bankruptcy situation with the same accuracy as if they had scrutinized the whole report. In addition, an extended literature … review is included, on previous studies on the interaction between bankruptcy prediction and the external audit information. …

Persistent link: https://www.econbiz.de/10013200198

Blockchains, Real-Time Accounting and the Future of Credit Risk Modeling

Byström, Hans - 2016

In this paper (letter) I discuss how blockchains potentially could affect the way credit risk is modeled, and how the improved trust and timing associated with blockchain-enabled real-time accounting could improve default prediction. To demonstrate the (quite substantial) effect the change would...

Persistent link: https://www.econbiz.de/10013208748

Did fair-value accounting contribute to the financial crisis?

Laux, Christian; Leuz, Christian - 2009

The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we...

Persistent link: https://www.econbiz.de/10010303680

The crisis of fair value accounting: Making sense of the recent debate

Laux, Christian; Leuz, Christian - 2009

The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge for FVA going forward and standard setters' push to extend FVA into other areas. In this article, we highlight four important issues as an...

Persistent link: https://www.econbiz.de/10010303740

Funding advantage and market discipline in the Canadian banking sector

Beyhaghi, Mehdi; D'Souza, Chris; Roberts, Gordon S. - 2013

We employ a comprehensive data set and a variety of methods to provide evidence on the magnitude of large banks' funding advantage in Canada, and on the extent to which market discipline exists across different securities issued by the Canadian banks. The banking sector in Canada provides a...

Persistent link: https://www.econbiz.de/10010335675

A Q-theory of banks

Beganau, Juliane; Bigio, Saki; Majerovitz, Jeremy; … - 2021

We document five facts about banks: (1) market and book leverage diverged during the 2008 crisis, (2) Tobin's Q predicts future profitability, (3) neither book nor market leverage appears constrained, (4) banks maintain a market-leverage target that is reached slowly, and (5) precrisis, leverage...

Persistent link: https://www.econbiz.de/10012705289

Méthodologie de construction de séries de taux de défaut pour l'industrie canadienne

Djoudad, Ramdane; Bordeleau, Étienne - 2013

Les taux de défaut sont des séries couramment utilisées dans les simulations de crise. Au Canada comme dans beaucoup d'autres pays, on ne dispose pas de séries rétrospectives relatives aux taux de défaut sectoriels sur les prêts bancaires aux entreprises. La connaissance de ces taux est...

Persistent link: https://www.econbiz.de/10010427076

Did life insurers benefit from TARP or regulatory forbearance during the financial crisis of 2008-2009?

Barnes, Michelle L. - 2016

Life insurers' odds of being placed under regulatory control (for example, conservatorship or receivership) during the financial crisis years of 2008 and 2009 increased with deteriorating fundamentals at a much higher rate than during normal times or during the previous recession. However, no...

Persistent link: https://www.econbiz.de/10011754821

The impact of liquidity on bank profitability

Bordeleau, Etienne; Graham, Christopher - 2010

The recent crisis has underlined the importance of sound bank liquidity management. In response, regulators are devising new liquidity standards with the aim of making the financial system more stable and resilient. In this paper, the authors analyse the impact of liquid asset holdings on bank...

Persistent link: https://www.econbiz.de/10010280016

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