This study investigates uncertainty levels of various industries and tries to determine financial ratios having the … in specified industries. Second, we use a method based on the concept of entropy to measure the level of uncertainty in … industries and also to single out the ratios that best reflect the uncertainty levels in specific industries. Finally, we conduct …

-level uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as industry-level uncertainty … from the Bundesbank's balance sheet database and show that greater uncertainty at the industry level causes firms to …

The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …

-liquidation insolvency proceedings, usually referred to as reorganization. Using the ECJ case law on the Directive, I conclude that although … capital do not present an insurmountable hurdle to the adoption of rational corporate insolvency law. As a side note, I also …