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Financial markets, bloated governments and the misallocation of capital

Savvides, Savvakis C. - In: Journal of finance and investment analysis 1 (2012) 2, pp. 201-219

, hedge funds and Credit Rating Agencies in managing investment risk and the expanded role of banks in investment and private … intermediaries and hedge funds. -- repayment capability ; project evaluation ; corporate lending, credit risk …

Persistent link: https://www.econbiz.de/10010079549

Is bankruptcy costly? : recent evidence on the magnitude and determinants of indirect bankruptcy costs

Singh, Bhabra Gurmeet; Yao, Yuan - In: Journal of applied finance & banking 1 (2011) 2, pp. 39-68

In this study we estimate indirect bankruptcy costs for a recent sample of large corporate bankruptcies in the United States over the period, 1997 to 2004. We find indirect bankruptcy costs of approximately 2%, 6.2% and 14.9% of firm value in years -3, -2 and -1 relative to the year of...

Persistent link: https://www.econbiz.de/10010009077

Implementation of the stress test methods in the retail portfolio

Siarka, Pawel - In: Journal of applied finance & banking 2 (2012) 6, pp. 15-29

Article refers to the issue of credit risk management in commercial banks. Particular attention is paid to the problem … extreme values theory, the conditional loss distribution function and the profitability analysis of the loan portfolio. The …. -- credit risk ; probability of default ; stress test ; profitability …

Persistent link: https://www.econbiz.de/10010118427

The rebuilding of the Cyprus economy

Savvides, Savvakis C. - In: Journal of finance and investment analysis 2 (2013) 2, pp. 107-123

capability ; project evaluation ; corporate lending ; credit risk …

Persistent link: https://www.econbiz.de/10010148292

Default forecasting considering correlation between business and credit cycles

Kanno, Masayasu - In: Journal of applied finance & banking 2 (2012) 5, pp. 275-305

. Firstly we model a corporate’s credit variable by the credit cycle index and her idiosyncratic risk factor, and consider the …

Persistent link: https://www.econbiz.de/10010058683

Factoring perspective : Croatia vs European Union

Baresa, Suzana; Bogdan, Sinisa; Ivanovic, Zoran - In: UTMS journal of economics / University of Tourism and … 3 (2012) 2, pp. 141-166

This paper points out the problems of liquidity, disposal and obtaining funds, inability to collect receivables, delayed payments in times of economic and financial instability and dynamic business upheavals and uncertainty. As a contribution to resolve these issues new alternative methods of...

Persistent link: https://www.econbiz.de/10010058714

Endogenous governance transparency and product market competition

Hidalgo-Cabrillana, Ana - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 1, pp. 113-136

This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...

Persistent link: https://www.econbiz.de/10010148154