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A financial distress of company should be able anticipated smartly by its management to rerun the business without having any loss due to business failure. Thus, we need a model which could provide an early signal to company the probability of financial distress so that remedial efforts can be...
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companies listed on the Indonesia Stock Exchange. This study uses annual data for the observation period from 2012 to 2016. The … the Indonesia Stock Exchange in 2012 up to 2016 a number of 5 companies. The sampling technique used purposive sampling … stock returns on the Indonesia Stock Exchange for the period 2012-2016 …
Persistent link: https://www.econbiz.de/10012832539
ownerships toward company’s stock repurchase (An empirical study of Indonesia stock exchange public listed companies). Many … Indonesia Stock Exchange (IDX) during the period of 2010–2014. The major criteria is that companies are consistently published … overview of the factors of undervaluation, free cash flow ownerships toward company’s stock repurchase in Indonesia which can …
Persistent link: https://www.econbiz.de/10013246604
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This study is motivated by the continuing popularity of the Altman Z-score as a measure of distress risk. Altman first introduced the ‘Z' score in 1968 and 50 years later it is still going strong as a means to predicting bankruptcy. During these 50 years, academicians have studied the...
Persistent link: https://www.econbiz.de/10012893618
We estimate and test several default risk models using new and unique data on corporate defaults in the German stock market. While defaults were extremely rare events in the 1990s, they have been a characteristic feature of the German stock market since the early 2000s. We apply the structural...
Persistent link: https://www.econbiz.de/10012983935
This study investigates the ability of three versions of Altman's Z-Score model (Z, Z', and Z”) of distress prediction developed in the U.S. to predict the corporate distress in the emerging market of Sri Lanka. The results show that these models have a remarkable degree of accuracy in...
Persistent link: https://www.econbiz.de/10013152873
We document the negative effect of stock liquidity on default risk for a sample of 46 countries. We further find that default risk declines following the introduction of the Directive on Markets in Financial Instruments (MiFID)—an exogenous shock that increases liquidity. The effect of...
Persistent link: https://www.econbiz.de/10012854783
Institutional investors have grown substantially in international, mature markets in last two decades parallel with the increase in their impact. They seek to own large proportions of equities; as a result they have become influential on the performance of companies in which they invest....
Persistent link: https://www.econbiz.de/10013054556