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Detection of frauds and identifying manipulated financial statements : a case study of aviation industry
Mehta, Kamakshi; Kaushik, Vaibhav - In: Finance India : the quarterly journal of Indian … 36 (2022) 3, pp. 1069-1082
Persistent link: https://www.econbiz.de/10013477607
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Bankruptcy in groups
Beaver, William H.; Cascino, Stefano; Correia, Maria M.; … - 2016
We examine bankruptcy within business groups. Groups have incentives to support financially distressed subsidiaries as the bankruptcy of a subsidiary may impose severe costs on the group as a whole. In several countries around the world, bankruptcy courts often “pierce the corporate veil”...
Persistent link: https://www.econbiz.de/10011862312
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Improving the efficacy of carbon tax policies
Appelbaum, Elie - In: Journal of government and economics : JGE 4 (2021), pp. 1-13
This paper examines the efficacy of carbon tax policies in view of the interactions between such policies and the firm’s carbon efficiency and financing decisions. We show that because the government, unlike capital markets, does not price its policy’s risk by taking into account default...
Persistent link: https://www.econbiz.de/10013263117
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Changes in corporate investment policy following the inception of credit default swap trade
Hong, Hyun A.; Ryou, Ji Woo; Srivastava, Anup - 2017
A credit default swap (CDS) enables a lender to hedge its risk exposure on a loan given to reference client. The lender then reduces the monitoring of the client's activities as well as aiding the distressed client. Two contrasting predictions can be made about how the borrower would respond to...
Persistent link: https://www.econbiz.de/10011756879
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Measuring the effect of bankruptcy laws on entrepreneurship across countries
Cumming, Douglas J. - In: Journal of entrepreneurial finance : JEF ; official … 16 (2012) 1, pp. 80-86
Two recent papers examine the impact of corporate bankruptcy laws on new business start-ups in 29 countries over 1990 - 2008 (Peng et al., 2010; Lee et al., 2010). In this commentary, I briefly point out two significant issues which future researchers might want to consider. First, several countries...
Persistent link: https://www.econbiz.de/10010345098
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Quiet Life No More? Corporate Bankruptcy and Bank Competition
Gormley, Todd A. - 2016
Pursuing delinquent borrowers requires considerable effort, and creditors may lack the incentive to exert this costly effort in uncompetitive banking sectors. To examine this, we use a uniquely large dataset of public and private corporate bankruptcy filings spanning a banking-sector reform that...
Persistent link: https://www.econbiz.de/10013008936
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Predicting corporate bankruptcy : a cross-sectoral empirical study : the case of Greece
Arnis, Nikolaos - In: International journal of business and economic sciences … 11 (2018) 3, pp. 31-56
Purpose: Beginning from the assumption that accrual accounting is useful in ensuring the high performance of management systems, this article investigates explanatory factors concerning the level of accrual accounting adoption in municipalities on the Indonesia island of Java....
Persistent link: https://www.econbiz.de/10012023557
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Personal bankruptcy in the Czech Republic : age and gender of the debtors and structure of the creditors
Hospodka, Jan; Buben, Ondřej; Randáková, Monika; … - In: European financial and accounting journal : EFAJ 12 (2017) 1, pp. 5-18
This paper analyses debtors who applied for debt relief in the period between 1/1/2012 and 31/12/2013. As there has already been a research related to Moravian and Silesian regions in this matter, it focuses mainly on the debtors from Bohemian regions. It is therefore an analysis of a problem...
Persistent link: https://www.econbiz.de/10011707026
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Company cost of capital and leverage : a simplified textbook relationship revisited
Haag, Valentin Georg; Koziol, Christian - In: Schmalenbach journal of business research : SBUR 75 (2023) 1, pp. 37-69
In this paper, we revisit a frequently employed simplification within the WACC approach that company cost of capital kV is supposed to be invariant to the debt ratio and therefore equal to the unlevered cost kU . Even though we know from Miles and Ezzell (1980) that kV formally differs from kU ,...
Persistent link: https://www.econbiz.de/10014325747
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What is the relationship between sales growth and insolvency risk?
Šarlija, Nataša; Šimić, Sanja; Đanković, Biljana - In: Naše gospodarstvo : NG 69 (2023) 3, pp. 1-11
insolvency. The goal of the paper is to explore the relationship between an enterprise's sales growth and its insolvency. The … between sales growth and insolvency. Better indicators exist with solvent andgrowing SMEs than with insolvent and non … of the relationship between sales growth and insolvency and empirically demonstrates that sales growth over 200% peryear …
Persistent link: https://www.econbiz.de/10014425519