Showing 1 - 10 of 1,565
This paper examines the post-pandemic performance of micro, small, and medium-sized firms using Self-Organizing Maps (SOMs), a type of Artificial Neural Network that groups patterns based on their similarities. The goal is to identify the key characteristics that enable firms to face market...
Persistent link: https://www.econbiz.de/10014505925
We investigate the takeover strategies of high default risk acquirers and their value impact. We find that these bidders select bigger, less profitable and unrelated targets, pursue transactions during recessions, and pay with shares by offering target shareholders high premiums. Their long-term...
Persistent link: https://www.econbiz.de/10012894337
This study aims to determine how payment disturbances in managers' earlier entrepreneurial practices (PDMs) predict corporate default. Classical financial ratios have often failed to predict the default of micro-, small- and medium-sized firms with high accuracy, and therefore, the extant...
Persistent link: https://www.econbiz.de/10014534507
Purpose The ownership structure in Japanese firms has experienced a significant change recently, fueled primarily by regulatory changes. This has important repercussions on corporate performance and risk. This paper examines the impact of insider ownership on the default risk of Japanese firms....
Persistent link: https://www.econbiz.de/10014636984
Persistent link: https://www.econbiz.de/10003326414
sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and … in all industries, but profitability and turnover are also essential for the group with the highest levels of insolvency … contribution of this paper is the analysis of insolvency in the two dimensions of survival and probability according to the …
Persistent link: https://www.econbiz.de/10012796113
Utilising a unique data set with annual accounts from around 37,000 Danish non-financial firms spanning one and a half decade or so, we offer microeconometric evidence on bankfirm relationships and the performance of non-financial firms during the financial crisis 2008-09. Two major conclusions...
Persistent link: https://www.econbiz.de/10009301082
The failure of one of the most prominent German merchant-banking houses of the early sixteenth century, Ambrosius and Hanns, the Brothers Höchstetter, and Associates, serves as the point of departure for an exploration of why early modern merchants failed and what the consequences of failure...
Persistent link: https://www.econbiz.de/10013134679
We investigate the propagation of contagion through banks' balance sheets in a two-country model. We simulate an increase in non-performing loans in one bank, and study the effects on other banks and the macro economy of each country. We show that credit crunches destabilize each economy in the...
Persistent link: https://www.econbiz.de/10013119825
Purpose of the paper: To test whether the qualitative variables regarding the territory and/or the firm-territory relationship can improve the accuracy rates of small enterprise business failure prediction models.Methodology: We applied logistic regression to a sample of 736 Italian small...
Persistent link: https://www.econbiz.de/10013071351