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(measured by market capitalization) and liquidity (measured by the free-float coefficient), the values of the beta coefficients …
Persistent link: https://www.econbiz.de/10013113257
In this paper, to begin with, we define soft information as qualitative, subjective information produced by banks through the establishment of long-term lending relationships. We then highlight the importance of soft information for cooperative and social banks in the screening, pricing and...
Persistent link: https://www.econbiz.de/10013052598
The aim of this article is to prove the key role of the structure of the research sample used for accuracy determining on the accuracy of bankruptcy models. The creators of these models report the accuracy usually in the range of 60 to 90%. The authors of this article claim that these values are...
Persistent link: https://www.econbiz.de/10012175694
This paper examines the performance of two commonly applied bankruptcy prediction models, the accounting ratio-based Altman Z-Score model, and the structural Distance to Default model which currently underlies Morningstar's Financial Health Grade for public companies (Morningstar 2008)....
Persistent link: https://www.econbiz.de/10013156771
This paper addresses the theoretical foundations of corporate failure prediction, using the neo-classical theory of … compared to the multitude of theory-less empirical studies and a useful alternative to the default theory …
Persistent link: https://www.econbiz.de/10012975529
Using hazard analysis procedures, this study undertakes a longitudinal examination of Israeli Nonprofit Organizations' (NPOs') financial vulnerability arising from governmental funding instability. Funding instability is characterized by time-at-risk, which measures the level of financial...
Persistent link: https://www.econbiz.de/10012108375
The present paper explores the possibility of forecasting company liquidity based on testing the coefficient of … variability. Secondly, it analyzes static and dynamic liquidity measures to ascertain which are better at prediction in the …-based businesses listed on the Warsaw Stock Exchange. Poland is an example of a developing market that has undergone a transformation …
Persistent link: https://www.econbiz.de/10010390525
One of the elements of company’s evaluation is ratio analysis. It includes computation of bankruptcy risk metrics. There are multiple such measures, of which two seem to be quite universal and commonly applied. These are current ratio and indebtedness ratio. In this study, the accuracy of...
Persistent link: https://www.econbiz.de/10011698223
Company bankruptcies are an inseparable element of market economy. We may observe the tendency to view bankruptcy as a problem of weak and usually small entities facing problems when trying to meet the challenge posed by strong competition. Big companies, however, also fall, and their bankruptcy...
Persistent link: https://www.econbiz.de/10011455376
The aim of this paper is to present corporate default prediction models constructed in the specific market conditions that prevail in the Republic of Serbia, and to compare their prediction accuracy with the most frequently used model – Altman's Z-score. Many authors have constructed models...
Persistent link: https://www.econbiz.de/10013071639