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The role of financial constraint factors in predicting SME default
Karas, Michal; Režňáková, Mária - In: Equilibrium : quarterly journal of economics and … 16 (2021) 4, pp. 859-883
Persistent link: https://www.econbiz.de/10012798670
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Liquidity Yield and Exchange Rate Predictability
Chen, Shiu‐Sheng - 2020
In this paper, we extend the Taylor rule model of exchange rate determination by incorporating the liquidity yield on … government bonds and investigate exchange rate predictability. We find that the liquidity yield on government bonds delivers …-sample and out-of-sample tests. In particular, the model with liquidity yield exhibits superior predictive power after the …
Persistent link: https://www.econbiz.de/10012837259
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Group affiliation and default prediction
Beaver, William H.; Cascino, Stefano; Correia, Maria; … - 2018
Using a large sample of business groups from more than one hundred countries around the world, we show that group information matters for parent and subsidiary default prediction. Group firms may support each other when in financial distress. Potential group support represents an off-balance...
Persistent link: https://www.econbiz.de/10011864989
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Distressed Firm and Bankruptcy Prediction in an International Context : A Review and Empirical Analysis of Altman's Z-Score Model
Altman, Edward I. - 2014
The purpose of this paper is firstly to review the literature on the efficacy and importance of the Altman Z-Score bankruptcy prediction model globally and its applications in finance and related areas. This review is based on an analysis of 33 scientific papers published from the year 2000 in...
Persistent link: https://www.econbiz.de/10013040473
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Altman’s Z-Score Models of Predicting Corporate Distress : Evidence from the Emerging Sri Lankan Stock Market
Samarakoon, Lalith P. - 2010
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
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Turnaround Prediction Model with Content Dimension on Financial Distressed Firms
Submitter, GATR Journals - 2021
Objective - This article aims to examine the influence of content dimensions of Organization Change Theory, such as CEO Expertise, Free Assets, Debt to Equity Ratio and Growth of Sales, on a company's turnaround ability when it is experiencing financial distress. The companies examined are...
Persistent link: https://www.econbiz.de/10013223165
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Modeling and forecasting currency in circulation for liquidity management in Nigeria
Ikoku, Alvan - In: CBN journal of applied statistics 5 (2014) 1, pp. 79-104
This paper presents forecasts of currency in circulation prepared for liquidity management at the Central Bank of …
Persistent link: https://www.econbiz.de/10011474285
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Zur Qualität professioneller Wechselkursprognosen
Schmidt, Robert - 2003
Die Berücksichtigung der zukünftigen Entwicklung des Wechselkurses ist sowohl für internationale Unternehmen als auch für international tätige Investoren unabdingbar. Allerdings ist die Erstellung von Wechsel- kursprognosen schwierig, da bis zum heutigen Zeitpunkt kein allgemein anerkanntes...
Persistent link: https://www.econbiz.de/10010305747
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Housing cycles and exchange rates
Ma, Sai; Zhang, Shaojun - 2019
This paper documents that the housing cycle, measured by the residential investment share, is a strong in-sample and out-of-sample predictor for the dollar up to twelve quarters. Housing construction is negatively associated with risk premia in equity and bonds, but positively with foreign...
Persistent link: https://www.econbiz.de/10012120212
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Information Spillovers and Predictable Currency Returns : An Analysis via Machine Learning
Jia, Yuecheng - 2020
This paper employs the post — Least Absolute Shrinkage and Selection Operator (post — LASSO) to make rolling 1-month--ahead currency excess return forecasts using all other currencies' lagged forward discounts as candidate predictors. The trading strategy of buying (selling) quintile...
Persistent link: https://www.econbiz.de/10012850361