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Assessment of the bankruptcy risk based on the solvency ratio
Brîndescu-Olariu, Daniel - In: Theoretical and applied economics : GAER review 23 (2016) 3, pp. 257-266
Persistent link: https://www.econbiz.de/10011565060
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Bankruptcy risk, its financial determinants and reporting delays : do managers have anything to hide?
Lukason, Oliver; Camacho-Miñano, María-del-Mar - In: Risks : open access journal 7 (2019) 3/77, pp. 1-15
The aim of this study was to investigate whether firms’ reporting delays are interconnected with bankruptcy risk and its financial determinants. This study was based on 698,189 firm-year observations from Estonia. Annual report submission delay, either in a binary or ordinal form, was used as...
Persistent link: https://www.econbiz.de/10012127585
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Early warning indicators : the importance of performance measurement under special consideration of financial crises
Jäger, Clemens C.; Maciejewski, Katharina - 2011 - 1., Aufl.
Persistent link: https://www.econbiz.de/10009512571
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Liquidity, leverage, and Lehman : a structural analysis of financial institutions in crisis
Chen, Ren-Raw; Chidambaran, Nemmara; Imerman, Michael B.; … - In: Journal of banking & finance 45 (2014), pp. 117-139
Persistent link: https://www.econbiz.de/10010466618
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Analysis of bankruptcy threat for risk management purposes : a model approach
Wieczorek-Kosmala, Monika; Błach, Joanna; Trzęsiok, Joanna - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-17
In previous works, the importance of risk management implementation was addressed with regard to the problem of bankruptcy threat, with the explanation of risk impact on higher bankruptcy costs or the underinvestment problem. However, the evaluation of the impact of risk outcomes is technically...
Persistent link: https://www.econbiz.de/10011963925
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The effect of liquidity and solvency risk on the inclusion of bond covenants
Cook, Douglas O.; Fu, Xudong; Tang, Tian - In: Journal of banking & finance 48 (2014), pp. 120-136
Persistent link: https://www.econbiz.de/10010506929
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Financial Distress Risk Innovations and the Distress Risk-Return Relation
Liu, Xiaochun - 2017
We examine the puzzling negative relation between financial distress risk and the cross-section of expected returns. We find that the negative relation is most pronounced for up to six months after portfolio formation but after that, high distress stocks eventually earn persistently high...
Persistent link: https://www.econbiz.de/10012975215
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Liquidity Risk and Corporate Risk-Taking
Huang, Jing-Zhi - 2018
We construct a theoretical framework to investigate the impact of liquidity risk, in the secondary corporate debt market, on corporate risk-taking preferences. Using closed-form solutions, our model shows that equity holders choose to adopt high-risk projects upon the arrival of illiquidity...
Persistent link: https://www.econbiz.de/10012929427
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An application of Altman Z-score model to analyze the bankruptcy risk : cases of multidisciplinary enterprises in Vietnam
Diep Thanh Tung; Vo Thi Hoang Phung - In: Investment management and financial innovations 16 (2019) 4, pp. 181-191
Persistent link: https://www.econbiz.de/10012177667
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Insolvency risk and value maximization : a convergence between financial management and risk management
Gennaro, Alessandro - In: Risks : open access journal 9 (2021) 6, pp. 1-36
This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is … on insolvency risk will be defined by recalling the concepts of Cash Flow-at-Risk and Capital-at-Risk. A first check on … through a simulation model. The scenario analysis allows us to examine how financial and risk policies oriented by insolvency …
Persistent link: https://www.econbiz.de/10012597149