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Bankruptcies of Small Firms and Lending Relationship
Shimizu, Katsutoshi - 2012
This paper empirically investigates the role played by relatively small banks in the Japanese local credit market. We test the hypothesis that small banks enhance the recovery rate from the financial distress and reduce the bankruptcy ratio of small firms. Empirical evidence suggests that small...
Persistent link: https://www.econbiz.de/10013102565
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Financial frictions, real estate collateral, and small firm activity in Europe
Banerjee, Ryan; Blickle, Kristian - 2018
We observe significant heterogeneity in the correlation between changes in house prices and the growth of small firms across certain countries in Europe. We find that, overall, the correlation is far greater in Southern Europe than in Northern Europe. Using a simple model, we show that this...
Persistent link: https://www.econbiz.de/10011904686
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Small Business Financial Distress and the 'Phoenix Syndrome' — A Re-Evaluation
Rotem, Yaad - 2013
In a typical "phoenix syndrome" scenario, a small business entrepreneur who controls the financially distressed Company A registers Company B, to which the assets of Company A are transferred in what appears to be fraudulent conveyance. Company B serves as a vehicle through which the business is...
Persistent link: https://www.econbiz.de/10013071900
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Changes in Personal Bankruptcy Protection Laws : The Impact on Bank Lending to Small Businesses
Damm, Jason - 2019
In the U.S., individual parties who file for bankruptcy can exempt a certain dollar amount of property from creditor liquidation during the debt settlement process. We examine the effect of changes to these protection laws on bank lending to small businesses. Our results indicate that additional...
Persistent link: https://www.econbiz.de/10012898163
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A Study of Applicability of Bankruptcy Prediction Models for Small Businesses
Kiseleva, Elena - 2020
The paper investigates predictive ability of existing bankruptcy prediction models suitable for small business by using dates of accounting report of Russian's firms. Combination of financial ratios analysis with bankruptcy prediction models' testing made it possible to identify the models...
Persistent link: https://www.econbiz.de/10012825156
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Bankruptcy Prediction : SMEs Case Study in Pontianak, Indonesia
Hamzani, Umiaty - 2018
that neither of the SME groups are predicted bankrupt under the financial distress model. Furthermore, the independent …
Persistent link: https://www.econbiz.de/10012924028
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Insolvency Risk of European SMEs during Pandemic
Kaya, Orcun - 2021
, this paper focuses on the insolvency risk of European SMEs and their access to finance around pandemic. We show that SME … have contributed notably to SME insolvency risk around this period. Heightened insolvency risk results in deterioration in … the European economy. Using a unique firm‐level survey data on SME financing conditions and a new measurement approach …
Persistent link: https://www.econbiz.de/10013238147
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Clustering Default Syndromes Across Italian SMEs
Modina, Michele; Zedda, Stefano - 2021
The quantitative analyses related to firms’ default prediction extensively analyzed which balance sheet ratios include significant information on the probability of default of a firm. These analyses are typically aimed at measuring a generic default risk, while no analyses are aimed at...
Persistent link: https://www.econbiz.de/10013242550
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The impact of consumer credit access on self-employment and entrepreneurship
Herkenhoff, Kyle; Phillips, Gordon M.; Cohen-Cole, Ethan - 2018
We examine how consumer credit access impacts self-employment and small business ownership by building a new dataset that links 3 million individual earnings and credit reports to pass-through tax records. We show that self-employment and employer business ownership increase with personal credit...
Persistent link: https://www.econbiz.de/10012104568
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Financial Risk in Micro, Small and Medium Enterprises
Prędkiewicz, Katarzyna - 2011
The article is about financial risk in micro, small and medium companies. The author presents empirical research connected with the degree of financial leverage and positive and negative effects of financial leverage in micro, small and medium companies and proofs that financial risk in micro...
Persistent link: https://www.econbiz.de/10013123809