Betting markets are efficient if expected payouts on all possible bets on an event are equal. We compare two regression-based methods for testing for efficiency that have been used in previous research: One that uses normalized probabilities as the explanatory variable for payouts and one that...

This paper presents a regression procedure for inhomogeneous data characterized by varying variance, skewness and kurtosis or by an unequal amount of data over the estimation domain. The concept is based first on the estimation of the densities of an observed variable for given values of...

The study evaluates the influence of cash flow on the financial distress of private listed enterprises on the Vietnamese stock market from 2010 to 2020. We use the data collected from the financial statements of 263 private non-financial enterprises listed on the Ho Chi Minh and Hanoi stock...