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White, Michelle J. - In: Handbook of law and economics : volume 2, (pp. 1013-1072). 2007

Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve … their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient … corporate bankruptcy is to reduce the cost of default by having a government-sponsored procedure that resolves all debts …

Persistent link: https://www.econbiz.de/10014023496

Modeling Share Prices of Banks and Bankrupts

Kitov, Ivan - 2010

Share prices of financial companies from the S&P 500 list have been modeled by a linear function of consumer price indices in the USA. The Johansen and Engle-Granger tests for cointegration both demonstrated the presence of an equilibrium long-term relation between observed and predicted time...

Persistent link: https://www.econbiz.de/10013146882

Determinants of the choice of formal bankruptcy procedure : an international comparison of reorganization and liquidation

Wang, Chien-an - In: Emerging markets finance & trade : a journal of the … 48 (2012) 2, pp. 4-28

Persistent link: https://www.econbiz.de/10009622277

A Structural Approach for Predicting Default Correlation

Liu, Sheen - 2013

Default correlation is a critical concept in risk management for fixed income investment, bank management, and insurance industry, working capital management, among many. We extend the Leland-Toft term structure model into a two-firm environment and predict the default correlation between two...

Persistent link: https://www.econbiz.de/10013090295

Investment-Cash Flow Sensitivity and Financing Constraints : Study of Pakistani Business Group Firms

Mehmood, Yasir - 2019

A large discrepancy exists on the use of the investment–cash flow sensitivity as a measure of financing constraints of firms. We examine this discrepancy by considering business group affiliated firms in Pakistan. The study includes 58 group affiliated firms and 32 non-group affiliated firms...

Persistent link: https://www.econbiz.de/10012861026

100 Research Ideas : Extending the Frontiers of Research in Corporate Finance

Ang, James S. - 2019

Where can one systematically find research ideas? I propose a scheme to classify and broadly generalize the sources of inspiration for research topics, with emphasis on corporate finance. In the process, I propose 100 new research topics awaiting the brave and persistent

Persistent link: https://www.econbiz.de/10012889800

The Equity Premium Puzzle : An Artificial Neural Network Approach

Wong, Shee Q. - 2019

This paper presents evidence suggesting that artificial neural networks approach (ANNs) outperform traditional statistical methods and can forecast equity premiums reasonably well. The study replicates out-of-sample estimates of regression using ANN with economic fundamentals as inputs. The...

Persistent link: https://www.econbiz.de/10012895878

The Persistence of Opportunistic Insider Trading

Cline, Brandon N. - 2017

We document that corporate insiders' trading behavior exhibits persistence over time. Classifying insiders as “Persistently Profitable (PP)” based on profits generated from historical trades, we find the current transactions of these insiders better predict firm performance. The relative...

Persistent link: https://www.econbiz.de/10012959142

The Theory of Finance : A Novel Finance Model Being Formed on the Internet

Yandiev, Magomet - 2015

The present paper argues that the present Internet conditions favour an entirely new finance model. Understood to soon supplement the existing ones (classical finance, corporate finance, and Islamic finance), it is argued that the new model will be defined by the destructive effect it is to have...

Persistent link: https://www.econbiz.de/10013028577

The Hedge Fund Regulation Dilemma : Direct vs. Indirect Regulation

Nabilou, Hossein - 2015

This article studies the regulatory strategies to address the potential systemic risk of hedge funds operation in financial markets. Due to the implications of the choice of regulatory strategies and instruments in terms of mitigating systemic risk, the article focuses on one critical aspect of...

Persistent link: https://www.econbiz.de/10013035084

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