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Predicting Bankruptcy Using Neural Networks in the Current Financial Crisis : A Study of U.S. Commercial Banks
López-Iturriaga, Félix J. - 2010
We develop a model of neural networks to study the bankruptcy of U.S. banks. We provide a new model to predict bank defaults some time before the bankruptcy occurs, taking into account the specific features of the current financial crisis. Based on data from the Federal Deposit Insurance...
Persistent link: https://www.econbiz.de/10013135648
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Development of a financial health indicator based on companies' annual accounts
Vivet, David - 2011
This document describes the development of a financial health indicator based on companies' financial statements. This indicator is conceived as a weighted combination of variables, which is obtained through a model discriminating between failing firms and non-failing firms. The definition of...
Persistent link: https://www.econbiz.de/10011596313
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A dialogue on the costs and benefits of automatic stays for derivatives and repurchase agreements
Duffie, Darrell; Skeel, David - 2012 - Last rev.: March 04, 2012
For nearly two years, the two of us have had a running discussion of the costs and benefits of automatic stays in bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by systemically important major dealer banks. Under current...
Persistent link: https://www.econbiz.de/10009504439
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Are Female CEOs Associated With Lower Insolvency Risk? Evidence From the U.S. Property-Casualty Insurance Industry
Cheng, Jiang; Li, Jing - 2023
This paper investigates the relationship between female CEOs and insolvency risk of U.S. property-casualty insurance … companies. We show that female CEOs are associated with lower insurer insolvency propensity, higher z-score, and lower standard … difference-in-difference approach. Furthermore, we find that the impact of female CEOs on insurer insolvency risk is moderated by …
Persistent link: https://www.econbiz.de/10014349797
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Private Equity and the Resolution of Financial Distress
Hotchkiss, Edith S. - 2020
We examine the role private equity (PE) firms play in the resolution of financial distress using a sample of 2,151 firms that borrow in the leveraged loan market between 1997 and 2010. Controlling for leverage, PE-backed firms are no more likely to default than other leveraged loan borrowers....
Persistent link: https://www.econbiz.de/10012857451
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Zombie Lending to U.S. Firms
Favara, Giovanni; Minoiu, Camelia; Perez-Orive, Ander - 2022
We provide the first empirical evidence that zombie firms---highly levered firms with weak growth prospects---are not a prominent feature of the U.S. economy and that U.S. banks do not lend to such firms. Using confidential supervisory data on firm-bank relationships during the 2014--2019...
Persistent link: https://www.econbiz.de/10013406636
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Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford
Oxelheim, Lars; Wihlborg, Clas - 2009
Traditional methods for evaluating corporate credit risk rarely consider the impact of the macro economy on corporate value and performance. We argue that lenders and management can obtain valuable information about the need for and approach to restructuring by decomposing default predictions...
Persistent link: https://www.econbiz.de/10010320364
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GDP and insolvency
Staszkiewicz, Piotr W. - Volkswirtschaftliche Fakultät, … - 2013
The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the period 2003-2011; it was found a negative correlation. An analysis was undertaken for the relation between the rate of corporate failure in Poland and the rate of change of overall...
Persistent link: https://www.econbiz.de/10011259056
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Bankruptcy Classification of Firms Investigated by the US Securities and Exchange Commission : An Evolutionary Ensemble Computing Model Approach
Davalos, Sergio - 2018
This paper develops an adaptive ensemble model for bankruptcy classification of firms cited in the SEC's Accounting and Auditing Enforcement Releases (AAER). We develop a Genetic Algorithm (GA) model for bankruptcy classification of AAER firms. Our research contributes to the bankruptcy...
Persistent link: https://www.econbiz.de/10012940715
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The dynamics of adjustable-rate subprime mortgage default : a structural estimation
Fang, Hanming; Kim, You Suk; Li, Wenli - 2015
We present a dynamic structural model of subprime adjustable-rate mortgage (ARM) borrowers making payment decisions taking into account possible consequences of different degrees of delinquency from their lenders. We empirically implement the model using unique data sets that contain information...
Persistent link: https://www.econbiz.de/10011499436