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Endogenous Value and Financial Fragility
Gobert, Karine; González, Patrick; Lai, Alexandra; … - Groupe de recherche en économie de l'énergie, de … - 2003
We construct a model of valuation to assess the financial fragility of a set of firms in a closed economy. A firm is identified with a possibly infinite random sequence of benefits. Firms with negative benefits in a given period are said to be in distress and need liquidity to refinance their...
Persistent link: https://www.econbiz.de/10005696239
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Endogenous Value and Financial Fragility
Gobert, Karine; González, Patrick; Lai, Alexandra; … - Département d'Économique, Université Laval - 2003
We construct a model of valuation to assess the financial fragility of a set of firms in a closed economy. A firm is identified with a possibly infinite random sequence of benefits. Firms with negative benefits in a given period are said to be in distress and need liquidity to refinance their...
Persistent link: https://www.econbiz.de/10005696447
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The real costs of industry contagion
Garcia-Appendini, Emilia - 2014 - This draft: June 2014
This paper analyzes whether the financial distress of a firm affects the investment decisions of non-distressed competitors. On average, firms in distress impose indirect costs to non-distressed competitors by increasing costs of credit in the industry and hence restricting credit access and...
Persistent link: https://www.econbiz.de/10010410806
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Trade credit and the propagation of corporate failure : an empirical analysis
Jacobson, Tor; Schedvin, Erik von - In: Econometrica : journal of the Econometric Society, an … 83 (2015) 4, pp. 1315-1371
Persistent link: https://www.econbiz.de/10011404768
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Derivatives markets in bankruptcy
Roe, Mark J. - In: Comparative economic studies 55 (2013) 3, pp. 519-534
Persistent link: https://www.econbiz.de/10010187961
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Information transfer of bankruptcy announcements : examining the impact of auditor opinions
Casterella, Jeffrey R.; Desir, Rosemond; Stallings, … - In: Accounting horizons : a quarterly publication of the … 34 (2020) 1, pp. 45-66
Persistent link: https://www.econbiz.de/10012299828
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Intra-industry spillover effects : evidence from bankruptcy filings
Le, Nhan; Ngo, Phong T. H. - In: Journal of business finance & accounting : JBFA 49 (2022) 7/8, pp. 1113-1144
Persistent link: https://www.econbiz.de/10013348100
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GARCH volatilities applied to an asset selection algorithm : the case of fixed income markets
Corelli, Angelo - In: International journal of bonds and derivatives 4 (2018) 1, pp. 52-62
Persistent link: https://www.econbiz.de/10012253412
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Essays on systemic risk and stock market contagion
Wewel, Claudio Nicolai - 2014
This thesis consists out of three essays on systemic risk in the banking system and stock market contagion. The first … contagion dominated in the US and European banking systems at the onset of the Subprime Crisis. The second essay (Döring …? Comparative impact assessment of the Tohoku earthquake 2011 and the Lehman bankruptcy 2008") contributes to the literature on …
Persistent link: https://www.econbiz.de/10010336326
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The anatomy of banking firm financial condition
Njoku, Jonathan; Inanga, Eno L. - In: International Journal of Economics and Accounting 1 (2010) 3, pp. 284-311
This study employs factor analysis to develop a conceptual model of bank financial condition from financial ratios and other characteristics in Nigerian banking. It paints the anatomy of the phenomenon in a conceptual model around the prudential application of market power and market presence to...
Persistent link: https://www.econbiz.de/10009352588