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An analysis of the bankruptcy reorganization procedure in China
Leng, Fei - In: Review of Pacific Basin financial markets and policies 16 (2013) 1, pp. 1-32
Persistent link: https://www.econbiz.de/10010233373
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Shorting Down Value: The Toxic Effect of Insufficient Internal Liquidity
Murphy, Austin; Callaghan, Joe; Parkash, Mohinder - In: Review of Pacific Basin Financial Markets and Policies … 13 (2010) 02, pp. 175-202
This paper demonstrates analytically how short sellers can put non-transitory downward pressure on the stock market prices and intrinsic values of companies that need to raise external capital because of insufficient internal liquidity. The model helps explain anomalous empirical findings in the...
Persistent link: https://www.econbiz.de/10008507953
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The Determinants of Bankruptcy for Chinese Firms
Ni, Jinlan; Kwak, Wikil; Cheng, Xiaoyan; Gong, Guan - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 02, pp. 1450012-1
heavily on international trade. Our study tries to find the determinants of bankruptcy in Chinese firms. Both logit and … suggest that firms with liquidity problems and firms experiencing a decline in profits are more likely to file for bankruptcy …-owned enterprises, and foreign-owned businesses are more likely to file for bankruptcy. This conclusion is robust after controlling for …
Persistent link: https://www.econbiz.de/10010782139
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Modelling Share Prices of Banks and Bankrupts
Kitov, Ivan O. - In: Theoretical and Practical Research in Economic Fields I (2010) 1, pp. 59-85
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/10008670463
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A two-year revision: cross comparison and modeling of Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, and Franklin Resources
Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2014
Approximately two years ago we presented results of price modeling and extensive statistical analysis for share prices of five banks: Bank of America (BAC), Franklin Resources (BEN), Goldman Sachs (GS), JPMorgan Chase (JPM), and Morgan Stanley (MS). Using monthly closing prices (adjusted for...
Persistent link: https://www.econbiz.de/10011110482
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Cross comparison and modelling of Goldman Sachs, Morgan Stanley, JPMorgan Chase, Bank of America, and Franklin Resources
Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 2012
We have studied statistical characteristics of five share price time series. For each stock price, we estimated a best fit quantitative model for the monthly closing price as based on the decomposition into two defining consumer price indices selected from a large set of CPIs. It was found that...
Persistent link: https://www.econbiz.de/10011113939
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Modeling share prices of banks and bankrupts
Kitov, Ivan - Volkswirtschaftliche Fakultät, … - 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/10008562631
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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
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It Takes Two To Tango: an empirical tale of distressed firms and assisting banks
de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2004
We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are guided in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and...
Persistent link: https://www.econbiz.de/10010731431
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The supply chain effects of bankruptcy
Yang, S. Alex; Birge, John R.; Parker, Rodney P. - In: Management science : journal of the Institute for … 61 (2015) 10, pp. 2320-2338
Persistent link: https://www.econbiz.de/10011386122