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Corporate board vigilance and insolvency risk : a mediated moderation model of debt maturity and fixed collaterals
Hussain, Rana Yassir; Wen, Xuezhou; Hussain, Haroon; … - In: International journal of management and economics 57 (2021) 1, pp. 14-33
Studies indicate that a consistent rise in insolvency risk should be addressed at the strategic level. Vigilant boards … can use leverage maturity structure as a tool to control insolvency risk. However, according to the information asymmetry … theory, leverage acquisition is subject to the presence of fixed assets which can be used as collateral. The current study …
Persistent link: https://www.econbiz.de/10012519593
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On the design of efficient priority rules for secured creditors : empirical evidence from a change in law
Bergström, Clas; Eisenberg, Theodore; Sundgren, Stefan - In: European journal of law and economics 18 (2004) 3, pp. 273-297
Persistent link: https://www.econbiz.de/10002495390
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Is bankruptcy costly? : recent evidence on the magnitude and determinants of indirect bankruptcy costs
Singh, Bhabra Gurmeet; Yao, Yuan - In: Journal of applied finance & banking 1 (2011) 2, pp. 39-68
In this study we estimate indirect bankruptcy costs for a recent sample of large corporate bankruptcies in the United … States over the period, 1997 to 2004. We find indirect bankruptcy costs of approximately 2%, 6.2% and 14.9% of firm value in … years -3, -2 and -1 relative to the year of bankruptcy announcement respectively. Together with the direct costs reported in …
Persistent link: https://www.econbiz.de/10009536170
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The costs and benefits of secured creditor control in bankruptcy : evidence from the UK
Armour, John; Hsu, Audrey; Walters, Adrian - In: Review of law and economics : publ. in cooperation with … 8 (2012) 1, pp. 101-135
Persistent link: https://www.econbiz.de/10009631335
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Bankruptcy costs, leverage and multiple secured creditors: the case of management buy-outs
Citron, David; Wright, Mike - In: Accounting and business research : a research quarterly … 38 (2008) 1, pp. 71-89
Persistent link: https://www.econbiz.de/10003656598
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A new multivariate approach for assessing corporate financial risk using balance sheets
Çolak, Mehmet Selman - In: Borsa Istanbul Review 21 (2021) 3, pp. 239-255
Several indicators and univariate ratios can be used to measure the soundness of firms as reflected in their balance sheets (leverage, profitability, liquidity ratio, etc.). However, each indicator alone cannot measure a firm's overall financial risk or financial distress level. In this study,...
Persistent link: https://www.econbiz.de/10012816799
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Are bankruptcy models adequate for condition assessment of companies listed on warsaw stock exchange
Bolek, Monika; Gniadkowska-Szymańska, Agata - In: Financial internet quarterly 18 (2022) 2, pp. 1-12
The goal of this paper is to present early warning models used in the process of bankruptcy recognition that should meet the terms of good economic condition. Economic condition of a company on a capital market is good when the goal of the business is achieved, namely the increase in value, that...
Persistent link: https://www.econbiz.de/10013252652
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Some factors affecting financial distress in telecommunication companies in Southeast Asia
Kristanti, Farida Titik; Pancawitri, Sekarayu - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 25 (2024) 1, pp. 190-199
People who have lost their jobs are affected by the Covid-19 epidemic, which lowers demand and prevents them from updating daily used internet services. A company's deteriorating financial health may be a warning indication of impending financial trouble. With company size serving as a...
Persistent link: https://www.econbiz.de/10015046022
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Corporate governance and corporate creditworthiness
Parnes, Dror - In: Journal of risk and financial management : JRFM 4 (2012) 1, pp. 1-42
We examine the relation between corporate governance and bankruptcy risk as an underlying force affecting a bond’s yield. The level of corporate governance is captured by the G-index, along with the explicit groups of governance provisions. We estimate bankruptcy risk by Z-score, by...
Persistent link: https://www.econbiz.de/10011555892
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Corporate default prediction with payment disturbances in managers’ earlier entrepreneurial practices
Andresson, Art; Lukason, Oliver - In: Cogent business & management 11 (2024) 1, pp. 1-21
This study aims to determine how payment disturbances in managers' earlier entrepreneurial practices (PDMs) predict corporate default. Classical financial ratios have often failed to predict the default of micro-, small- and medium-sized firms with high accuracy, and therefore, the extant...
Persistent link: https://www.econbiz.de/10014534507