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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

Financial Statements not Required

Minnis, Michael; Sutherland, Andrew; Vetter, Felix - 2023

Using a dataset covering 3 million commercial borrower financial statements, we document a substantial, nearly monotonic decline in banks’ use of attested financial statements (AFS) in lending over the past two decades. Two market forces help explain this trend. First, technological advances...

Persistent link: https://www.econbiz.de/10014348965

What is the shareholder wealth impact of target CEO retention in private equity deals?

Bargeron, Leonce; Schlingemann, Frederik P.; Zutter, Chad J. - 2017

There is a widespread belief among observers that a lower premium is paid when the target CEO is retained by the acquirer in a private equity deal because the CEO's potential conflicts of interest leads her to negotiate less aggressively on behalf of the target shareholders. Our empirical...

Persistent link: https://www.econbiz.de/10011963282

Corporate investment and changes in GAAP

Shroff, Nemit - 2012

This paper investigates whether changes in Generally Accepted Accounting Principles (GAAP) affect corporate investment … decisions. Using a sample containing forty nine changes in GAAP, I find that changes in accounting rules affect investment … decisions. I then examine two mechanisms through which changes in GAAP affect investment. First, I find that changes in GAAP …

Persistent link: https://www.econbiz.de/10010195104

Risk sharing and firm size : theory and international evidence

Giannetti, Mariassunta (contributor) - 2001 - [Elektronische Ressource], Rev. November 6, 2001

This paper investigates the relationship between financial development and firm size. The model shows that the efficiency of the financial system, measured by the level of monitoring costs, affects the extent of risk sharing within an economy and through this channel the availability of external...

Persistent link: https://www.econbiz.de/10001622437

Financing entrepreneurial firms in Europe : facts, issues, and research agenda

Bottazzi, Laura; Da Rin, Marco - 2003

During the latter part of the 1990s the introduction of the euro, the dramatic increase in the supply of venture capital in most EU countries, and the creation of several 'new' equity markets targeted at innovative firms have dramatically transformed the financing prospects of European...

Persistent link: https://www.econbiz.de/10001772727

Interest rate transmission to commercial credit rates in Austria

Burgstaller, Johann - 2003

Persistent link: https://www.econbiz.de/10001819676

Finance and the business cycle : the Ricardian perspective

Hahn, Franz R. - 2003

Persistent link: https://www.econbiz.de/10001807688

A revealed preference approach to understanding corporate governance problems : evidence from Canada

Chirinko, Robert S.; Schaller, Huntley - 2002

By studying the gap between the discount rates used by executives and shareholders, we assess the extent to which governance problems distort firm behavior. The estimation strategy recovers discount rates used by executives from the pattern of their actual investment spending. Our empirical work...

Persistent link: https://www.econbiz.de/10001739558

Financial development and macroeconomic volatility : evidence from OECD countries

Hahn, Franz R. - 2003

Persistent link: https://www.econbiz.de/10001744801