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On debt service and renegotiation when debt-holders are more strategic

Bourgeon, Jean-Marc; Dionne, Georges - In: Journal of Financial Intermediation 22 (2013) 3, pp. 353-372

The contingent claims analysis of firm financing often presents a debt renegotiation game with a passive bank that does not use its ability to force liquidation strategically, contrary to what is observed in practice. We consider two motives that may lead a bank to refuse to renegotiate:...

Persistent link: https://www.econbiz.de/10010679059

Restructuring of the U.S. Auto Industry in the 2008-2009 Recession

Klier, Thomas; Rubenstein, James M. - In: Economic Development Quarterly 27 (2013) 2, pp. 144-159

government-managed reorganization of Chrysler and General Motors during 2009. As a result of the restructuring, the two carmakers … emerged from bankruptcy protection with lower labor costs, higher capacity utilization, and a more concentrated geographic …

Persistent link: https://www.econbiz.de/10010683640

Troubled Asset Relief Program (TARP)

Wilson, Linus - Palgrave Macmillan

The Troubled Asset Relief Program (TARP), or the $700 billion bailout, has been the subject of much academic interest. Here the rigorous studies on the programs of this massive intervention into the financial sector are reviewed. While considerable work has been done on the bank bailouts in the...

Persistent link: https://www.econbiz.de/10010684108

Integrating Neural Network and Colonial Competitive Algorithm: A New Approach for Predicting Bankruptcy in Tehran Security Exchange

Abdipour, Sajad; Nasseri, Ahmad; Akbarpour, Mojtaba; … - In: Asian Economic and Financial Review 3 (2013) 11, pp. 1528-1539

Bankruptcy filings are as high today as ever, calling into question the efficacy of existing bankruptcy prediction … models. This paper tries to provide an alternative for bankruptcy prediction by integrated Multi Layered Perceptron with …

Persistent link: https://www.econbiz.de/10010685358

Going-concern audit opinions for bankrupt companies – impact of credit rating

Feldmann, Dorothy; Read, William J. - In: Managerial Auditing Journal 28 (2013) April, pp. 345-363

opinions for companies facing imminent bankruptcy. Design/methodology/approach – Using data from BankruptcyData.com the authors … identify US publicly-held, financially-distressed companies that filed bankruptcy from January 1, 2000 through June 30, 2009 …

Persistent link: https://www.econbiz.de/10010685384

MODEL AND ANALYSIS OF RATING IN THE HOSPITALITY INDUSTRY

ANGELA, MARIS; CATALIN, SABAU; SANDOR, CSEGEDI; ANCA, … - In: Annals of Faculty of Economics 1 (2013) 1, pp. 1028-1033

For any investor, the economic entity\\\'s financial reporting contributes decisively to a decision on maintaining operational management team, changing its purchase of new shares or sell shares in that company. For this reason I think it is very important that an assessment of the entity\\\'s...

Persistent link: https://www.econbiz.de/10010685606

Loan defaults and hazard models for bankruptcy prediction

Foster, Benjamin P.; Zurada, Jozef - In: Managerial Auditing Journal 28 (2013), pp. 516-541

Purpose – Recent bankruptcy research uses hazard models and extensive samples of companies. The large samples used have … variables are omitted from hazard bankruptcy prediction models. Design/methodology/approach – The sampling frame is publicly … regression to choose variables for parsimonious bankruptcy prediction models to validate hypotheses. Loan default status and …

Persistent link: https://www.econbiz.de/10010686140

Bankruptcy protection and stock market behavior in the US airline industry

Gong, Stephen X.H. - In: Journal of Air Transport Management 13 (2007) 4, pp. 213-220

This study examines the effects of bankruptcy protection on the stock market behavior of US airlines and their domestic … the time of filing for bankruptcy. During the close-to-3 years after filing, however, these airlines experience …

Persistent link: https://www.econbiz.de/10010688234

THE FINANCIAL ANALYSIS OF THE PETROLEUM COMPANIES IN ROMANIA

TRIFU, Adi Eleonor G. - In: SEA - Practical Application of Science (2014) 2, pp. 609-617

With the trigger of the Financial Crisis of the 2008, many companies in Romania and across the world had realized that the economic environment became very unstable. In order the compete in a turbulent external environment the managers of companies must know first the stability of the internal...

Persistent link: https://www.econbiz.de/10010764379

Too-Big-To-Fail: A Problem Too Big to Ignore

Evans, Charles L. - Federal Reserve Bank of Chicago - 2009

Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago European Economics and Financial Center London, England

Persistent link: https://www.econbiz.de/10010769207