Die Frage der Staateninsolvenz ist durch die gegenwärtige Finanzkrise besonders aktuell. Gleichwohl handelt es sich dabei keineswegs um ein neues Phänomen. Die bisherige Praxis war meist durch Ad-hoc-Lösungen im Rahmen des sogenannten Pariser oder Londonder Klubs gekennzeichnet. Der...

Many Vietnamese companies' net incomes have increased significantly in recent years as a result of creative competitive strategies, but many of them are being forced to delist due to persistent losses and manipulative earnings. In this paper, we are the first to investigate the simultaneous...

This study analyses the cost of financial distress of non-financial firms listed on the Pakistan stock exchange. Furthermore, it considers the moderating role of concentrated ownership in the relationship between debt and expected financial distress costs. We used the panel data of 214 firms...