Similar Search Results

Liquidity risk, market power and the informational effects of policy

Claeys, Gregory; Papioti, Chara; Tryphonides, Andreas - In: Journal of international economics 142 (2023), pp. 1-35

Persistent link: https://www.econbiz.de/10014336782

Dynamic screening with verifiable bankruptcy

Krähmer, Daniel; Strausz, Roland - 2022

We consider a dynamic screening model where the agent may go bankrupt due to, for example, cash constraints. We model bankruptcy as a verifiable event that occurs whenever the agent makes a per period loss. This leads to less stringent truth-telling constraints than those considered in the...

Persistent link: https://www.econbiz.de/10014476119

Can liquidity explain dividends?

Xuan Vinh Vo - In: Cogent business & management 9 (2022) 1, pp. 1-11

decision is associated with liquidity, a measure of information asymmetries using a data sample of listed firms in Vietnam, an … 2015. We find a negative relation between stock market liquidity and dividend payout in Vietnamese firms. The finding … confirms that corporate managers in Vietnam tend to compensate for less liquidity with more dividend payout. The paper also …

Persistent link: https://www.econbiz.de/10014420283

Deciphering the corporate mind : capturing early warning signals in non-numeric communication channels using computational intelligence

Kumar, Rahul; Deb, Soumya Guha; Mukherjee, Shubhadeep - In: Advances in accounting behavioral research 26 (2023), pp. 103-137

Persistent link: https://www.econbiz.de/10014304578

Signs of imminent collapse : can hotel bankruptcy or failure be predicted from guest reviews?

Dioko, Leonardo A. N.; Guo, Juncheng - In: International journal of hospitality management 119 (2024), pp. 1-18

Persistent link: https://www.econbiz.de/10015070762

Screening as a Unified Theory of Delinquency, Renegotiation, and Bankruptcy

Kovrijnykh, Natalia - 2015

We propose a parsimonious model with adverse selection where delinquency, renegotiation, and bankruptcy all occur in equilibrium as a result of a simple screening mechanism. A borrower has private information about her cost of bankruptcy, and a lender may use random contracts to screen different...

Persistent link: https://www.econbiz.de/10013030850

The Differences Between Stock Splits and Stock Dividends

Bechmann, Ken L.; Raaballe, Johannes - Copenhagen Business School - 2004

liquidity of the stock. On the whole, after controlling for the firm's payout policy, the results suggest that a stock split is …

Persistent link: https://www.econbiz.de/10005419258

The value of information in cross-listing

Bris, Arturo; Cantale, Salvatore; Hrnjić, Emir; … - In: Journal of Corporate Finance 18 (2012) 2, pp. 207-220

particular, we can differentiate between market segmentation and liquidity hypotheses, which rely on a firm trading in a foreign …

Persistent link: https://www.econbiz.de/10011052902

Do markets anticipate capital structure decisions? — Feedback effects in equity liquidity

Andres, Christian; Cumming, Douglas; Karabiber, Timur; … - In: Journal of Corporate Finance 27 (2014) C, pp. 133-156

index. This is consistent with the signaling hypothesis of Ross (1977), and is equivalent to increases in equity liquidity. … information asymmetry from equity liquidity through the use of an information asymmetry index that is based on six measures that … liquidity, the data indicate that expected increases in leverage (target leverage changes) decrease the information asymmetry …

Persistent link: https://www.econbiz.de/10011052906

Role of earnings management and capital structure in signalling early stage of financial distress : a firm life cycle perspective

Chhillar, Palka; Lellapalli, Ramana V - In: Cogent economics & finance 10 (2022) 1, pp. 1-22

Globally, the unravelling of the corporate scandals leading to big multinational firms stumbling down to bankruptcy suits caused enormous loss of wealth to the investors. This study explores how the earnings management and capital structure can signal an early stage of the distressed financial...

Persistent link: https://www.econbiz.de/10013391107