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Gouvernance, détresse économique et performance des entreprises libanaises

Azzi, Tarek - Université Paris-Dauphine (Paris IX) - 2013

This research examines the relationship between corporate governance in Lebanon and performance in financially economically distressed companies. Working under the auspices of agency theory assumption that decline is a situation where deteriorating performance exemplifies the deviation in...

Persistent link: https://www.econbiz.de/10010772259

THE FINANCIAL ANALYSIS OF THE PETROLEUM COMPANIES IN ROMANIA

TRIFU, Adi Eleonor G. - In: SEA - Practical Application of Science (2014) 3, 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/10010773045

The dynamics of capital structure in the presence of zakat and corporate tax

Sanusi, Nur Azura B.T. - In: International Journal of Islamic and Middle Eastern … 7 (2014) May, pp. 89-111

classification, tangible assets and bankruptcy with the capital structure. Originality/value – This paper viewed the tax benefits and …

Persistent link: https://www.econbiz.de/10010775124

How do exogenous shocks cause bankruptcy? Balance sheet and income statement channels

Mikhed, Vyacheslav; Scholnick, Barry - Federal Reserve Bank of Philadelphia - 2014

We are the first to examine whether exogenous shocks cause personal bankruptcy through the balance sheet channel and … payments on 200,000 Canadian bankruptcy filings. We find support for the balance sheet channel, in that receipt of the … exogenous cash increases the net balance sheet benefits of bankruptcy (unsecured debt discharged minus liquidated assets forgone …

Persistent link: https://www.econbiz.de/10010777740

After Detroit: How Will Illinois and Its Communities Respond?

Mattoon, Richard H.; Wetmore, Sarah. - In: Chicago Fed Letter (2014) Jul

Detroit’s bankruptcy filing has highlighted fiscal pressures being experienced by communities across the nation …

Persistent link: https://www.econbiz.de/10010780813

Debt, Managers and Cartels

Piccolo, Salvatore; Spagnolo, Giancarlo - Centro Studi di Economia e Finanza (CSEF) - 2014

We propose a theory of anticompetitive effects of debt finance based on the interaction between capital structure, managerial incentives, and firms ability to sustain collusive agreements. Shareholders' commitments not to expropriate debtholders through managers with valuable reputations or...

Persistent link: https://www.econbiz.de/10010781432

The Determinants of Bankruptcy for Chinese Firms

Ni, Jinlan; Kwak, Wikil; Cheng, Xiaoyan; Gong, Guan - In: Review of Pacific Basin Financial Markets and Policies … 17 (2014) 02, pp. 1450012-1

heavily on international trade. Our study tries to find the determinants of bankruptcy in Chinese firms. Both logit and … suggest that firms with liquidity problems and firms experiencing a decline in profits are more likely to file for bankruptcy …-owned enterprises, and foreign-owned businesses are more likely to file for bankruptcy. This conclusion is robust after controlling for …

Persistent link: https://www.econbiz.de/10010782139

Impact of the TARP financing choice on existing preferred stock

Kim, Dong H.; Stock, Duane - In: Journal of Corporate Finance 18 (2012) 5, pp. 1121-1142

The October 14, 2008 TARP program mandated a forced issuance of TARP preferred stock by the largest U.S. banks. Soon after, many smaller banks were not forced but chose to issue TARP preferred stock after being approved for issuance. We investigate the impact of TARP preferred issuance upon...

Persistent link: https://www.econbiz.de/10010588367

Are the bankrupt skies the friendliest?

Ciliberto, Federico; Schenone, Carola - In: Journal of Corporate Finance 18 (2012) 5, pp. 1217-1231

We use data from the US airline industry to investigate whether firms that are under bankruptcy protection, as well as … delays and cancelations are less frequent during bankruptcy filings but return to their pre-bankruptcy levels once the … bankrupt firm emerges from bankruptcy. We also find that firms use Chapter 11 filings to permanently reduce the age of their …

Persistent link: https://www.econbiz.de/10010588371

Gibrat and Pareto–Zipf revisited with European firms

Fujiwara, Yoshi; Aoyama, Hideaki; Di Guilmi, Corrado; … - In: Physica A: Statistical Mechanics and its Applications 344 (2004) 1, pp. 112-116

firm size distribution and growth, and bankruptcy. This paper is based on [Y. Fujiwara et al., Physica A 335 (2004) 197 …

Persistent link: https://www.econbiz.de/10010589221