This paper looks at simple decision rules in bankruptcy procedures. It describes special issues of enterprise … economic transformation influence the impact of bankruptcy regulation in a way distorting it towards liquidation. …

liability rules and bankruptcy laws decreases as exogenous sources of uncertainty become relatively more important, and … increases with the opportunity for moral hazard (related to diligence, risk taking, or deception).Second, bankruptcy laws become …

specific risks. There are many reasons to use nonlinear techniques for predicting bankruptcy from financial ratios. Here we … the Creditreform database. The results reveal that the most important eight predictors related to bankruptcy for these …

Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a … had caused ambiguity. A significant factor that has increased the probability of bankruptcy in recent times has been the … Regression in predicting the bankruptcy of firms and that the same predictive power of ascertaining bankruptcy improves when a …

empirical relevance of stigma and information sharing on household bankruptcy and its trend. Many observers of bankruptcy … the more relevant factor in explaining the observed bankruptcy trends. Furthermore, we show that this aggregate trend … that the overall increase in the bankruptcy rates cannot be explained by a decrease in social stigma. We argue that the …

This paper aims to contribute to the growing literature on the causes of consumer bankruptcy. It presents the consumer … bankruptcy decision as an irreversible choice that has an embedded real option value. This allows the use of well known framework … economic factors, such as unemployment, are strong predictors of bankruptcy rates and are consistent with the implications of …