insolvency or into restructuring by continuing activity. In these conditions have increased the concern to identify a model that … will provide the bankruptcy risk of a company. In the literature several bankruptcy models are meeting from which the best … known are: Altman's model and Conan-Holder for forecasting insolvency risk. In this article I present a geometrical model …

For a company that has financial difficulties it is best to enter an insolvency procedure. This process offers the … peculiarities of the insolvency procedure. The stages of this process present a high significance for all stakeholders, giving the … insolvent company. An entity that enters an insolvency procedure can be either reorganized either liquidated. Each of these …

This paper explores how the determinants of new-firm duration vary according to exit route: bankruptcy, voluntary … determinants of bankruptcy are fairly different from those of merger. While firms with highly educated entrepreneurs are less … determining bankruptcy, they do not affect exit through merger. …

This paper examines the relationship between corporate governance level and the bankruptcy law to such debt variables … corporate governance and the harsher bankruptcy law, the lower the cost of debt. Second, we find that better governance and a … harsher bankruptcy laws have a positive effect on debt. As consequence, firms increase their set of investment projects …

This paper studies the effect of changes in creditors? priority order defined by the bankruptcy law on firms? capital … structure. Taking advantage of the Brazilian bankruptcy law Reform and using firms? balance sheet data, we obtain results in …

's post‐bankruptcy performance following reorganisation. Design/methodology/approach – The study is based on agency theory and … uses a unique sample of 111 filing companies whose reorganisation plans have been confirmed by the Thai Central Bankruptcy … determinants of a firm's post‐bankruptcy performance. The key monitoring mechanism is ownership concentration, measured by shares …

likely to experience bankruptcy. Furthermore, larger levels of blockholder and insider ownership over the sample period are …

This article addresses strategies used by creditors to take control of businesses in bankruptcy. The creditors are able … controlling the bankruptcy process. The article provides an example of this process. Further, the risks concomitant with the debt …

Purpose – The incidence of important bankruptcy cases has led to a growing interest in corporate bankruptcy prediction … not provide a complete comparison of the many different approaches towards bankruptcy prediction and have also failed to … choice in empirical application of bankruptcy prediction models.  …