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EBITDA vs. cash flows in bankruptcy prediction on the Polish capital market
Jacek, Welc - In: European financial and accounting journal : EFAJ 12 (2017) 2, pp. 91-103
One of the elements of company’s evaluation is an analysis of bankruptcy risk metrics. In this study, the accuracy of bankruptcy predictions generated by EBITDA-based and cash flow-based liabilities-coverage ratios is evaluated within a sample of data from the Polish market. The study is based...
Persistent link: https://www.econbiz.de/10011707200
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Obvious and hidden features of corporate default in bankruptcy models
Kuběnka, Michal; Myšková, Renáta - In: Journal of business economics and management 20 (2019) 2, pp. 368-383
The aim of this article is to prove the key role of the structure of the research sample used for accuracy determining on the accuracy of bankruptcy models. The creators of these models report the accuracy usually in the range of 60 to 90%. The authors of this article claim that these values are...
Persistent link: https://www.econbiz.de/10012175694
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The Impact of Environmental, Social and Corporate Governance Responsibility on the Cost of Short- and Long-Term Debt
Ratajczak, Piotr; Mikołajewicz, Grzegorz - 2021
The aim of the paper is to examine the impact of environmental, social and corporate governance (ESG) responsibility on the short- and long-term cost of debt. Linear regression was applied to a unique dataset on CSR and cost of debt for 300 companies recognized in 2017 by Corporate Knights as...
Persistent link: https://www.econbiz.de/10013217743
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Society's well-being and firm profitability
Ratajczak, Piotr; Nowicki, Jarosław; Szutowski, Dawid - In: Financial internet quarterly 20 (2024) 3, pp. 13-28
The aim of the study is to examine the impact of society\'s economic well-being determinants - above and beyond the firm-specific and macroeconomic determinants - on firm profitability in Poland. Based on stakeholder theory we hypothesized that the economic well-being of society can influence...
Persistent link: https://www.econbiz.de/10015077009
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How Global Is International CSR Research? Insights and Recommendations from a Systematic Review
Pisani, Niccolò; Kourula, Arno; Kolk, Ans; Meijer, Renske - 2020
While studies on international corporate social responsibility (CSR) have expanded significantly, their true global nature can be questioned. We systematically review 494 articles in 31 journals over a 31-year period. We assess the embeddedness of CSR in international management/business (IB);...
Persistent link: https://www.econbiz.de/10014034159
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Microeconomic implications of credit booms : evidence from emerging Europe
Coricelli, Fabrizio; Driffield, Nigel L.; Pal, Sarmistha; … - 2010
While credit is essential for investment, innovation and economic growth, there are risks related to excessive indebtedness in the corporate sector in the form of increased likelihood of financial distress and bankruptcy. The recent global crisis has highlighted the macroeconomic risks of credit...
Persistent link: https://www.econbiz.de/10008666858
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Co-Operative Credit Delinquency : Identification of Factors Discriminating Defaulters
Michael, Justin Nelson - 2011
Co-operative movement dawned in India a century ago to eradicate indebtedness and to accelerate agricultural production in India. Co-operatives are eminently suited to achieve social, economic changes in rural India. However, credit risk is acute in co-operative credit system, predominantly...
Persistent link: https://www.econbiz.de/10013130618
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The American Depositary Shares in Case of Insolvency (Las American Depositary Shares en Caso de Concurso) (Spanish)
Marcos, Francisco - 2011
insolvency of some of the relevant parties in the contractual scheme in order to extract the legal implications (both contractual …
Persistent link: https://www.econbiz.de/10013131764
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Confronting the zombies : policies for productivity revival
Andrews, Dan; McGowan, Muge Adalet; Millot, Valentine - 2017
much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and … the personal costs associated with entrepreneurial failure. Insolvency regime reform can not only address the … markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …
Persistent link: https://www.econbiz.de/10011779088