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Liaudinskas, Karolis; Grigaitė, Kristina - 2021

We explore Lithuanian credit register data and two bank closures to provide a novel estimate of firms' bank …-switching costs and a novel identification of the hold-up problem. We show that when a distressed bank's closure forced firms to …' reputational concerns, a healthy bank's closure revealed no overcharging. To policy-makers, our results suggest potential benefits …

Persistent link: https://www.econbiz.de/10012544446

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

Financial distress situation of financial sectors in Ethiopia : a review paper

Abdu, Esmael - In: Cogent economics & finance 10 (2022) 1, pp. 1-13

The development of financial sectors is considered as one of vital determinants of the growth of Ethiopian economy, and for secure equitable distribution of the benefits to the society. However, financial distress has an effect on the sectors. This review was conducted to assess financial...

Persistent link: https://www.econbiz.de/10013461849

Corporate Finance

Gherghina, Ştefan Cristian (ed.) - 2021

This book comprises 19 papers published in the Special Issue entitled "Corporate Finance", focused on capital structure (Kedzior et al., 2020; Ntoung et al., 2020; Vintilă etal., 2019), dividend policy (Dragotă and Delcea, 2019; Pinto and Rastogi, 2019) and open-market share repurchase announcements (Ding...

Persistent link: https://www.econbiz.de/10012586568

Do financing institutions consider operating performance in estimating cost of debt?

Miah, Muhammad Shahin; Islam, Mohammad Ariful; Md … - In: Future Business Journal 9 (2023) 1, pp. 1-11

This paper examines the relationship between firm performance and cost of debt. More specifically this paper empirically shows that fund providers charge lower cost on debt for highly performing companies compared to lower performing companies. We argue that the profitable companies are more...

Persistent link: https://www.econbiz.de/10014505353

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

Assessing variables affecting the financial distress of state-owned enterprises in Indonesia (empirical study in non-financial sector)

Sayidah, Nur; Assagaf, Aminullah - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 21 (2020) 2, pp. 545-554

The financial distress of state-owned enterprises (SOEs) has become the main focus of numerous researchers due to the ongoing financial burden on the state and their inability to secure independent funding. The purpose of this study is to investigate the variables that affect the financial...

Persistent link: https://www.econbiz.de/10012502053

Financial distress, firm life cycle, and corporate restructuring decisions : evidence from Pakistan's economy

Akbar, Minhas; Hussain, Ammar; Sokolova, Marcela; … - In: Economies : open access journal 10 (2022) 7, pp. 1-12

This study examines the influence of financial distress on corporate restructuring decisions and whether this restructuring varies across the Firm Life Cycle (FLC) stages of Pakistani non-financial listed firms for the 12 years from 2005 to 2016 inclusive. FLC stages and financial distress are...

Persistent link: https://www.econbiz.de/10013337725

Impact of financial constraints and financial distress on cash holdings

Bukalska, Elżbieta; Maziarczyk, Anna - In: International journal of management and economics 59 (2023) 1, pp. 13-31

The aim of the study is to examine the impact of financial constraints and financial distress on cash holdings, both in normal and crisis times. We collected the 4,406 firm-year observations of companies listed on the Warsaw Stock Exchange (WSE). Our research shows that companies maintain higher...

Persistent link: https://www.econbiz.de/10014310085

Exploring the roles of IPOs and main bank relationships on debt maturity : the case of Japan

Chen, Jieting; Fan, Jinbin - 2025

investment. This study examines how Initial Public Offerings (IPOs) and main bank relationships shape debt maturity structures … resources for sustainability projects. Notably, Japanese firms without a main bank relationship experience a more significant … and lasting impact, while those with a main bank relationship display minimal changes in debt structure. These findings …

Persistent link: https://www.econbiz.de/10015338331