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Accurate business failure prediction models would be extremely valuable to many industry sectors, particularly financial investment and lending. The potential value of such models is emphasised by the extremely costly failure of high-profile companies in the recent past. Consequently, a...
Persistent link: https://www.econbiz.de/10009441694
This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...
Persistent link: https://www.econbiz.de/10012529572
The document contains a commentary on the wider issues of responsibility raised by the collapse of First Solution Money Transfer. This was a UK based private limited company which provided a money transfer service, providing expatriates the facilities to transfer money back to their family in...
Persistent link: https://www.econbiz.de/10009468665
generelle R?ckstufung von Gesellschafterdarlehen nach dem MoMiG in der Insolvenz zu finden und modelltheoretisch zu analysieren … richtiger Ansatzpunkt f?r eine Rechtfertigung des Nachranges von Gesellschafterdarlehen in der Insolvenz sein kann, nicht jedoch …The economic reasons for the legal subordination (MoMiG) of shareholders' loans in the insolvency of a company are …
Persistent link: https://www.econbiz.de/10009484819
Das vorliegende Dissertationsprojekt hatte zwei zentrale Schwerpunkte. Den ersten Schwerpunkt bildete die innovative Insolvenzprognosemodellierung für ukrainische Unternehmen.Dafür wurde im Wesentlichen die moderne internationale Standardmethodik zur Insolvenzprognose auf Basis der...
Persistent link: https://www.econbiz.de/10009460748
In India, the term ‘sick units’ refers to economically unviable firms which are kept alive ‘in the public interest’ by means of subsidies of various kinds. Since this practice is common, and large parts of the industrial sector are affected, this phenomenon is referred to as industrial...
Persistent link: https://www.econbiz.de/10009468688
efficient or whether it will be on the verge of bankruptcy. …
Persistent link: https://www.econbiz.de/10011984221
a hypothesis to explain why Spain has one of the world’s lowest business bankruptcy rates, even during the current … the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the … unattractiveness of the personal bankruptcy law ; Utilizando una amplia base de datos de más de 1 millón de empresas españolas …
Persistent link: https://www.econbiz.de/10012530403
liquidaciones ineficientes ; The paper warns about the potential efficiency losses associated with low business bankruptcy rates … (number of fi rms filing for bankruptcy as a proportion of the total stock of firms) and shows that welfare could be improved … by increasing the protection of creditors in the bankruptcy system. These ideas are illustrated with the Spanish case …
Persistent link: https://www.econbiz.de/10012530410