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Modeling of insolvency risk in health sector companies using logit models

Támara Ayús, Armando Lenin; Villegas, Gladis Cecilia; … - In: Revista de Métodos Cuantitativos para la Economía y … 26 (2018), pp. 128-145

This article shows the prediction of the level of insolvency in companies that are not listed on the stock exchange … and low insolvency risk. The success results of the models are between 70% and 80% for each of the years, validating the …

Persistent link: https://www.econbiz.de/10014494398

Predicción del fracaso empresarial: Una contribución a la síntesis de una teoría mediante el análisis comparativo de distintas técnicas de predicción

de Llano Monelos, Pablo; Piñeiro Sánchez, Carlos; … - In: Estudios de Economía 43 (2016) 2, pp. 163-198

This paper offers a comparative analysis of the effectiveness of eight popular forecasting methods: univariate, linear, discriminate and logit regression; recursive partitioning, rough sets, artificial neural networks, and DEA. Our goals are: clarify the complexity-effectiveness balance of each...

Persistent link: https://www.econbiz.de/10011985514

Probleme des Insolvenzplanverfahrens

Henselmann, Klaus; Gutbier, Manuel - 2010

The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …

Persistent link: https://www.econbiz.de/10010300002

Two New Measures of Bankruptcy Efficiency

Brogi, Ricardo; Santella, Paolo - 2004

This study is aimed at developing new empirical models for evaluating the efficiency of bankruptcy legislations. The paper is divided in three parts. In the first part, we analyze from a conceptual point of view the effects on debtor firms of the lack of creditors' powers in bankruptcy. In the...

Persistent link: https://www.econbiz.de/10011689917

Die Nutzung insolvenzrechtlicher Sanierungswege durch kleine und mittlere Unternehmen: Das Beispiel der Eigenverwaltung

Kranzusch, Peter; Icks, Annette - 2018

Sanierungswege, z. B. das eigenverwaltete Schutzschirmverfahren vor der Insolvenz und die Eigenverwaltung während des …With the introduction of the ESUG law, German insolvency legislation was reformed in 2012. It offers new proceedings … for enterprise re-organisation, both before insolvency and between the application for insolvency and the start of the …

Persistent link: https://www.econbiz.de/10011818046

Personal Bankruptcy Law, Wealth and Entrepreneurship: Theory and Evidence from the Introduction of a "Fresh Start"

Fossen, Frank M. - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy, lenders may charge higher interest rates or...

Persistent link: https://www.econbiz.de/10011601000

Reconciling the European registered capital regime with a modern corporate reorganization law: Experience from the Czech insolvency law reform

Richter, Tomáš - 2009

-liquidation insolvency proceedings, usually referred to as reorganization. Using the ECJ case law on the Directive, I conclude that although … capital do not present an insurmountable hurdle to the adoption of rational corporate insolvency law. As a side note, I also …

Persistent link: https://www.econbiz.de/10010322155

Corporate Distress and Restructuring with Macroeconomic Fluctuations: The Cases of GM and Ford

Oxelheim, Lars; Wihlborg, Clas - 2009

Traditional methods for evaluating corporate credit risk rarely consider the impact of the macro economy on corporate value and performance. We argue that lenders and management can obtain valuable information about the need for and approach to restructuring by decomposing default predictions...

Persistent link: https://www.econbiz.de/10010320364

Macroeconomic impact on expected default frequency

Åsberg, Per; Shahnazarian, Hovick - 2008

We use a vector error correction model to study the long-term relationship between aggregate expected default frequency and the macroeconomic development, i.e. CPI, industry production and short-term interest rate. The model is used to forecast the median expected default frequency of the...

Persistent link: https://www.econbiz.de/10010320730

Taking the twists into account: Predicting firm bankruptcy risk with splines of financial ratios

Giordani, Paolo; Jacobson, Tor; von Schedvin, Erik; … - 2011

We demonstrate improvements in predictive power when introducing spline functions to take account of highly non-linear relationships between firm failure and earnings, leverage, and liquidity in a logistic bankruptcy model. Our results show that modeling excessive non-linearities yields...

Persistent link: https://www.econbiz.de/10010320750