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Henselmann, Klaus; Gutbier, Manuel - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2010

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

Persistent link: https://www.econbiz.de/10008479035

Models for Default Risk Analysis: Focus on Artificial Neural Networks, Model Comparisons, Hybrid Frameworks

Falavigna, Greta - Istituto di Ricerca sulla Crescita Economica … - 2006

of firm insolvency. In this work there is a survey on the methodologies used by the author for the analysis of default …

Persistent link: https://www.econbiz.de/10005752845

The relationship between bankruptcy risk and growth for non-listed firms

Nordal, Kjell Bjørn; Næs, Randi - Norges Bank - 2010

We investigate the relationship between bankruptcy risk and expected future sales growth for Norwegian non-listed firms for the period 1988-2007. We find that firms with high bankruptcy risk also have high expected future growth. Financial ratios characterizing firms with high bankruptcy risk...

Persistent link: https://www.econbiz.de/10008790094

The Age of Turbulence - Credit Derivatives Style

Byström, Hans - Nationalekonomiska Institutionen, Ekonomihögskolan - 2008

This paper focuses on the many extreme credit default swap spread movements observed during the recent credit crisis and on how the tails of the spread (and price) change distribution significantly differ from those of the normal distribution even for diversified credit derivatives portfolios....

Persistent link: https://www.econbiz.de/10005190584

Several Conclusions from Research of Insolvency Cases in the Czech Republic

Smrčka, Luboš; Schönfeld, Jaroslav - In: Central European Business Review 2014 (2014) 1, pp. 13-19

The survey of real outcomes of insolvency proceedings in the Czech Republic analysed by this study took place during … of certain crucial data as to the actual outcome of insolvency proceedings in the Czech Republic, i.e. especially as to … basic information on the structure of the insolvency act in the Czech Republic and possible changes in legislation that …

Persistent link: https://www.econbiz.de/10011195423

Do managerial behaviors trigger firm exit? The case of hyperactive bidders

Rahaman, Mohammad M. - In: The Quarterly Review of Economics and Finance 54 (2014) 1, pp. 92-110

This paper investigates the effects of managerial mergers- and acquisitions-related investment strategies on the exit risk of firms. Using a sample of hyperactive bidders, I show that managerial excessive acquisitiveness can precipitate firm exit. Overbidding is associated with weak corporate...

Persistent link: https://www.econbiz.de/10010868881

New Paradigms in Banking, Financial Markets and Regulation?

Ayadi, Rym; masciandaro, donato; Quintyn, Marc G.; … - SUERF - The European Money and Finance Forum

On May 11-12, 2011, SUERF, the Belgian Financial Forum, the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) jointly organised the 29th SUERF Colloquium New paradigms in money and finance? The papers included in this SUERF Study are based on contributions to the...

Persistent link: https://www.econbiz.de/10011070913

MODELING CREDIT RISK THROUGH CREDIT SCORING

CALIN, Adrian Cantemir; POPOVICI, Oana Cristina - In: Internal Auditing and Risk Management 2 (2014) 34, pp. 99-109

Credit risk governs all financial transactions and it is defined as the risk of suffering a loss due to certain shifts in the credit quality of a counterpart. Credit risk literature gravitates around two main modeling approaches: the structural approach and the reduced form approach. In addition...

Persistent link: https://www.econbiz.de/10010813848

Risk of Firm Closure and Wages in Brazil: Compensating Wage Dierentials or Bargaining Concessions?

Esteves, Luiz A. - Departamento de Economia, Universidade Federal do Paraná - 2008

The economic theory proposes two hypotheses for the relationship between wages and risk of job loss due to rm (or plant) closure. The rst hypothesis posits that workers at greater risk should be compensated by higher wages. This is known as the theory of compensating wage diferentials. The...

Persistent link: https://www.econbiz.de/10005732011

MEASURING INSOLVENCY: VALUATION GUIDELINES FOR ROMANIAN COMPANIES

RĂDULESCU, Tudor Andrei - In: SEA - Practical Application of Science (2014) 5, pp. 545-548

regard, we compare the financial and accounting aspects with the national regulation on insolvency, highlighting the … reconciliation of financial vision with the rule of law in order to simplify insolvency proceedings in Romania. …

Persistent link: https://www.econbiz.de/10011079714