We estimate pre-bankruptcy shareholders' expected negotiating power using accounting information available at the bankruptcy filing. We find that the equity value on the day following the bankruptcy filing reflects theoretical determinants of priority violations. Specifically, the post-petition...

Accurate business failure prediction represents an advantage for market players and is important for risk management. The purpose of this study is to develop a more accurate and stable business failure prediction model by using a majority voting ensemble method with a decision tree (DT) with...