The purpose of the paper is to point out the accounting-based variables and relationships between them which enable us to measure financial liquidity in a way appropriate for assessing the financial distress risk of companies operating under conditions of a negative Cash Conversion Cycle (CCC)....

This study develops a mathematical framework to analyze the time series of profitability ratios in the early stages of a startup. It is assumed that the expenditure of the startup grows at a steady rate and generates a proportionally identical flow of revenue in each period. The profitability in...

All stakeholders are interested in whether a firm has a good and stable financial situation, even though they all have different stakes in it. However, not all companies can succeed and operate profitably. The purpose of the study is to examine the peculiarities of dissolution and liquidation in...

The financial situation of a firm represents a knowledge that is necessary for all stakeholders because they all need to have information about the capacity of the entity to be profitable. The purpose of the study is to examine the evolution of insolvency regulation throughout the years by...

The failure of a company, whether insolvency or bankruptcy, has been a topic featured by countless researchers from various fields over time. In an attempt to counteract this negative phenomenon most of the studies focused on developing bankruptcy prediction models, omitting the actual reasons...

Aus betriebs- und volkswirtschaftlicher Sicht weist die Beteiligung von Arbeitnehmern am Kapital des beschäftigenden Unternehmens eine Reihe interessanter Aspekte auf. In den letzten Jahren wurden vermehrt Anstrengungen unternommen, die effektive Verbreitung von Mitarbeiterkapitalbeteiligungen...

Betrachtet man Umfang und Entwicklungstendenzen von Unternehmens- und Privatinsolvenzen in ausgewählten OECD-Ländern, so weisen die beiden Arten von Insolvenzen eine unterschiedliche Dynamik auf. In Deutschland haben sich die Unternehmensinsolvenzen nicht nur seit 1990, also nach der...