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Distressed Firm Valuation : A Scenario Discounted Cash Flow Approach

Buttignon, Fabio - 2020

Valuation of a distressed company is a very tricky issue, for which many approaches and methods have been provided by the literature. Unfortunately, many of the more suitable proposals from a theoretical point of view (i.e., those based on option pricing theory, and even integrated with game...

Persistent link: https://www.econbiz.de/10012842928

Distress Risk, Insolvency, Rating and Valuation

Gleißner, Werner - 2020

The existing probability of a company to be insolvent (bankrupt), is known as insolvency risk or distress risk. This should be considered during every corporate valuation, even though it does not appear in every valuation report.Only under the rather unrealistic assumption of an unflawed capital...

Persistent link: https://www.econbiz.de/10012846296

Do Market Prices Improve the Accuracy of Court Valuations in Chapter 11?

Demiroglu, Cem - 2020

Past studies document large court valuation errors in Chapter 11 bankruptcy, which are often attributed to the lack of transparent market prices of the debtor's securities. We document that the introduction of mandated public dissemination of over-the-counter corporate bond transactions through...

Persistent link: https://www.econbiz.de/10012855881

The Paradox of Liquidity

Myers, Stewart C. - 1995

viewed as increasing debt capacity, other things being equal. This paper focusses on the dark side of liquidity: greater … liquidity reduces the ability of borrowers to commit to a specific course of action. It examines the effects of differences in … asset liquidity on debt capacity. It suggests an alternative theory of financial intermediation and disintermediation …

Persistent link: https://www.econbiz.de/10012473739

Bargaining and the Division of Value in Corporate Reorganization

Bebchuk, Lucian Arye - 1991

This paper develops a sequential bargaining model of the negotiations in corporate reorganizations under Chapter 11. We identify the expected outcome of the bargaining process and examine the effects of the legal rules that shape the bargaining. We determine how much value equity holders and...

Persistent link: https://www.econbiz.de/10012475406

Bankruptcy prediction model for listed companies in Greece

Sfakianakis, Evangelos - In: Investment management and financial innovations 18 (2021) 2, pp. 166-180

Persistent link: https://www.econbiz.de/10012698192

Zur Bewertung insolventer Unternehmen unter Berücksichtigung der Reform des Insolvenzrechts

Melchers, Michael - 1995

Persistent link: https://www.econbiz.de/10012699912

Stock liquidity, empire building, and valuation

Chatterjee, Sris; Hasan, Iftekhar; John, Kose; Yan, An - In: The journal of corporate finance : contracting, … 70 (2021), pp. 1-17

Persistent link: https://www.econbiz.de/10012703954

The survival of the German FinTech market : an accounting-based valuation

Stuckenborg, Leonard; Leker, Jens - In: Journal of entrepreneurial finance : JEF ; official … 21 (2019) 1, pp. 57-92

The purpose of this paper is to examine the essential characteristics of the financial statements of FinTech start-ups and to investigate which figures of balance sheets are suitable indicators of failure for this still rising group of start-ups. We conduct a quantitative analysis of 595 annual...

Persistent link: https://www.econbiz.de/10012241536

Pandemics, intermediate goods, and corporate valuation

Laeven, Luc - 2020

Persistent link: https://www.econbiz.de/10012244077