Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 109 for “"financial distress"”.
-
A classic statistical model developed towards predicting financial distress
… has been significant research on the topic of financial distress prediction, due to its relevance to various stakeholders. Beaver (1966), Altman (1968) and Ohlson (1980) are generally regarded as the pioneers in this field of study, despite heavy criticism their models are widely accepted and …
-
Corporate governance and financial distress prediction in the UK.
Prediction of financial distress has been a topic of much interest to companies and all interested stakeholders (Wanke et al. 2015). Investors, debt holders, creditors, employees, governments, auditors and the society in general, are all affected in one way or the other when firms become …
-
Essays on bankruptcy and the resolution of financial distress
That a firm's initial equityholders often emerge from Chapter 11 bankruptcy proceedings with more value than the absolute priority rule (APR) would suggest is now a generally accepted fact. The form in which this value is distributed, however, is less well understood. In particular, why do the …
-
A Decision Theory Experiment in the Assessment of Financial Distress
This experiment extends individual decision theory accounting research to a multi person setting. Specifically, the loan review performance of bank committees is examined using empirically derived cases pertaining to default and non default firms.
-
Predicting financial distress of JSE-Listed companies using Bayesian networks
… companies is considered with fourteen years of financial statement information and macroeconomic indicators used as predictor variables. Various permutations of Bayesian models are tested relating to different learning algorithms, intervals of discretisation and scoring metrics. In contrast to …
-
Taxes, financial distress, and capital structure in the United States and Japan
… examine whether a U.S. firm's proximity to both financial distress and tax exhaustion affects whether debt is negatively related to non-debt tax shields. Effective tax planning requires a firm to consider both the tax and non-tax costs of its financing decisions. Financial distress costs are a …
-
Financial distress, dealers' behavior and asset pricing in the foreign exchange market
… FX market, I show that shocks to the CDS of a financial intermediary, proxy for its financial wealth, makes her quote larger bid-ask spreads when uncertainty about the underlying traded asset is high or when market competition is low. I first establish that markets are dominated by a handful of …
-
Essays on securitization and the resolution of financial distress by Manuel Adelino.
… essays on securitization and the resolution of financial distress, examining the information content of prices of mortgage-backed securities, the role of securitization in preventing mortgage renegotiation and the effect of minimum bids in ascending price auctions of repossessed assets. In the …
-
Corporate bankruptcy : assessment, analysis and prediction of financial distress, insolvency, and failure
… and analysis of business causes versus financial causes, as well as the interrelation between the two. The most important factors, such as financial and operating leverage, are explored in great detail to gain a better understanding of their implications and impact on corporate failure. …
-
Evaluation of a financial distress model for Department of Defense hardware contractors
… the Department of the Navy uses to predict the financial health of major defense hardware contractors. The inputs to this model are six financial ratios derived from a firm’s income sheet and balance statement. The output of this model is a single Z-score that indicates the health of a firm. …
-
Designing Machine Learning Models to Predict Financial Distress in NYSE and NASDAQ Companies
… grounded to improve the early identification of financial distress and manipulation risk among firms listed on the NYSE and NASDAQ. Drawing on Merton’s strain theory as an integrative framework, the research conceptualizes financial distress not merely as an accounting outcome, but as a response …
-
Measuring the Effect of Firm-Level Investor Sentiment on Liquidity and Financial Distress
… from news and Twitter content on a firm’s financial distress. The analyses yielded several significant results. (1) Investor firm-level sentiment derived from both news and Twitter media content is negatively related to a firm’s financial distress, where increases (decreases) in news and …
-
The impact of ESG ratings on financial distress : a study of the aviation industry
… aims to investigate the impact of ESG on financial distress risk for the airline industry. Additionally, the study distinguishes between low-cost and full-service airlines, acknowledging potential variations in their business models. The sample comprises of 45 airlines all over the world …
-
Impact of financial distress on UK bank performance and customer loyalty : an empirical study.
In the light of the global financial crisis of 2007 which is considered to be the worst since the Great Depression of the 1930s, it is evident that no bank is too big to fail. There have been a number of corporate failures in recent years, including instances in the United Kingdom. These events, …
-
Board attributes, financial distress and fruitless and wasteful expenditure in south african state-owned enterprises
Purpose: Poor financial viability, perpetual inefficiencies and wastage are some of the challenges facing South African state-owned enterprises (SOEs). SOE boards are often criticised for failing to protect the financial sustainability of these entities and prevent the incurrence of fruitless and …
-
The use of recursive partitioning to build a financial distress prediction for JSE listed companies
The financial crises of 2008 increased the focus around financial distress and even more so on predicting financially distressed companies prior to the fact. This research paper investigates using recursive partitioning to predict financially distressed companies on the Johannesburg Stock Exchange, …
-
Corporate Social Performance as a Determinant of Firm Financial Distress: Insights from the Johannesburg Stock Exchange
… (CSP) levels affect the likelihood of firm financial distress in an emerging market context across economic cycles. The significance of this research lies in addressing the gaps in existing literature, which predominantly focuses on mature markets and often overlooks the varying impacts of …
Page 1 of 6