Results 101 to 110 of about 18,168,283 (240)
Altman Z Score: Predictive Ability in China’s Real Estate Market
In the wake of the unprecedented collapse of one of China\u27s largest real estate developers, China Evergrande, questions have emerged regarding the sustainability, financial integrity, and structural soundness of these major conglomerates.
Ho, Matthew
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Annals of Public and Cooperative Economics, EarlyView.Abstract Traditional bankruptcy literature has primarily focused on commercial enterprises, often overlooking the unique dynamics of cooperatives and other small organizations. This study addresses this g ap by developing a predictive model for insolvency risk within Brazil's supplementary health sector, encompassing both for‐profit and not‐for‐profit ...
Thiago de Oliveira Victorino +2 more
wiley +1 more source
Board Independence and Adjustment Speed of CEO Inside Debt
European Financial Management, EarlyView.ABSTRACT We find that firms with more independent directors adjust CEO inside debt towards an optimum more quickly. This effect is more pronounced in financially unconstrained, growth, and under‐levered firms, and also firms led by more powerful or overconfident CEOs.
Bonnie Buchanan, Shuhui Wang, Tina Yang
wiley +1 more source
Do Banks Price ESG Performance? Regional Evidence From Europe and the United States
European Financial Management, EarlyView.ABSTRACT This study examines whether corporate ESG performance affects syndicated loan spreads and whether the effect differs between Europe and the United States. Using LPC DealScan loans matched with Refinitiv ESG ratings for 2010–2023, we find that higher ESG scores are associated with lower loan spreads; a one‐standard‐deviation increase implies a ...
Md Nurul Islam Sohel +3 more
wiley +1 more source
Analisis Financial Distress Altman Z-Score: Studi Perusahaan Food And Beverage Tahun 2024
This study aims to analyze the financial distress condition of food and beverage companies listed on Indonesia Stock Exchange during the 2024 period using the Altman Z-Score model.
Ila Kresnawati, Anisa Kusumawardani
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European Financial Management, EarlyView.ABSTRACT Zero‐leverage firms remain a puzzle in corporate finance. We propose a supply‐side mechanism linking environmental impact to debt access. Because creditors favour firms with high negative externalities and strong cash flows, environmentally friendly firms with high initial costs face tighter credit constraints.
Paolo Saona +3 more
wiley +1 more source
, 2012 Il presente studio ha l'obiettivo di verficare l'accuratezza per l'Italia del più celebre dei modelli di previsione dell'insolvenza, lo Z Score di Altman, tramite un test sulle imprese assoggettate ad Amministrazione Straordinaria nel periodo 2000-2010.
Altman E. I., FALINI, Alberto, Danovi A.
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Lender‐Affiliated Analysts and Syndicated Loans
Financial Management, EarlyView.ABSTRACT Loans to borrowers covered by affiliated analysts have lower spreads. This effect is driven mostly by affiliated analysts sharing information with, rather than demanding information from, lending arms. Exploiting plausibly exogenous changes in brokerage affiliations, we find that the results are likely to be causal.
Yongqiang Chu, Tao Ma, Cong (Roman) Wang
wiley +1 more source
Brand Equity and Debt Diversification
Financial Management, EarlyView.ABSTRACT This study examines how brand equity influences the diversity of firms’ debt structures. We propose that brand equity, by signaling larger and more stable future cash flows and greater product market awareness, alters the fundamental trade‐offs that drive optimal debt type diversity.
David C. Mauer +2 more
wiley +1 more source
Control Overhang and Owner Financial Constraints: Evidence From Equity Issuance
Financial Management, EarlyView.ABSTRACT Under the debt overhang problem, firms approaching distress issue too little equity because new capital primarily benefits creditors. We identify an additional mechanism—control overhang—that further suppresses equity issuance for firms with controlling owners. As distress risk rises, equity issuance discounts steepen, and each unit of capital
Jens Forssbæck +2 more
wiley +1 more source