Results 321 to 330 of about 420,504 (381)

Dissecting Bankruptcy Frictions

Journal of Financial Economics, 2020
How efficient is corporate bankruptcy in the U.S.? Two frictions, asymmetric information and conflicts of interest among creditors, can cause several inefficiencies: excess liquidation, excess continuation, and excess delay.
W. Dou, Lucian A. Taylor, Wei Wang, Wenyu Wang   +3 more
semanticscholar   +1 more source

Busy Bankruptcy Courts and the Cost of Credit

Journal of Financial Economics, 2020
What are the costs of congested court systems? This paper studies the 2005 consumer bankruptcy reform, which caused the largest recorded drop in the caseload of bankruptcy courts in the United States. The reform changed the law for individual debtors but
Karsten Müller
semanticscholar   +1 more source

Climate Change Exposure and Bankruptcy Risk

British Journal of Management
This research documents that a firm's bankruptcy risk increases with its climate change exposure. This study further investigates the underlying mechanisms and finds that this effect is stronger for firms with lower operating cash flows or tighter ...
Fan Feng, Liyan Han, Jiayu Jin, Youwei Li   +3 more
semanticscholar   +1 more source

RAILROAD BANKRUPTCY PROPENSITY

The Journal of Finance, 1971
THE RECENT POOR PERFORMANCE of our nation's economy has been marked by a rash of business failures in all sectors.' One industry which has been particularly sensitive to economic downturns in the past is the nation's railroad carriers. In 1970, four railroads petitioned the courts for bankruptcy under Section 77 of the National Bankruptcy Act.
openaire   +1 more source

Bankruptcy

2004
Abstract In everyday language insolvency and bankruptcy may be used as interchangeable terms, but there is an important distinction to be drawn. Insolvency refers to a state of affairs in which an individual debtor is unable to discharge his financial obligations.
openaire   +2 more sources

Bankruptcy

2015
Bankruptcy is a legal process that generally seeks to effectuate two goals: (1) an orderly distribution of a debtor's prebankruptcy assets and/or future income for the benefit of creditors and (2) financial rehabilitation of the debtor. The first goal can be viewed as the law's response to the common-pool problem that arises when a debtor has ...
  +4 more sources

Corporate Bankruptcy Prediction Using Machine Learning Methodologies with a Focus on Sequential Data

Computational Economics, 2021
Hyeongjun Kim, Hoon Cho, Doojin Ryu
semanticscholar   +1 more source

Bankruptcy Prediction Using Deep Learning Approach Based on Borderline SMOTE

Information Systems Frontiers, 2020
Salima Smiti, M. Soui
semanticscholar   +1 more source

FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY

, 1968
E. Altman
semanticscholar   +1 more source

FINANCIAL RATIOS AND THE PROBABILISTIC PREDICTION OF BANKRUPTCY

, 1980
James A. Ohlson
semanticscholar   +1 more source