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A bankruptcy regime is an essential element of all national domestic financial systems. It is essential for reasons of fairness, and of systemic stability. However there is presently no bankruptcy regime for nations. The international financial system is experiencing increasingly frequent, and severe, financial crises.
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On the Relationship Between Financial Distress and ESG Scores
ABSTRACT This empirical study analyzes the relationship between a company's financial distress obtained from a bankruptcy prediction model and ESG scores from Refinitiv, MSCI, ESG Book, and Moody's ESG. Applying a nonparametric regression technique on panel data of listed US companies for 2003–2022 reveals a pronounced and statistically significant U ...
Christian Lohmann+2 more
wiley +1 more source
Elevator dynamic monitoring and early warning system based on machine learning algorithm
In order to monitor and warn the elevator dynamics, in this work, the machine learning algorithm is introduced, and the particle swarm algorithm is used to perfect the model. The model is optimised, and the experimental comparison shows that the optimisation of the model parameters can further improve the accuracy of the elevator load prediction. Then,
Shuai Zhang, Qiangguo Yin, Jinlong Wang
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The Impact of Climate Change on the Performance of Agricultural Companies Worldwide
ABSTRACT This study examines the impact of climate change on agricultural firms, focusing on physical risks, both chronic (e.g., temperature and precipitation) and acute (e.g., droughts and floods). We conduct a panel data analysis of 19,929 companies in 69 countries across five continents from 2013 to 2021.
Karen Serrano+3 more
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Making America Healthy Again: Remedies for Robert F. Kennedy Jr.'s Campaign against Chronic Disease
Abstract Chronic diseases impose enormous health and economic burdens in the United States, especially on marginalized populations, and demand evidence‐based, equity‐focused interventions. To combat chronic disease, the Trump administration established the Make America Healthy Again Commission, chaired by Department of Health and Human Services ...
Lawrence O. Gostin+2 more
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Family Demands Diversity, Team Work–Family Conflict, and Team Effort: A Moderated Mediation Model
ABSTRACT Most research on family demands has been conducted at the individual level, showing that they can negatively influence employees' abilities to manage the work‐family interface. We challenge this existing paradigm by arguing that at the team level, family demands diversity (i.e., differences among members of the same team with respect to their ...
Andrew Li+6 more
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THE ECONOMICS OF PREPACKAGED BANKRUPTCY
A new kind of bankruptcy has emerged in the last few years. It can be thought of as a “hybrid” form—one that attempts to combine the advantages (and exclude the disadvantages) of the two customary methods of reorganizing troubled companies: workouts and bankruptcy.
McConnell, J J, Servaes, H
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A comparative study on the compensation of bankruptcy trustees in insolvent estates
Abstract A well‐functioning bankruptcy system is essential for economic stability, ensuring the efficient resolution of bankruptcies and the fair distribution of remaining assets. However, many jurisdictions face the issue of “empty,” “assetless,” or “insolvent” estates, where the assets of bankrupt entities are insufficient to cover the costs of the ...
R. D. Vriesendorp, J. M. W. Pool
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ENTERPRISE BANKRUPTCY IN LITHUANIA
Since the re‐establishment of the independence, Lithuania has undergone major changes in the sphere of economy and had to re‐orientate it towards a new (economic) market system, to enter new markets, and to restructure the economy. The shift in business conditions has given rise to numerous upheavals, including the bankruptcy of enterprises, which had ...
Garškiene, Aldona, Garškaite, Kristina
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Bankruptcy and the Collateral Channel [PDF]
ABSTRACTDo bankrupt firms impose negative externalities on their nonbankrupt competitors? We propose and analyze a collateral channel in which a firm's bankruptcy reduces the collateral value of other industry participants, thereby increasing their cost of debt financing.
Benmelech, Efraim, Bergman, Nittai
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