The effect of CEO adverse professional experience on management forecast pessimism
Accounting &Finance, Volume 65, Issue 1, Page 219-250, March 2025.Abstract We examine how CEOs' past experiences of corporate distress affect their subsequent forecast behaviour. We find that CEOs who experienced distress in a non‐CEO position at another firm issue more pessimistic management earnings forecasts after becoming CEO at their current firm.
Eunice S. Khoo +2 more
wiley +1 more source
Small, alone and poor: a merciless portrait of insolvent French firms, 2007-2010 [PDF]
This empirical paper investigates the path to bankruptcy for a sample of French firms in default, in particular the decision to file a petition for bankruptcy, the arbitrage between rescuing and liquidation and the effective survival.
Messaoud Zouikri +2 more
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Auditor industry expertise and the predictive power of the deferred tax valuation allowance
Accounting &Finance, Volume 65, Issue 1, Page 323-364, March 2025.Abstract This paper investigates whether auditor industry expertise influences the predictive value of management earnings forecasts embedded in the deferred tax asset valuation allowance (VA). VAs depend on management's forecast of future taxable earnings and can provide investors with information about expected changes in future earnings.
Zhuoli Axelton +2 more
wiley +1 more source
DS-ARO: a multi-strategy improved artificial rabbits optimization algorithm for global optimization and corporate bankruptcy prediction. [PDF]
Sci RepBai X, Li Y.
europepmc +1 more source
Predicting Bankruptcy with Machine Learning Models
, 2022 This thesis explores the predictive power of different machine learning algorithms in Swedish firm defaults. Both firm-specific variables and macroeconomic variables are used to calculate the estimated probabilities of firm default. Four different algorithms are used to predict default; Random Forest, Adaboost, Feed Forward Neural Network and Long ...
openaire +1 more source
The challenges of bankruptcy reform [PDF]
The 2008 financial crisis was followed by a global economic downturn, credit crunch, and reduction in cross-border lending, trade finance, remittances, and foreign direct investment, which adversely affected businesses around the world.
Klapper, Leora +2 more
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Brand Capital and Leverage Adjustments
Accounting &Finance, EarlyView.ABSTRACT Using a sample of U.S. firm‐year observations, we document a positive association between brand capital and the speed of leverage adjustment. This relationship is stronger among firms that exhibit greater opacity in their information disclosure, weaker governance, and more rigid financial constraints.
Tongxia Li, Chun Lu, Lei Xu, Bo Yu
wiley +1 more source
Enhancing corporate bankruptcy prediction and customer relationship sustainability through CNN-based financial feature transformation. [PDF]
Sci RepShahbazi A +5 more
europepmc +1 more source
Possibilities of qualitative modeling in bankruptcy predictions
, 2011 The issue of bankruptcy has long been paid a considerable interest at practical and theoretical levels using more sophisticated tools such as genetic algorithms, neural networks, statistical methods etc. This article describes application of less a used method of Qualitative models which can forecast changes in trends and thus contribute to solving the
Krejčíř, Jaroslav +2 more
openaire +1 more source
Coordinated failure? a cross-country bank failure prediction model [PDF]
This paper empirically investigates the causes of bank failures in Japan and Indonesia. Using logistic regression analysis of financial ratios, we explore the usefulness of domestic bank failure prediction models with a cross-country model that allows ...
Besar, Dwityapoetra +3 more
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