Results 161 to 170 of about 1,378 (255)

Bankruptcy Prediction Models: A Comparative Analysis

open access: yes
This thesis investigates the effectiveness of machine learning models in predicting bankruptcy among Italian companies, leveraging financial ratios derived from balance sheets, income statements, and cash flow statements. By analyzing data from 255,919 companies, including 28,360 bankrupt firms, spanning 1996 to 2023, this study addresses the critical ...
openaire   +3 more sources

The Effects of Information Technologies on the Bankruptcy Decision

open access: yesFinancial Management, EarlyView.
ABSTRACT Exploiting the staggered adoptions of electronic systems across 70 bankruptcy courts in the United States, I investigate the impacts of digital transformation on bankruptcy behavior. The digital transformation in bankruptcy courts significantly lowered the cost of filing by enabling debtors to file for bankruptcy online, yet empirical tests ...
Jeyul Yang
wiley   +1 more source

Price and Non‐price Terms of Syndicated Loans to Technology Firms

open access: yesFinancial Management, EarlyView.
ABSTRACT This paper examines whether US technology firms receive different price and nonprice terms in the syndicated loan market compared to nontechnology firms. The analysis reveals that technology borrowers face significantly less favorable terms, including 12 basis points higher loan spreads, approximately 5%$\%$ shorter maturities, and loan sizes ...
Weiting Hu   +2 more
wiley   +1 more source

Brand Equity and Debt Diversification

open access: yesFinancial 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

Shareholder Activism: Affliction for Incumbent CEOs?

open access: yesFinancial Management, EarlyView.
ABSTRACT We study how shareholder activism shapes CEO careers by distinguishing between two competing hypotheses: discipline and reallocation. Employing a control function approach with expected mutual fund fire sales and purchases as exclusion restrictions, we analyze 3799 US campaigns from 2006 to 2018.
Jana P. Fidrmuc   +2 more
wiley   +1 more source

Dual‐Class Firms and Voluntary Disclosure of Earnings Guidance

open access: yesFinancial Management, EarlyView.
ABSTRACT This paper shows that dual‐class firms issue more quarterly management earnings guidance, particularly when the guidance contains negative news. This effect is driven by the fact that insiders in dual‐class firms maintain sufficient control to be isolated from market pressure and disciplinary outcomes following disclosure.
Arash Dayani
wiley   +1 more source

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