Academic literature on the topic 'Distressed Debt'

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Journal articles on the topic "Distressed Debt"

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Jaggi, Bikki, and Picheng Lee. "Earnings Management Response to Debt Covenant Violations and Debt Restructuring." Journal of Accounting, Auditing & Finance 17, no. 4 (2002): 295–324. http://dx.doi.org/10.1177/0148558x0201700402.

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The study investigates whether the choice of income-increasing or income-decreasing discretionary accruals is related to the severity of financial distress and whether this choice is also influenced by the creditors' waivers of debt covenant violations. Financially distressed firms experiencing debt covenant violations and/or debt restructuring during the 1989–96 period are used to evaluate the management's choice of discretionary accruals. Discretionary accruals are calculated based on four different accrual models. The results show that managers of financial distressed firms use income-increasing discretionary accruals if they are able to obtain waivers for debt covenant violations, and use income-decreasing discretionary accruals if debt restructuring takes place or debts are renegotiated because waivers are denied. These findings thus provide support to the expectation that the choice of income-increasing or -decreasing discretionary accruals is influenced by the severity of financial distress. They also provide an explanation for divergence in the results of earlier studies on the use of income-increasing or -decreasing discretionary accruals by financially distressed firms.
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Suriawinata, Iman Sofian. "Investigating the Simultaneity of Corporate Hedging and Debt Policies: Empirical Evidence from Indonesia." Gadjah Mada International Journal of Business 7, no. 2 (2005): 179. http://dx.doi.org/10.22146/gamaijb.5578.

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The primary objective of this paper is to investigate the simultaneity of corporate hedging and debt policies. Using a pooled sample of Indonesian non-financial listed firms covering the periods of 1996-2001, the present study finds evidence that corporate hedging and debt policies are simultaneously determined. That is, the use of debts motivate firms to hedge; but simultaneously, hedging increases debt capacity and induces firms to borrow more in order to take advantage of the tax benefits arising from additional debt capacity. Another important finding is that financially distressed firms –as indicated by their debt restructuring programs– are less motivated to hedge, because such firms will see that the option values of their equity will increase as their cash-flow volatilities increase. Therefore, financially distressed firms tend not to hedge; or at least, hedge lesser compared to those of firms that do not experience financial distress.
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Ohashi, Kazunari, and Manmohan Singh. "Japan's Distressed Debt Market." IMF Working Papers 04, no. 86 (2004): 1. http://dx.doi.org/10.5089/9781451850918.001.

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Frantz, Pascal, and Norvald Instefjord. "Debt overhang and non-distressed debt restructuring." Journal of Financial Intermediation 37 (January 2019): 75–88. http://dx.doi.org/10.1016/j.jfi.2018.08.002.

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Anson, Mark J. P. "A Primer on Distressed Debt Investing." Journal of Private Equity 5, no. 3 (2002): 6–17. http://dx.doi.org/10.3905/jpe.2002.320009.

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Stalker, Anthony. "Managing Distressed Debt and Extracting Value." CFA Institute Conference Proceedings Quarterly 26, no. 3 (2009): 41–46. http://dx.doi.org/10.2469/cp.v26.n3.9.

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Altman, Edward I., and Robert Benhenni. "The Anatomy of Distressed Debt Markets." Annual Review of Financial Economics 11, no. 1 (2019): 21–37. http://dx.doi.org/10.1146/annurev-financial-110118-123019.

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Over the last 30 years, the distressed debt market has come a long way and is now a legitimate investment asset class, albeit with periodic dramatic activity. Despite the benign credit cycle in US markets since the last great financial crisis, there are still more than 200 financial institutions in the United States, and a large number operating in other countries, such as Italy, Brazil, and India, specializing in investment in distressed and defaulted bonds and nonperforming loans. We document this novel and intriguing investment market, with a discussion of size, strategies, and performance. We also present new empirical results on pre- and postdefault experience, leveraging our unique databases on bond and loan prices and our indexes of performance of defaulted bonds and bank loans. The results show that the investment performance in distressed debt is not particularly impressive over the entire sample (1987–2016). For the last 10 years (2006–2016), however, the results are much better for overall outperformance, especially those using several strategies with respect to the seniority of the debt and market timing. This is due perhaps to favorable changes for creditors in the US bankruptcy code in 2005.
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Gul, Ferdinand A., Mehdi Khedmati, Edwin KiaYang Lim, and Farshid Navissi. "Managerial Ability, Financial Distress, and Audit Fees." Accounting Horizons 32, no. 1 (2017): 29–51. http://dx.doi.org/10.2308/acch-51888.

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SYNOPSIS This study examines whether the relationship between managerial ability and audit fees is conditional on financial distress. We find that higher managerial ability increases audit fees in financially distressed firms and decreases audit fees in non-distressed firms. We also observe that financially distressed firms with higher-ability managers display lower accrual quality and a higher likelihood of restatement. Moreover, higher-ability managers in distressed firms engage more in opportunistic financial reporting to concurrently maximize equity-based compensation and cope with debt refinancing pressures, which increases audit risks and results in greater audit fees. We confirm our results using a battery of sensitivity and additional analyses.
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Das, Sanjiv R., and Seoyoung Kim. "Going for Broke: Restructuring Distressed Debt Portfolios." Journal of Fixed Income 24, no. 1 (2014): 5–27. http://dx.doi.org/10.3905/jfi.2014.24.1.005.

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Guo, Xin, Robert A. Jarrow, and Haizhi Lin. "Distressed debt prices and recovery rate estimation." Review of Derivatives Research 11, no. 3 (2008): 171–204. http://dx.doi.org/10.1007/s11147-009-9029-2.

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Dissertations / Theses on the topic "Distressed Debt"

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Richter, Nicholas. "Möglichkeiten und Grenzen des Distressed Debt Investing in Deutschland : am Beispiel von Unternehmensverbindlichkeiten /." Wiesbaden : Deutscher Universitäts-Verlag, 2006. http://sfx.metabib.ch:9003/sfx_locater?sid=ALEPH:EBI01&genre=book&isbn=978-3-8350-9423-9&id=doi:10.1007/978-3-8350-9423-9.

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Richter, Nicholas Peter. "Möglichkeiten und Grenzen des distressed debt investing in Deutschland am Beispiel von Unternehmensverbindlichkeiten." Wiesbaden Dt. Univ.-Verl, 2006. http://deposit.d-nb.de/cgi-bin/dokserv?id=2844623&prov=M&dok_var=1&dok_ext=htm.

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Eggenberger, Christina. "Herausforderungen für die Unternehmenssanierung durch den Sekundärmarkt für Kredite und Kreditrisiken am Beispiel des Distressed Debt Tradings und der Verbriefung." St. Gallen, 2008. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/03604428002/$FILE/03604428002.pdf.

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Wheetley, Amaya Tyler. "Nonperforming Loans: Asset Pricing and Determinants of Profitability." Scholarship @ Claremont, 2018. http://scholarship.claremont.edu/cmc_theses/1933.

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I formally analyze the role of nonperforming loan (NPL) characteristics in explaining NPL profit outcomes compared to the current pricing model for NPLs. I expected that factors included in the current NPL model would not be statistically significant in determining profit outcomes as those factors were considered in determining the purchase price of the asset. Surprisingly, I find that interest rates are statistically significant and negatively correlated with IRR. This is surprising because interest rates are considered in the current NPL pricing model. The results suggest that greater weight should be given to interest rates in determining the purchase price of an asset. Also surprising, I find that properties located in New York are negatively correlated with profitability. State assumption relating to costs and holding timelines are included in the current NPL model. However, the results suggest that additional consideration should be given to properties in New York when determining a purchase price. I also find that delinquent taxes have a slightly positive correlation with NPL Profitability. This was unexpected as delinquent taxes are deducted directly from the purchase price, suggesting a slightly greater significant than their dollar amount.
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Tanimura, Joseph Kiyoshi. "Taxes, financial distress and capital structure in the United States and Japan." Thesis, Connect to this title online; UW restricted, 2001. http://hdl.handle.net/1773/8745.

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Thompson, Samuel. "Understanding the relationship between debt problems and psychological distress." Thesis, University of East London, 2015. http://roar.uel.ac.uk/4539/.

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The proportion of people in the UK experiencing problems repaying debt has increased in recent years. A growing body of evidence suggests that there may be a relationship between debt problems and clinically significant psychological distress. However, the causal direction of this relationship is unclear. Furthermore, it seems likely that psychological factors influence the relationship, such that how people make sense of their financial situation determines, at least in part, the extent to which they experience distress. The present study aims to develop a richer understanding of the relationship between debt and psychological distress from the perspective of those experiencing both difficulties. The study was part of the Debt Counselling for Depression in Primary Care trial (DeCoDer). Semi-structured interviews were conducted with eight adults recruited through GP practices in Liverpool. All identified as having debt problems and significant depressive symptoms. A thematic analysis was undertaken from a social materialist perspective, focusing on how participants’ experience of debt problems impacted on their lives. Two over-arching themes were identified, each consisting of three sub-themes. Living with debt day-to-day described experiences of constant worry, material hardship and feelings of shame. Cumulative psychological impacts described the longer-term consequences of debt problems, highlighting in particular how debt threatened participants’ sense of themselves as valuable and led to a perceived loss of agency in the face of difficulties. Results of the analysis are discussed in light of psychological research and recent arguments from anthropology and political philosophy. The findings suggest that psychological processes of rumination, social comparison and identity threat may be significant factors in causing distress amongst people with debt problems, in part because of a wider social milieu in which not being able to pay one’s debts is seen as a moral failing. Implications for clinical practice and future research are discussed.
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Fairhurst, Keith. "Investigating funding board composition and turnaround potential of private firms in financial distress." Thesis, University of Pretoria, 2017. http://hdl.handle.net/2263/62694.

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Controlling shareholders of private firms may define "value of the firm" in terms of personal utility. They may thus prioritize their personal wealth over the firm. Furthermore, agency-based corporate governance may not apply to privately owned firms. This study looked at managers and owners of private firms as potentially risky decision makers. Financial distress was positioned as a boundary to agency theory-based corporate governance for private firms. Choices of shareholders in respect of board composition and the relationship between board composition and external sources of funding were investigated. Influence on turnaround potential, of management who are also shareholders, was also considered. Data from 104 business rescue plans were used for correlation and multiple hierarchical regression analyses. The mean return to secured creditors was 94 % and the mean return to unsecured creditors was 48 %. Unexpectedly a negative correlation between number of directors and free assets was determined. Yet, in the regression model for return to secured creditors, the significant variables were total directors and free assets. It is concluded that personal surety provided by directors may be detrimental to a private firm's free assets. For unsecured creditors, the significant variables were size; management shareholding, and return to secured creditors. The study was conducted between 2011 and 2016 using secondary data drawn from actual business rescue cases. In conclusion, the agency cost of debt construct was refined and an estimate for the agency cost of distressed debt, was presented. Research findings offer improved insight into agency theory for private firms with a foundation for improved corporate governance models. Theorists may use this research to extend understanding of the theory of the firm and corporate governance. Furthermore bankruptcy and turnaround theory may be enhanced by the findings of this research. Practitioners may use the findings to refine credit risk and pricing models.<br>Thesis (PhD)--University of Pretoria, 2017.<br>Business Management<br>PhD<br>Unrestricted
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Pereira, Raynolde. "Taxes, endogenous financial distress costs, and the choice between private and public debt." Diss., The University of Arizona, 2001. http://hdl.handle.net/10150/280709.

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This dissertation examines the role of taxes and financial distress costs in the incremental financing choice between private and public debt. Theory suggests it is easier to renegotiate and restructure private debt claims outside bankruptcy. While financial distress costs may matter in the choice between private and public debt, the primary motivation for this study is to examine whether the relationship between financial distress costs and the private-public debt choice is dependent on firm's marginal tax rates. The point being firms more likely to default on their debt will exploit tax savings using private debt claims. Using a sample from the SDC database, I find a positive relationship between the issuance of private debt and the proxy for firms' financial distress costs. Additionally, I find a positive and significant relationship between the interaction of taxes and financial distress costs and the issuance of private debt claims. This supports the argument that the relationship between financial distress costs and the choice of debt is dependent on the firm's tax status. The intuition is that while financial distress costs differ between private and public debt claims, firms are likely to exploit this cost differential in the presence of positive tax savings available through the issuance of debt. Overall, the results are robust to alternative specifications of financial distress costs. The empirical models also control for variables that may lead to cost differential between private and public debt claims. I find firms with high growth opportunities are more likely to issue private debt claims. Consistent with the economies of scale argument, I find public debt tend to be denominated in large issues. I also find that large firms are more likely to issue in public debt markets. One argument here is that large firms do not require the close monitoring provided by private lenders. Finally, as documented in prior studies, I find that regulated firms are less likely to issue private debt claims.
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Ehmke, David Christoph [Verfasser]. "Bond Debt Governance : A Comparative Analysis of Different Solutions to Financial Distress of Corporate Bond Debtors / David Christoph Ehmke." Baden-Baden : Nomos Verlagsgesellschaft mbH & Co. KG, 2018. http://d-nb.info/1175742651/34.

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ROSSI, PAOLA. "Relazioni di credito, difficoltà finanziarie e rinegoziazione del debito." Doctoral thesis, Università Cattolica del Sacro Cuore, 2014. http://hdl.handle.net/10280/2812.

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La tesi analizza come le relazioni tra banche e imprese influenzino la capacità di aziende in difficoltà di rinegoziare il loro debito. Dopo una rassegna della teoria, con particolare attenzione ai fallimenti di mercato che ostacolano la rinegoziazione (primo paper), la tesi approfondisce i problemi di coordinamento tra più banche in presenza di multiaffidamento (secondo paper). Un modello a giochi ripetuti viene utilizzato per descrivere la situazione di banche che si incontrano ripetutamente per discutere su numerose imprese in difficoltà. In tale contesto, il coordinamento è raggiunto seguendo una classica ,'trigger strategy', che prevede la punizione dei comportamenti opportunistici. All’aumentare del numero di banche, altre strategie possono essere utilizzate, come l’esclusione dei creditori considerati inaffidabili (‘ostracismo’), migliorando così la probabilità di cooperare. L’ultimo paper affronta questi temi empiricamente: le banche ristrutturano più facilmente aziende il cui debito è prevalentemente di origine bancaria, più grandi e con una migliore situazione economica e finanziaria prima della crisi. Al crescere del numero di banche la probabilità di ristrutturare e il credito concesso dopo la crisi aumentano fino ad una soglia, stimata tra tre e quattro banche, oltre la quale trovare un accordo diventa più difficile. Questo risultato può aiutare a spiegare la diffusione del multiaffidamento.<br>The thesis analyses how bank-firm relationships affect firms facing financial distress and their capability to renegotiate outstanding debt. The first paper reviews the theoretical contributions on this process and the market failures that hinder it. The second paper studies coordination problems among multiple banks. Banks have more than one distressed firm to face and, therefore, they come across repeatedly and behave strategically. This setting is modelled as a repeated game, wherein coordination is improved by following a classical trigger strategy, which threatens a punishment in case of free riding behaviours. As the number of lending banks increases, different strategies can be adopted, such as ostracism against untrustworthy players, thus improving the likelihood of cooperation. The last paper analyses empirically the issue: banks tend to restructure those firms they are more involved in, larger and with a better economic and financial situation before the distress event. A higher number of banks and more dispersed debt increase the restructuring probability, the new credit granted after the distress event and the survival probability, up to a threshold estimated between three and four banks, beyond which reaching an agreement becomes harder. This result gives a new rationale to multiple banking relations.
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Books on the topic "Distressed Debt"

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Ohashi, Kazunari. Japan's distressed-debt market. International Monetary Fund, International Capital Markets Dept., 2004.

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Lützenrath, Christian, Jörg Schuppener, and Kai Peppmeier, eds. Distressed Debt und Non-Performing Loans. Gabler Verlag, 2006. http://dx.doi.org/10.1007/978-3-8349-9352-6.

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Distressed debt analysis: Strategies for speculative investors. J. Ross, 2004.

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Denniston, Karol K. Distressed debt trading: Understanding international and domestic secondary markets. Euromoney Books, 2000.

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Richter, Nicholas. Möglichkeiten und Grenzen des Distressed Debt Investing in Deutschland. Gabler, 2006. http://dx.doi.org/10.1007/978-3-8350-9423-9.

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1961-, Hotchkiss Edith, ed. Corporate financial distress and bankruptcy: Predict and avoid bankruptcy, analyze and invest in distressed debt. 3rd ed. Wiley, 2006.

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Singh, Manmohan. Recovery rates from distressed debt: Empirical evidence from chapter 11 filings, international litigation, and recent sovereign debt restructuring. International Monetary Fund, International Capital Markets Department, 2003.

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Guthner, Mark. Quantitative analytics in debt valuation & management: A breakthrough methodology for analyzing the high-yield and distressed debt market. McGraw-Hill, 2012.

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Kwon, Jae-Jung. Distressed corporate debts in Korea. Korea Institute for International Economic Policy, 1999.

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Cable, Vincent. Debt distress: A problem for low income developing countries. Economic Affairs Division, Commonwealth Secretariat, 1988.

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Book chapters on the topic "Distressed Debt"

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Persky, Steven D. "Distressed Debt Strategies." In Credit Derivative Strategies. John Wiley & Sons, Inc., 2015. http://dx.doi.org/10.1002/9781119204220.ch2.

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Harner, Michelle M., Paul E. Harner, Catherine M. Martin, and Aaron M. Singer. "Distressed Debt Investing." In Alternative Investments. John Wiley & Sons, Inc., 2013. http://dx.doi.org/10.1002/9781118656501.ch15.

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Krause, N. "Debt-Equity Swaps." In Distressed Mergers & Acquisitions. Springer Fachmedien Wiesbaden, 2016. http://dx.doi.org/10.1007/978-3-658-12248-5_7.

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Metze, Fredrik, and Lars Westpfahl. "Hedgefonds und Distressed-Debt-Investoren." In Stakeholder Management in der Restrukturierung. Springer Fachmedien Wiesbaden, 2015. http://dx.doi.org/10.1007/978-3-658-05001-6_5.

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Lützenrath, Christian. "Bankstrategien im Umgang mit Distressed Opportunity-Investoren." In Distressed Debt und Non-Performing Loans. Gabler Verlag, 2006. http://dx.doi.org/10.1007/978-3-8349-9352-6_8.

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Mba, Sanford U. "The Role of Distressed Debt Investors in Financing Distressed Debtor Restructuring." In New Financing for Distressed Businesses in the Context of Business Restructuring Law. Springer International Publishing, 2019. http://dx.doi.org/10.1007/978-3-030-19749-0_6.

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Denkhaus, Stefan, and Achim Thomas Thiele. "Non-Performing Loans und Insolvenz." In Distressed Debt und Non-Performing Loans. Gabler Verlag, 2006. http://dx.doi.org/10.1007/978-3-8349-9352-6_9.

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Czech, Michael, and Alexander Neumann. "Optionen auf der Bankenseite – Verkauf versus Eigensanierung." In Distressed Debt und Non-Performing Loans. Gabler Verlag, 2006. http://dx.doi.org/10.1007/978-3-8349-9352-6_2.

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Damnitz, Michael, and Axel Rink. "Strategien der Investoren." In Distressed Debt und Non-Performing Loans. Gabler Verlag, 2006. http://dx.doi.org/10.1007/978-3-8349-9352-6_3.

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Lützenrath, Christian, and Alexander Neumann. "Regulatorische Anforderungen an Handel und Übertragung von Corporate Distressed Debt und Non-Performing Loans." In Distressed Debt und Non-Performing Loans. Gabler Verlag, 2006. http://dx.doi.org/10.1007/978-3-8349-9352-6_4.

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Conference papers on the topic "Distressed Debt"

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Putri, Miranda, Mohamad Zulman Hakim, and Dirvi Surya Abbas. "Pengaruh Return On Equity, Current Ratio Dan Debt To Asset Ratio Terhadap Financial Distress (Pada Perusahaan Sektor Agriculture yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2019)." In SEMINAR NASIONAL DAN CALL FOR PAPER 2020 FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS MUHAMMADIYAH JEMBER. UM Jember Press, 2021. http://dx.doi.org/10.32528/psneb.v0i0.5201.

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Peneilitian ini bertujuan untuk mengetahui pengaruh Return on Equity, Current Ratio dan Debt to Asset Ratio terhadap kondisi Financial Distress. Pendekatan yang digunakan dalam penelitian ini adalah metode penelitian secara kuantitatif. Populasi penelitian ini adalah perusahaan agrikultur yang terdaftar di Bursa Efek Indonesia pada tahun 2016-2019. Pengambilan sampel dalam penelitian ini menggunakan metode purposive sampling diperoleh 32 sampel dengan jumlah 8 perusahaan. Penelitian ini menggunakan metode analisis regresi linier berganda dengan bantuan program EViews 9.0. Hasil penelitian ini adalah Return on Equity dan Current Ratio tidak memiliki pengaruh terhadap Financial Distress. Sedangkan Debt to Asset Ratio memiliki pengaruh negatif terhadap Financial Distress.
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Varirera, Vieda Vira, and Suyatmin Waskito Adi. "Pengaruh Rasio Hutang, Profit Margin, Ukuran Perusahaan, Dan Likuiditas Terhadap Financial Distress Pada Perusahaan Properti, Real Estate Dan Konstruksi Bangunan Yang Terdaftar Di Bei." In SEMINAR NASIONAL DAN CALL FOR PAPER 2020 FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS MUHAMMADIYAH JEMBER. UM Jember Press, 2021. http://dx.doi.org/10.32528/psneb.v0i0.5209.

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Financial distress merupakan keadaan kesulitan keuangan yang terjadi pada perusahaan sebelum mengalami kebangkrutan. Penelitian ini bertujuan untuk menguji pengaruh rasio hutang, profit margin, ukuran perusahaan dan likuiditas terhadap financial distress. Populasi dalam penelitian ini adalah sektor properti, real estate dan konstruksi bangunan yang terdaftar di Bursa Efek Indonesia tahun 2017-2019. Teknik pengambilan sampel dalam penelitian ini menggunakan metode purposive sampling, kemudian diperoleh 57 perusahaan sebagai sampel penelitian. Teknik analisis data yang digunakan adalah analisis regresi linier berganda dengan program software SPSS 20. Variabel financial distress diukur dengan model Zmijewsky Score, variabel rasio hutang diukur dengan debt to total asset, variabel profit margin diukur dengan net profit margin, variabel ukuran perusahaan diukur dengan log total aset dan likuiditas diukur dengan current ratio. Jenis data yang digunakan adalah data sekunder yang diperoleh dari www.idx.co.id. Hasil penelitian menunjukkan bahwa rasio hutang berpengaruh positif dan signifikan terhadap financial distress, profit margin berpengaruh negatif dan signifikan terhadap financial distress. Sedangkan variabel ukuran perusahaan dan likuiditas lainnya tidak berpengaruh signifikan terhadap financial distress.
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Kusumawati, Eny, and Alfina Shinta Dilas Chaniago. "Analisis Faktor Penentu Financial Distress Pada Perusahaan Jasa Yang Terdaftar Di Bei." In SEMINAR NASIONAL DAN CALL FOR PAPER 2020 FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS MUHAMMADIYAH JEMBER. UM Jember Press, 2021. http://dx.doi.org/10.32528/psneb.v0i0.5202.

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Penelitian ini bertujuan untuk menganalisis faktor penentu terjadinya financial distress dengan analisis Model Altman Z-Score pada perusahaan sektor perdagangan, jasa dan investasi yang terdaftar di Bursa Efek Indonesia periode 2014-2019. Penelitian ini menganalisis pengaruh variabel profitabilitas yang diproksikan dengan return on assets (ROA). Likuiditas yang diwakili oleh current ratio (CR). Solvabilitas (leverage) yang diproksikan dengan debt equity ratio (DER). Komite audit yang diproksikan dengan jumlah komite audit. Kepemilikan institusional diproksikan dengan kepemilikan saham perusahan oleh institusi-institusi dari seluruh saham yang beredar. Metode pengambilan sampel dalam penelitian ini adalah purposive sampling. Jumlah sampel dalam penelitian ini sebanyak 50 sampel. Data rasio keuangan perusahaan pada tahun 2014-2018, kemudian digunakan unutk memprediksikan financial distress pada tahun 2015-2019. Financial distress diperoleh oleh Z-Score. Metode yang digunakan untuk pengumpulan data dalam penelitian ini adalah metode dokumentasi. Teknik analisis dilakukan dengan statistik deskriptif dan uji asumsi klasik serta uji hipotesis menggunakan metode regresi linier berganda, uji Adjusted R2, uji F dan uji t. Hasil penelitian menunjukkan bahwa profitabilitas, likuiditas, solvabilitas (leverage) dan kepemilikan institusional berpengaruh signifikan terhadap financial distress. Sementara itu, komite audit tidak berpengaruh terhadap financial distress.
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MURGIA, GIANLUCA, and SIMONE SBRILLI. "A DECISION SUPPORT SYSTEM FOR SCORING DISTRESSED DEBTS AND PLANNING THEIR COLLECTION." In Proceedings of the XVII SIGEF Congress. WORLD SCIENTIFIC, 2012. http://dx.doi.org/10.1142/9789814415774_0005.

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Prawira, Ida Farida Adi, and Silvi Aulia Darus. "Revenue Concentration and Debt Usage: As they affect fiscal distress in district government." In Proceedings of the 1st International Conference on Economics, Business, Entrepreneurship, and Finance (ICEBEF 2018). Atlantis Press, 2019. http://dx.doi.org/10.2991/icebef-18.2019.13.

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Chunping, Tan, Qin Xuezhi, and Wang Lin. "Research on Equity Refinancing, Debt Restructuring and Firm Pricing Based on Financial and Economic Distress." In Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019). Atlantis Press, 2019. http://dx.doi.org/10.2991/aebmr.k.191217.044.

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Purnama, Dendi, Amir Hamzah, Oktaviani Puspasari, Siti Nurfatimah, and Enung Nurhayati. "Free Cash Flow, Financial Distress and Debt Policy Toward Earnings Management in Indonesian Banking Sector." In Proceedings of the 1st Universitas Kuningan International Conference on Social Science, Environment and Technology, UNiSET 2020, 12 December 2020, Kuningan, West Java, Indonesia. EAI, 2021. http://dx.doi.org/10.4108/eai.12-12-2020.2305112.

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Ortega, M. P., C. Sunkel, and J. G. Priego. "PROTECTIVE EFFECT OF A NEW SYNTHETIC COMPOUND: PCA-4230, ON SEVERAL In vivo THROMBOSIS MODELS." In XIth International Congress on Thrombosis and Haemostasis. Schattauer GmbH, 1987. http://dx.doi.org/10.1055/s-0038-1643430.

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PCA-4230 is a new anti-thrombotic compound which inhibits pla. telet aggregation In vltn.0 and ex. vivo in several species, including man, prolongs the bleeding time and has potent protective ac tivity in several thrombosis models. Phase I trials with different dosage schedules have recently been initiated.In the present study, the effects of PCA-4230 on bleeding time and on several In vivo thrombosis models were studied in mice. Mice were treated with one single oral dose of PCA-4230 (1-10 mg/ kg). One hour after treatment, mice were injected intravenously with four thrombotic challengers {arachidonic acid (AA), thromboxane agonist (U46619), Platelet Activating Factor (PAF) or collagen/epinephrine combination (C/E)} at a dose which induced 80-90% of mortality. The thrombotic agents were prepared in saline. The appropiate doses were dissolved in a volume of 100 μl/mouse. Bleeding time was measured in non-anesthetized mice by the tail transection technique.Effects of compound were recorded from1 to 4 hours after dosage. Acute pre-treatment with PCA-4230 showed a significant dose-depen dent protective effect.Results of each series of experiments are given in the next table.The compound inhibited thrombotic sudden death induced by U46619, PAF or C/E combination, reduced the duration of respiratory distress induced by AA and prolonged bleeding time. Thus, PCA-4230 is protective against a variety of thrombotic stimuli.These results suggest that PCA-4230 may be a promising anti-throm botic drug.
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Reports on the topic "Distressed Debt"

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Dobbie, Will, and Jae Song. Targeted Debt Relief and the Origins of Financial Distress: Experimental Evidence from Distressed Credit Card Borrowers. National Bureau of Economic Research, 2017. http://dx.doi.org/10.3386/w23545.

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Beuermann, Diether, Henry Mooney, Elton Bollers, et al. Caribbean Quarterly Bulletin 2020: Volume 9: Issue 4, December 2020. Inter-American Development Bank, 2020. http://dx.doi.org/10.18235/0002948.

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For most Caribbean countries, the COVID-19 pandemic will translate into the deepest single-year contraction of real GDP on record in 2020. With the exception of Guyana, countries have experienced deep recessions, severe increases in unemployment, and long-lasting damage to many corporate and household balance sheets. The social consequences of the crisis continue to mount, and despite governments best efforts to buffer the shock to families, enterprises, and domestic markets, there remains a dire need for continued and more broad-based stimulus to ensure that economic capital both human and other wise remains intact. This edition of the Caribbean Quarterly Bulletin briefly reflects on notable economic developments in 2020, then shifts to longer-term issues, including a summary of an upcoming IDB publication, Economic Institutions for a Resilient Caribbean, as well as summaries of the book's key diagnostics and recommendations for each country. In some cases, country sections focus on specific areas of institutional reforms. For example, the Suriname section focuses on fiscal institutions, given the public debt distress there.
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Hilbrecht, Margo, David Baxter, Alexander V. Graham, and Maha Sohail. Research Expertise and the Framework of Harms: Social Network Analysis, Phase One. GREO, 2020. http://dx.doi.org/10.33684/2020.006.

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In 2019, the Gambling Commission announced a National Strategy to Reduce Gambling Harms. Underlying the strategy is the Framework of Harms, outlined in Measuring gambling-related harms: A framework for action. "The Framework" adopts a public health approach to address gambling-related harm in Great Britain across multiple levels of measurement. It comprises three primary factors and nine related subfactors. To advance the National Strategy, all componentsneed to be supported by a strong evidence base. This report examines existing research expertise relevant to the Framework amongacademics based in the UK. The aim is to understand the extent to which the Framework factors and subfactors have been studied in order to identify gaps in expertise and provide evidence for decision making thatisrelevant to gambling harms research priorities. A social network analysis identified coauthor networks and alignment of research output with the Framework. The search strategy was limited to peer-reviewed items and covered the 12-year period from 2008 to 2019. Articles were selected using a Web of Science search. Of the 1417 records identified in the search, the dataset was refined to include only those articles that could be assigned to at least one Framework factor (n = 279). The primary factors and subfactors are: Resources:Work and Employment, Money and Debt, Crime;Relationships:Partners, Families and Friends, Community; and Health:Physical Health, Psychological Distress, and Mental Health. We used Gephi software to create visualisations reflecting degree centrality (number of coauthor networks) so that each factor and subfactor could be assessed for the density of research expertise and patterns of collaboration among coauthors. The findings show considerable variation by framework factor in the number of authors and collaborations, suggesting a need to develop additional research capacity to address under-researched areas. The Health factor subcategory of Mental Health comprised almost three-quarters of all citations, with the Resources factor subcategory of Money and Debt a distant second at 12% of all articles. The Relationships factor, comprised of two subfactors, accounted for less than 10%of total articles. Network density varied too. Although there were few collaborative networks in subfactors such as Community or Work and Employment, all Health subfactors showed strong levels of collaboration. Further, some subfactors with a limited number of researchers such as Partners, Families, and Friends and Money and debt had several active collaborations. Some researchers’ had publications that spanned multiple Framework factors. These multiple-factor researchers usually had a wide range of coauthors when compared to those who specialised (with the exception of Mental Health).Others’ collaborations spanned subfactors within a factor area. This was especially notable forHealth. The visualisations suggest that gambling harms research expertise in the UK has considerable room to grow in order to supporta more comprehensive, locally contextualised evidence base for the Framework. To do so, priority harms and funding opportunities will need further consideration. This will require multi-sector and multidisciplinary collaboration consistent with the public health approach underlying the Framework. Future research related to the present analysis will explore the geographic distribution of research activity within the UK, and research collaborations with harms experts internationally.
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