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Dissertations / Theses on the topic 'The Risk of Financial Distress'

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Published: 30 June 2021
Last updated: 4 February 2022

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1

Outecheva, Natalia. "Corporate financial distress : an empirical analysis of distress risk." kostenfrei, 2007. http://www.unisg.ch/www/edis.nsf/wwwDisplayIdentifier/3430.

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2

Sang, Le Quang. "The value of financial flexibility, corporate investment policy and financial distress risk." Thesis, University of Southampton, 2018. https://eprints.soton.ac.uk/427735/.

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This study investigates the effects of the value of financial flexibility (VOFF) on corporate investment policies and distress risk. I empirically examine three main following research questions: (1) Does VOFF affect level and efficiency of firm's capital investment, (2) does VOFF impact corporate ability to invest in working capital and the speed of working capital adjustment, and (3) does VOFF explain the variation in a firm's default probability. The study is mainly motivated by the well-established theoretical framework that suggests that financial flexibility enables a firm to finance des
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3

Costa, Magali Pedro. "Three essays on firms' financial distress." Doctoral thesis, Universidade de Évora, 2015. http://hdl.handle.net/10174/17512.

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Financial and output market decisions are crucial to the success or failure of an or- ganization. These decisions are influenced by the dynamic and competitive economic environment in which firms operate and, in turn, affect the ability of firms to meet their debt obligations. This thesis is constituted by three separate but interrelated essays which explore the impact of financial and operating decisions on the default risk. The first two essays study the equilibrium default probability, in a two-stage differentiated product duopoly model with uncertainty, where firms decide their financial s
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4

Dove, Howard. "Distress risk, financial crisis and investment strategies : evidence from the United Kingdom." Thesis, Durham University, 2018. http://etheses.dur.ac.uk/12755/.

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The thesis focuses on the impacts of market distress conditions and firms’ default probability on two key investment strategies in the UK. These are investment decisions in value firms versus growth firms (chapter 3), and well-performing firms versus poorly-performing firms (chapter 4). Although distress risk (measured by the market conditions and default probability) is a relevant factor in explaining the general movement of stock returns, this is the first study addressing a direct link between these distress elements and the above two investment choices. The thesis employs a range of distre
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5

Rugangira, Paul Kato. "Corporate governance, financial distress, and risk-taking in the USA banking sector." Thesis, University of Leeds, 2012. http://etheses.whiterose.ac.uk/7526/.

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This thesis investigates the role of corporate governance in US bank holding companies between 1998 to 2007. In the course of the thesis, four main contributions to extant literature are brought to the fore. First, the research facilitates a better understanding of the link between corporate governance and risk-taking. This is the main focus of the thesis and so this strand permeates the entire text. Second, it constructs a distance-to-default indicator, which is used to predict and compare financial conditions in banks that issued subordinated debt with those that did not. Third, it considers
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6

Zhiyong, Li. "Predicting financial distress using corporate efficiency and corporate governance measures." Thesis, University of Edinburgh, 2014. http://hdl.handle.net/1842/9934.

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Credit models are essential to control credit risk and accurately predicting bankruptcy and financial distress is even more necessary after the recent global financial crisis. Although accounting and financial information have been the main variables in corporate credit models for decades, academics continue searching for new attributes to model the probability of default. This thesis investigates the use of corporate efficiency and corporate governance measures in standard statistical credit models using cross-sectional and hazard models. Relative efficiency as calculated by Data Envelopment
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7

Smit, Candice. "The use of recursive partitioning to build a financial distress prediction for JSE listed companies." Master's thesis, University of Cape Town, 2016. http://hdl.handle.net/11427/20633.

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The financial crises of 2008 increased the focus around financial distress and even more so on predicting financially distressed companies prior to the fact. This research paper investigates using recursive partitioning to predict financially distressed companies on the Johannesburg Stock Exchange, taking different business cycle periods into account over the time period 1997-2014. The updated as well as longer time period over which the analysis is conducted distinguishes this research paper from prior research. This paper employs both the CART and CHAID algorithm and obtains financially dist
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8

Pålsson, Moa, and Patric Beijer. "Corporate Sustainability Performance and the Risk of Financial Distress : A Panel Data Analysis." Thesis, Umeå universitet, Företagsekonomi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-185346.

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There are increased calls for corporations to act responsibly. Those responsibilities exceed the classical assumption that the only responsibility of the firm is its shareholders and ultimately to maximize their wealth. Any social issue participation has been described as charity or squandering of resources at the expense of the shareholders. According to the Stakeholder theory, firms should consider every stakeholder that is affected by the company and stakeholder management can be a source of value. The risk reduction hypothesis is especially interesting in the context of corporate sustainab
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9

Elgammal, Mohammed. "An empirical analysis of the relationship between the value premium and financial distress within a GARCH framework." Thesis, University of Aberdeen, 2010. http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=137007.

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This thesis provides an empirical analysis of the relationship between the value premium and financial distress. Measures of leverage and default are used as proxies for financial distress. Using both an international data set, 1991 to 2006 and a long time series data set for the United States, 1927 – 2007, the thesis adds knowledge about the role of the value premium in asset pricing theory. Generalised autoregressive conditional heteroscedastic modelling (GARCH) is used and information gathered on the volatility of the value premium. A vector autoregressive (VAR) framework and Granger Causal
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10

Mselmi, Nada. "Financial distress prediction and equity pricing models : Theory and empirical evidence in France." Thesis, Orléans, 2017. http://www.theses.fr/2017ORLE0502.

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Cette thèse porte sur la prédiction de la détresse financière et son impact sur le rendement des actions. L’objet principal de cette thèse est de : (i) prédire la détresse financière des petites et moyennes entreprises françaises en utilisant plusieurs spécifications économétriques tels que, le modèle Logit, les réseaux de neurones artificiels, la méthode SVM et la régression des moindres carrés partiels, et (ii) d’identifier les facteurs de risque de détresse financière à caractère systématique, explicatifs des rendements des actions, et additionnels au modèle de Fama et French (1993) tels qu
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11

Yilmaz, Aycan. "Pricing Default And Financial Distress Risks In Foreign Currency-denominated Corporate Loans In Turkey." Master's thesis, METU, 2011. http://etd.lib.metu.edu.tr/upload/12613707/index.pdf.

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The globalization leads to integration of the economies worldwide. As the firms&#039<br>businesses also get integrated with each other, the financing choices of the firms diversify. Among these choices, the popularity and the share of foreign currency borrowing in total borrowing by non-financial firms increase in Turkey similar to the global developments. The main purpose of this thesis is to price the risks of default and financial distress due to foreign currency denominated loans of non-financial firms in Turkey. The valuation model of foreign currency corporate loans is established by two
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12

Chen, Rui. "Dynamic optimal control for distress large financial networks and Mean field systems with jumps Optimal connectivity for a large financial network Mean Field BSDEs and Global Dynamic Risk Measures." Thesis, Paris Sciences et Lettres (ComUE), 2019. https://portail.bu.dauphine.fr/fileviewer/index.php?doc=2019PSLED042.

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Cette thèse propose des modèles et des méthodes pour étudier le contrôle du risque dans de larges systèmes financiers. Nous proposons dans une première partie une approche structurelle : nous considérons un système financier représenté comme un réseau d’institutions connectées entre elles par des interactions stratégiques sources de financement mais également par des interactions qui les exposent à un risque de contagion de défaut. La nouveauté de notre approche réside dans le fait que ces deux types d’interaction interfèrent. Nous proposons des nouvelles notions d’équilibre pour ces systèmes
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13

Okehi, Daniel Onyebuchi. "Modelling Risk Management in Banks: Examining Why Banks Fail?" ScholarWorks, 2014. https://scholarworks.waldenu.edu/dissertations/158.

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The persistent bank failures in the Nigerian financial system have been a major concern of the government, depositors, shareholders, and the general public because of the important roles banks play in the economy. The aim of this research was to determine why there have been persistent bank failures in Nigeria and to investigate whether ineffective risk management in banks, coupled with poor corporate governance practices and nonadherence to regulations (independent variables), play a significant role in the banks' performance(dependent variable). The variables were operationalized by taking V
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14

Ericsson, Jan. "Credit Risk in Corporate Securities and Derivatives : valuation and optimal capital structure choice." Doctoral thesis, Stockholm : Economic Research Institute, Stockholm School of Economics [Ekonomiska forskningsinstitutet vid Handelshögsk.] (EFI), 1997. http://www.hhs.se/efi/summary/446.htm.

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15

GRASSELLI, FRANCESCA. "L'Analisi e la Previsione delle Insolvenze: Lo Studio del Caso Italiano." Doctoral thesis, Università Cattolica del Sacro Cuore, 2007. http://hdl.handle.net/10280/132.

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A causa delle conseguenze che il fenomeno comporta, sia sul piano finanziario sia sul fronte dell'economia reale, l'analisi e la previsione delle insolvenze societarie continua a rappresentare un argomento attuale nell'ambito della ricerca economica. I recenti sforzi condotti dal Comitato di Basilea verso la diffusione di criteri di valutazione del rischio di credito più precisi ed oggettivi, hanno ulteriormente accresciuto l'importanza della materia. L'obiettivo del presente studio è l'analisi del fenomeno del fallimento sul territorio italiano, al fine di valutare quali variabili sono più ef
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16

ANSELMI, GIULIO. "ESSAYS ON OPTION IMPLIED VOLATILITY RISK MEASURES FOR BANKS." Doctoral thesis, Università Cattolica del Sacro Cuore, 2016. http://hdl.handle.net/10280/10402.

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La tesi comprende tre saggi sul ruolo della volatilità implicita per le banche. La tesi è organizzata in tre capitoli. Capitolo I - studia il ruolo di skew e spread della volatilità implicita nel determinare i rendimenti delle azioni bancarie. Capitolo II - analizza gli effetti degli skew della volatilità implicita e della realized volatility sulla leva finanziaria delle banche. Capitolo III - si focalizza sul rapporto tra il coefficiente di liquidità delle banche e le misure per il rischio estratte dalla volatilità (skew, spread, realized volatility).<br>The thesis comprehends three essays on
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17

Lindblad, Fredrik. "Market structure and economic status for firms producing single-family houses in Sweden." Licentiate thesis, Linnéuniversitetet, Institutionen för maskinteknik (MT), 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-60000.

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The gradually changing behavior of the population, towards urbanization, ledto an increased shortage of available housing. This development has resultedin a serious issue in Sweden, where too few firms are providing solutions formulti-family houses in wood. Potential firms that could fill this increasingdemand are those in the single-family house industry. Yet, these firms mightface considerable problems with productivity, predominately derived fromincreasing production costs and inadequate production development.Developing these firms are associated with long-term investments, whichis investi
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18

Pranckh, Rupprecht. "Corporate Financial Distress and Financial Restructuring Solutions." St. Gallen, 2006. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/01666007002/$FILE/01666007002.pdf.

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19

Ashraf, Sumaira. "Three essays on financial distress." Doctoral thesis, Universidade de Évora, 2019. http://hdl.handle.net/10174/30150.

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Large corporate failures and scandals in recent years indicate the shortcomings of current risk assessment tools and highlight the need for more extensive research on predicting financial distress (FD). The main objective of this thesis, comprised of three independent essays, is to provide empirical evidence on the factors affecting financial distress of firms. The first essay compares the accuracy of traditional distress prediction models at predicting the early warning signs of financial distress. The results reveal that the prediction accuracy of models declines for both early and more prog
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20

Aziz, Muhammad A. "Predicting corporate financial distress in UK." Thesis, Loughborough University, 2007. https://dspace.lboro.ac.uk/2134/34090.

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The motivation for empirical research in corporate financial distress prediction is clear: the early detection of financial distress and the use of corrective measures are preferable to protection under insolvency law. Many different models have been used to predict corporate financial distress, and choosing between them for empirical application is not straightforward. One objective of this research is providing a comprehensive review, clarifying the problem of model choice in empirical prediction of corporate financial distress. To that end, we conduct a meta-analysis of the literature revie
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21

Oshiro, Renan Kenji. "Estruturas de governança corporativa e financial distress: há relação entre conselho de administração e empresas em financial distress?" reponame:Repositório Institucional do FGV, 2016. http://hdl.handle.net/10438/15858.

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Submitted by Renan Kenji Oshiro (renan.oshiro@gmail.com) on 2016-03-14T17:17:08Z No. of bitstreams: 1 OSHIRO - Estruturas de governança corporativa e financial distress.pdf: 1792395 bytes, checksum: 0816d14d773c954b257c5ad3f90312d1 (MD5)<br>Approved for entry into archive by Renata de Souza Nascimento (renata.souza@fgv.br) on 2016-03-14T17:20:18Z (GMT) No. of bitstreams: 1 OSHIRO - Estruturas de governança corporativa e financial distress.pdf: 1792395 bytes, checksum: 0816d14d773c954b257c5ad3f90312d1 (MD5)<br>Made available in DSpace on 2016-03-14T17:42:57Z (GMT). No. of bitstreams: 1 OS
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22

Stulpinienė, Vaida. "Financial distress prediction model of family farms." Doctoral thesis, Lithuanian Academic Libraries Network (LABT), 2014. http://vddb.library.lt/obj/LT-eLABa-0001:E.02~2013~D_20140123_133545-56537.

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Designed financial distress prediction model is intended directly for the farmer (decision-maker) in order to diagnose the farm’s financial condition and predict the likelihood of financial distress, by using financial information of his farm. There are identified family farm characteristics in which family farms have higher risks to run in financial distress and are guidelines for the family farms that intend to more carefully monitor and control their financial condition. The aim of the research: after analysing the conception of financial distress and identifying the factors determining the
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23

Rutishauser, Philipp. "Unternehmen im Financial Distress Modelle zur Krisenfrüherkennung /." St. Gallen, 2006. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/03601762001/$FILE/03601762001.pdf.

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24

Musmar, Firas Fathi. "Financial Distress in the Health Care Business." ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/3053.

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Sixty-four United States hospitals closed for poor organizational performance during 2010 through 2016. Because of hospital closures, community members experienced delays in obtaining needed care, reduced access to specialty care, and increased travel distances. Based on the balanced scorecard model theory, the purpose of this qualitative single case study was to explore strategies that 10 health care leaders used at a healthcare organization in central Texas to prevent financial distress. Semistructured interviews were conducted and archival organizational accounting records were reviewed, in
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25

CHEN, PING TSUN, and 陳炳村. "Financial Distress Risk，Technical indicators， and Stock Returns." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/02555929495502563372.

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碩士<br>東海大學<br>管理碩士在職專班<br>97<br>This study attempts to detect (1) the probability of financial distress of public companies and (2) the impact of financial distress on their future stock returns. In contrast to prior studies using financial ratios, I add a technical rule of stock price reaching historical minimum to logistic regressions. Using a sample of all Taiwanese companies during 1999-2006, I find that the technical rule has incremental explanatory power on future financial distress, indicating that past stock prices help to forecast corporate bankruptcy. I then separate companies ev
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rong, huang shuen, and 黃舜容. "Predicting Financial Distress for Merton's Credit Risk Model." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/39839533533542941930.

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碩士<br>國立高雄應用科技大學<br>金融資訊研究所<br>97<br>Credit Risk has been the great concern in the financial market. In this thesis we first use the discriminate analysis based on accounting data,the model chooses five financial ratios that cover the corporate operation and financial situation. They are earnings per share, operating cash flow to total debt, equity substantial growth rate,and average days to accounts receivable（totally five variables）. The second, we try to combine this financial accounting analysis that we so called Local Z-Score Model and Merton model into a Hybrid model of credit risk measu
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Peng, Chih-Yu, and 彭至宇. "A Investigation of Corporate Risk-taking in Financial Distress." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/s542pj.

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碩士<br>銘傳大學<br>會計學系碩士班<br>95<br>This study was an empirical investigation of the relationship between corporate risk-taking and ownership structure using two size and industry matched samples of financially distressed firms and financially healthy firms. Data were gathered from Taiwan’s listed firms during 2005 Interest coverage ratio was used to discriminate between financially distressed firms and financially healthy firms. Furthermore, this study applies liner regression analyze the data. Results were as follows(1): In financially distressed firms, the insider ownership were found to be stat
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Lou, Yung-I., and 樓雍儀. "The Risk Factors of Fraudulent Financial Statements and their Subsequent Impacts on Financial Distress." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/46128377024538584482.

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博士<br>國立成功大學<br>會計學系碩博士班<br>97<br>This research examines risk factors of the fraud triangle, core of all fraud auditing standards, for assessing likelihood of fraudulent financial reporting. And this study applies discrete-time survival analysis (DTSA) to examine the influence of fraudulent statements disclosure on the probability of financial distress not only in the initial period subsequent to disclosure, but future periods as well. Significant variables, including analyst’s forecast error, debt ratio, directors’ and supervisors’ stock pledged ratio, percentage of sales related party tr
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Chang, Chun-Wei, and 張浚洧. "Association of Corporate Social Responsibility Award and Corporate Financial Distress Risk." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/a86uj6.

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碩士<br>亞洲大學<br>財務金融學系<br>107<br>The objective of this thesis is to investigate the relationship between the performance of corporate social responsibility (CSR) measured by the score (and its sub-indices including corporate governance, enterprise promise, social participation and environmental sustainability) of CSR awarded companies and the firms’ distress risk. Although firms devote to CSR activities could enhance their reputation and images, it remains a puzzle whether CSR investment is helpful to firms’ financial sustainability. Firms increase CSR investment could build more trust from thei
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Zou, Pei-jyun, and 鄒佩君. "Financial Distress Risk and Stock Returns: Evidence from the Taiwan Stock Market." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/97138349319855293683.

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碩士<br>國立中山大學<br>財務管理學系研究所<br>98<br>This research mainly tries to confirm the relationship between distress risk and stock returns in the Taiwan market. According to three factor theory raised by Fama-French (1992), the higher book-to-market ratio brings higher stock returns because of the higher distress risk, and also mentioned about the three significant factors in explaining expected stock return: risk, firm size, and book-to-market ratio (here replace it with price-to-book ratio). There are many studies had proved that high risk accompanies high expected stock return, but some other obtain
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31

Ma, Li-Yu, and 馬儷砡. "A Financial Distress Prediction Approach to Assessing the Risk of Management Fraud." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/02346987476228373362.

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32

Tsai, Kun-hung, and 蔡坤宏. "A study of Capital Asset Pricing Model-Three Factors Model、Financial Distress Risk." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/63743122855658399939.

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碩士<br>國立雲林科技大學<br>財務金融系碩士班<br>95<br>Stock is the most popular instrument for investors. In order to explain stock returns, there are many scholars issue their studies about stock returns. 　　The object of this study is to explain the relationship between Taiwan stock monthly returns and the explanation power of factors model from 1991 to 2005. We use Three Factors Model and Four Factors Model ( three factors plus financial distress risk ) individually in the framework. 　　In this paper, we find that factors model have excellent ability to explain Taiwan stock monthly returns. In addition, Four F
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Chai, Ke-hsin, and 柴可欣. "AN APPLICATION OF THE VALUE AT RISK (VaR) TO COMPANY'S FINANCIAL DISTRESS PREDICTION." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/28402781972706647953.

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碩士<br>南華大學<br>財務管理研究所<br>94<br>A company''s operational performance usually affects the loan decision-making of it''s funding bank and the anticipation of investors. Because the information''s asymmetry causes the exterior persons unable to survey the actual situation of a business,therefore,for assisting them to get familiar with the companies''management,and the profit of the investment, a precautionary early finance-warning model with the ability to forecast must to be established. Among those past studies on companyies'' financial distress prediction models,the input parameters considered
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Castenholz, Anna Maria. "The effect of positive CSR engagement on firm’s financial distress risk in Europe." Master's thesis, 2021. http://hdl.handle.net/10400.14/35341.

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This study examines the influence of Corporate Social Responsibility on the financial distress risk of a company. The Environmental, Social and Governance (ESG) factors are employed as a proxy for CSR, while three different measures are applied to assess financial distress levels, namely Altman‘s Z-Score, Ohlson’s O-Score and Shumway’s Hazard Model. After analyzing a European dataset of 1097 publicly listed firms covering the period from 2002-2018, the results suggest that positive CSR engagement reduces the likelihood of falling into costly financial distress, whilst the findings are even mor
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Chen, Yu-Dan, and 陳禹丹. "The Effect of Default Risk on Equity Liquidity When Expected Financial Distress Costs are High." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/59234783562037825954.

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碩士<br>國立交通大學<br>財務金融研究所<br>93<br>This dissertation is to demonstrate the relation between default risk and equity liquidity. Market makers will widen spreads if the trading proportion of informed traders increases and uninformed traders exit market as firm’s financial performance deteriorates. Increased default probability usually concealed by managers will enlarge asymmetric information costs and thus market makers offer greater bid-ask spreads to protect their profit. Default risk measured by Merton’s option pricing model to investigate whether firms with financial distress possess higher bi
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Shu, Hung-Chieh, and 許弘杰. "The Use of Asset Pricing Models and The Forecast of Investment Risk on Financial Distress Firms." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/94841097974766390926.

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37

Chen, Bo-Lin, and 陳柏霖. "Prediction of Corporate Financial Distress and Credit Risk Index Using Topic Model and Deep Neural Network." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/2ke558.

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碩士<br>國立臺灣科技大學<br>資訊管理系<br>107<br>Due to the global economic downturn, many companies have faced financial distress, leading to the crisis of bankruptcy. Some of the distress companies will lend to banks in order to maintain sufficient cash flow. However, if they have insufficient solvency, they may still face bankruptcy, which will make it impossible for the company to repay the bank. To avoid this situation, this paper aims at predicting companies’ financial distress on several critical financial variables and a self-defined feature: risk score, a sentiment feature that uses Latent Dirichlet
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Mike, Fu, and 傅德麟. "Using Hybrids of Merton and traditional credit risk model to predict financial distress of Taiwan listed companies." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/15011882746456987383.

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碩士<br>國立高雄應用科技大學<br>金融資訊研究所<br>96<br>In this paper we combine traditional default forecasting model based on financial accounting analysis and Merton model into a Hybrid model of credit risk measurement. This paper investigates whether the Hybrid model can boost predictability of traditional default forecasting model. At first we explore the predictability of traditional default forecasting model based on financial accounting information. Then, we refer to the previous research paper to consider some variables about corporate governance in the traditional forecasting model. Finally, plugging M
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Lo, Ching-Wen, and 羅靜雯. "Early Warning System for Corporate Financial Distress: A Comparison of the Cash-Flow-at-Risk and Merton Models." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/12371599424080127428.

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碩士<br>東吳大學<br>國際經營與貿易學系<br>99<br>During the period of the financial crisis, many companies faced an uncertain cash flow. This hardship is the reason why they could not pay their debt on time and thus raising their possibility of default. Therefore, the purpose of our study is to discuss the relationship between cash flow risk and corporate financial distress. Our sample consists of all the publically listed non-financial companies extracted from Taiwan Stock Exchange (TWSE). We use Cash-Flow-at-Risk (CFaR) model to estimate company’s cash flow risk and also use Merton’s (1974) model to calcula
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Santos, Paulo Levi Norberto dos. "Corporate fraud and litigation risk in financial distress : an empirical study on SEC’s enforcements against public traded companies after the Financial Crisis of 2007-08." Master's thesis, 2018. http://hdl.handle.net/10400.14/26331.

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The financial crisis of 2007-08 puts in question the capability of market regulators to act on behalf of investors to guarantee that the information available is accurate and reliable. In this study, we research 45 firms that have been enforced by the SEC between 2010-2013 for alleged corporate misconduct. We find that fraud firms experience non-significant negative abnormal returns prior to SEC’s announcement, however after the event day, the abnormal returns are positive. We also find significant increases in the mean residuals bid-ask spreads, meaning that after the event, fraud firms becam
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Tóthová, Simona. "Impacts of European Bailout Programs on SMEs Distress rate." Master's thesis, 2015. http://www.nusl.cz/ntk/nusl-347235.

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Master Thesis - Simona Tothova Abstract This thesis empirically investigates impact of countries' bailouts on probability of SME segment distress. The impact is examined by multi-period logit model where dependent variable is distress rate and explanatory variables includes self-constructed bailout variable, several binary predictors and firm-specific and macroeconomic control variables. The hypotheses are tested on dataset for period from 2005 to 2013 including observations from seven European countries which received financial assistance program (bailout) from Troika. Every bailout from Troi
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CHEN, SHU-YUAN, and 陳淑媛. "The Application on Bank Credit Decisions Using Credit Risk Rating and Financial Distress Prediction Model Under the New Basel Capital Accord." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/34689338806942898329.

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碩士<br>德明財經科技大學<br>資訊科技與管理研究所<br>100<br>The global financial tsunami in late 2008, the Zhaohuo and triggered a series of knock-on effect of financial derivatives in the foreseeable future will show negative growth, the bank will return to the simple financial products, such as: mortgage, car loan, credit. According to the statistics of the Bank for International Settlements, the business risks faced by banks to the highest proportion of credit risk, approximately about 60% of the pros and cons of credit risk management for banks affect greatly. In this study, to follow the norms of the interna
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Chen, Yu-Ching, and 陳郁菁. "A Study on Risk, Return and Duration of the Listed Companies ofChina：An Application of Financial Distress PredictionModel and Markov Absorbing Chain." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/77071389495376831055.

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碩士<br>國立高雄第一科技大學<br>風險管理與保險所<br>94<br>Abstract At first, this paper uses logit regression to construct a financial distress prediction model in the stock market of China. The research samples are the companies of the A-share in the stock market of Shanghai and Shenzhen at 2003. The empirical result finding that there are five explanatory variables significantly, and uses special treatment companies of 2004 and 2005 to test predictable ability of model. By the model, the correct classified rates of 2004 and 2005 are 84.38% and 96.29% respectively. The secondly, using the distress probability of
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Lai, Chi-Rou, and 賴季柔. "The Prediction of Risky Enterprise Distress — The Comparison of Cash Management Model, Financial Ratio Model, Cash Flow Model, And Mixed Mode." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/91474072838356204036.

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碩士<br>輔仁大學<br>管理學研究所<br>88<br>Thesis topic︰ The Prediction of Risky Enterprise Distress — pages ︰73 The Comparison of Cash Management Model, Financial Ratio Model, Cash Flow Model, And Mixed Model University (college)︰Management Graduate School of Fu-Jen University Graduate time︰88 academic year, second semester, Master academic degrees abstract Graduate student︰Chi-Rou Lai Advice professor︰Dr. Kuei-Yen Wu Abstract︰
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Κωνσταντάρας, Κωνσταντίνος. "Χρήση μεθόδων πολυπαραγοντικής ανάλυσης (multifactor) για τον καθορισμό του ρίσκου του επενδυτικού σε δάνεια χαρτοφυλακίου των ελληνικών τραπεζών". Thesis, 2009. http://nemertes.lis.upatras.gr/jspui/handle/10889/1768.

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Η έρευνά μας συμβάλει στην αντιμετώπιση του πιστοληπτικού κινδύνου της εισηγμένης σε ενιαία μορφή, συνυπολογιζομένης της μη-γραμμικής υποτιθέμενης σχέσης μεταξύ κινδύνου και χρηματιστηριακής αξίας της μετοχής, μιας και η ενδεχόμενη θέση της σε Επιτήρηση/Αναστολή αυξάνει δραματικά τις πιστοληπτικές επιπτώσεις στους πιστωτές, ιδιαίτερα σε όσους κατέχουν μετοχικό ενέχυρο, δημιουργώντας μια μη-γραμμική σχέση μεταξύ αξίας δανείων και αξίας μετοχής. Συνέπεια λοιπόν των επιταγών της Βασιλείας ΙΙ είναι και η κατηγοριοποίηση που διενεργούμε εμείς στο δείγμα των επιχειρήσεων που έχουν εισηγμένη μετοχή σ
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Lee, Chieh-Sun, and 李潔蓀. "A Study on the Relationships among Business Management Potency, Debt-Paying Ability and Operating Risk by Viewpoints of the Financial Analysis： A case of Main publicly-listed Distress Firms in Taiwan." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/18427361787239536661.

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碩士<br>清雲科技大學<br>國際企業管理研究所<br>98<br>The research is to analyze the interrelationships between business performance and operational risk through its debt-paying ability. Due to the financial data may not easily and directly be employed to investigate the interrelationships among business management potency, liquidity and operating risk, this study tries to detect their interactions by the relative theories and literatures .Hopefully, the theoretically analytical results would provide useful information for empirical study in the future. This study uses main publicly-listed distress companies dur
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Shu-Ping, Shih, and 施淑萍. "Financial distress predictive model and the financial characteristic of financial distress companies." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/00408871848432497327.

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碩士<br>東吳大學<br>會計學系<br>88<br>In order to found financial distress predictive model for banks and financial companies, the study establishes a predictive model of financial distress by expanding the samples and the definition of financial distress of previous studies. The sample separates them into two parts. One establishes financial distress predictive model for stocks companies listed in Taiwan Stock Exchange Corporation. The other is for banking institutions financing over thirty million dollars for public-trade segments. However, judging from the definition of financial distress, the meanin
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Chen, Chin-Tsun, and 陳進村. "Analysis of Financial Distress." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/33122709897442072312.

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碩士<br>國立中興大學<br>高階經理人碩士在職專班<br>94<br>This study employs Ohlson’s (1980) logit model to detect the probabilities of financial distress of Taiwanese public companies. In addition to financial variables traditionally used in the literature, corporate governance factors are incorporated into the logit model. Also I separate the sample of distressed companies into two groups: insufficient cash flows and human manipulations. The results show that adding corporate governance factors can increase the explanatory power of financial distress. It implies that distressed companies do have serious agen
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Wen, Tsou Hui, and 鄒惠雯. "Financial Distress Prediction Model." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/13836405838104904375.

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碩士<br>健行科技大學<br>國際企業管理研究所<br>101<br>In this study, logical construct financial distress logistic regression model for the study period from 2007 to 2011, the Hong Kong enterprises as the research object, assess Hong Kong&apos;&apos;s corporate financial variables on the early warning model predictive ability; empirical results show that the financial ratio variables debt and total asset turnover ratio greater impact on the enterprise; insufficient if the company&apos;&apos;s profitability, debt ratio is higher, but will cause cash flow problems of the situation, the enterprise is the higher th
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chi-hau, Teng, and 鄧志豪. "using divided samples to detect financial-distress company--new financial distress forcasting model." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/49893131152954942484.

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碩士<br>國立政治大學<br>金融學系<br>88<br>This paper choose 30 financial - distress companies in Taiwan stock market during Asian financial crisis and divide them into four samples－（1）bad performance in main business（2）too much investment（3）buying stocks by co-company（4）cheat by hierarchy. We compare the financial - distress forecasting model''s distinction ability , using correct rate, between divided and undivided samples. The result is that financial - distress forecasting model from divided samples have better performance in correct rate. So using divided samples to build financial-distress forecastin
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