Cost of Financial Distress and Firm Performance
نویسندگان
چکیده
منابع مشابه
Financial distress and firm performance: Evidence from the Asian financial crisis
Using a sample of 277 firms from eight East Asian economies, the relationship between financial distress and firm performance during the Asian Financial Crisis of 1997-1998 was tested. The crisis provides an exogenous shock which reduces the endogeneity issues between firm performance and leverage. The results from this study reaffirm that firms with low financial leverage tend to perform bette...
متن کاملModeling firm heterogeneity in corporate social performance and financial performance
Article history: Received 1 August 2015 Received in revised form 1 December 2015 Accepted 1 February 2016 Available online 17 March 2016 Prior research on the association between corporate social performance (CSP) and corporate financial performance (CFP) includes conflicting perspectives and inconclusive findings as to whether or not CSP has a positive, negative, or neutral associationwith CFP...
متن کاملThe Effects of Information System Integration on Financial Performance Mediated by Cost Performance and Quality Performance: An SEM-based Analysis
This study investigated the effects of information system (IS) integration on financial performance in Tehran Stock Exchange with an emphasis on the mediating role of cost performance and quality performance. This survey was carried out in 2018 by distributing 300 questionnaires among all CEOs, financial administrative vice-presidents, accounting managers, and accountants of manufacturing compa...
متن کاملPredicting Financial Distress and the Performance of Distressed Stocks
In this paper we consider the measurement and pricing of distress risk. We present a model of corporate failure in which accounting and market-based measures forecast the likelihood of future nancial distress. Our best model is more accurate than leading alternative measures of corporate failure risk. We then use our measure of nancial distress to examine the performance of distressed stocks ...
متن کاملFinancial Misrepresentation, Executive Compensation, and Firm Performance: an Empirical Study
Financial misrepresentation has serious, detrimental economic and social impacts. We present hypotheses regarding the factors that incline a firm to misrepresent its finances. Using a matched sample design, we find that three factors increase a firm’s probability of misrepresenting its financial position: performance below its industry’s average performance, performance significantly above its ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Indonesian Capital Market Review
سال: 2019
ISSN: 2356-3818,1979-8997
DOI: 10.21002/icmr.v10i2.10831