Employee Costs of Corporate Bankruptcy

Key Employee Retention Plans in Bankruptcy

When companies pay bonuses to employees of bankrupt companies to stay with the firm, popular press often describes this as greedy managers expropriating the last bit of wealth from shareholders. In addition, research has found that, on average, retaining pre-bankruptcy management has negative consequences. Nevertheless, the incidence of these retention plans has been growing. In this paper, we ...

An Evolutionary Theory of Corporate Law and Corporate Bankruptcy

Follow this and additional works at: http://scholarship.law.upenn.edu/faculty_scholarship Part of the Banking and Finance Commons, Bankruptcy Law Commons, Business Administration, Management, and Operations Commons, Comparative and Foreign Law Commons, Corporate Finance Commons, Corporation and Enterprise Law Commons, Finance Commons, Industrial Organization Commons, Law and Economics Commons, ...

Employee Replacement Costs

Machine Learning for Corporate Bankruptcy Prediction

Aalto University, P.O. Box 11000, FI-00076 Aalto www.aalto.fi Author Qi Yu Name of the doctoral dissertation Machine Learning for Corporate Bankruptcy Prediction Publisher School of Science Unit Information and Computer Science Department Series Aalto University publication series DOCTORAL DISSERTATIONS 90/2013 Field of research Information and Computer Science Manuscript submitted 10 March 201...

Variable selection and corporate bankruptcy forecasts

We investigate the relative importance of various bankruptcy predictors commonly used in the existing literature by applying a variable selection technique, the least absolute shrinkage and selection operator (LASSO), to a comprehensive bankruptcy database. Over the 1980 to 2009 period, LASSO admits the majority of Campbell, Hilscher, and Szilagyi’s (2008) predictive variables into the bankrupt...