Industry specific financial distress modeling
نویسندگان
چکیده
منابع مشابه
Conglomerates and Industry Distress
Focusing on economic distress episodes in an industry, we estimate the effect of conglomeration on resource allocation. Distressed segments have higher sales growth, higher cash flow, and higher expenditure on research and development than single-segment firms. This is especially true for segments with high past performance, for unrated firms, and in competitive industries. Single-segment firms...
متن کاملPredicting Financial Distress in Tehran Stock Exchange
Companies incur significant costs from the financial distress. Predicting financial distress will have an important role in preventing bankruptcy. The aim of the present study is to predict the financial distress costs using the Leland and Toft models, during 1996 and 1998. This study examines data relating to 49 companies listed in the Tehran stock exchange collected over ten years from 2005 t...
متن کاملDynamic Prediction Model for Financial Distress in Construction Industry Using Data Mining
The early awareness of a potential financial distress is crucial to firm’s managers for understanding their clients, suppliers and their own firms, and crucial to fund suppliers for assessing the construction firm’s credit worthiness. The purpose of this paper is to develop a dynamic prediction model for financial distress in construction industry using Data Mining. This research expects to pro...
متن کاملCorporate Financial Distress and Bankruptcy Prediction in the North American Construction Industry
This paper seeks to explore the application of Altman’s bankruptcy prediction model in the construction industry by measuring its percentage accuracy on a dataset consisting of 108 bankrupt and non-bankrupt firms selected across the timeline of 1985-2013. The main goal of this paper is to explore the predictive power of an expanded variable set tailored to the construction industry compared to ...
متن کاملThe privatization of bankruptcy: evidence from financial distress in the shipping industry
Current bankruptcy legislation in many countries tends to follow the US model of Chapter 11, whereby the courts have the authority to stay the contractual rights of the secured creditors. The alternative approach of freedom of contracting whereby the privately negotiated debt contract defines a contingency that the courts strictly implement in the event of financial distress, is largely ignored...
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: BRQ Business Research Quarterly
سال: 2017
ISSN: 2340-9436
DOI: 10.1016/j.brq.2016.03.003