One of the most important risks faced by a bank is that of loan default by its borrowers. Existing literature has documented the negative announcement-period returns for lending banks when a big sovereign borrower announces a moratorium on its bank loans. In contrast, little research has been undertaken that analyzes bank shareholder wealth effects when a major corporate borrower declares defau...

This paper constructs retail financial distress prediction models based on five key variables previously shown to have good classification properties (Hu and Ansell, 2005). Five credit scoring techniques—Naïve Bayes, Logistic Regression, Recursive Partitioning, Artificial Neural Network, and Sequential Minimal Optimization (SMO) were considered. A sample of 491 healthy firms and 68 distressed r...

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...

This paper proposes a theoretical framework for predicting financial distress based on Hunt’s (2000) ‘Resource-Advantage (R-A) Theory of Competition’. The study focuses on the US retail market. Five credit scoring methodologies –Naïve Bayes, Logistic Regression, Recursive Partition, Artificial Neural Network, and Sequential Minimal Optimization— are used on a sample of 195 healthy companies and...

OBJECTIVE There are limited data on the effects of financial distress (FD) on overall suffering and quality of life (QOL) of patients with advanced cancer (AdCa). In this cross-sectional study, we examined the frequency of FD and its correlates in AdCa. PATIENTS AND METHODS We interviewed 149 patients, 77 at a comprehensive cancer center (CCC) and 72 at a general public hospital (GPH). AdCa c...

This study aims to determine Countercyclical, COVID-19, and Financial Distress of Rural Bank Setting the Agenda for Post Covid-19's Stimulus. The research design used in this is an associative design. uses two approaches, namely qualitative quantitative approaches. study, addition examining effect independent variables (ROA, CAR, NPL) on dependent variable (Financial Distress) which moderated b...

This study aims to see the effect of GCG, CSR and Tax Aggressiveness on Financial Distress with Leverage as Moderation in Islamic Banking Companies Indonesia listed IDX from 2015-2019. The sampling technique used this research is purposive for data analysis using multiple linear techniques. reveals that GCG has no significant Distress, a positive tax aggressiveness financial distress