This study develops a model predicting financial distress amongst manufacturing companies in India using logistic regression. 18 ratios of 574 from 34 industries sector were examined for the period 2005 – 2019 to develop and validate model. The can be considered as one very few which has indicators India. EBIT margin, Interest coverage, quick ratio, Cash flow operations Sales, Debtors Turnover,...

Context: Gradually-typed languages allow typed and untyped code to interoperate, but typically come with significant drawbacks. In some languages, the types are unreliable; in others, communication across type boundaries can be extremely expensive; still others only limited forms of interoperability. The research community is actively seeking a sound, fast, expressive approach gradual typing. I...

This paper analyzes the impacts of financial liberalization and foreign bank entry on competitiveness and soundness of domestic banking system as well as credit growth in association with financial sector development, focusing on MENA region’s comparative benchmarking performances with those of middle -income countries. We find that financial sector development is positively related to foreign ...

The global financial crisis of 2007-2009 exposed critical weaknesses in the financial system. Many proposals for financial reform address the need for systemic regulation--that is, regulation focused on the soundness of the whole financial system and not just that of individual institutions. In this paper, we study one particular problem faced by a systemic regulator: the tension between the di...

The aim of this paper is to present a framework to bank valuation based on two generally acceptable valuation models that are not specific to banks: the model of discounted Equity Cash Flow to Equity (ECF) and the model of discounted Residual Income (RI). As emphasized by Koller, Goedhart and Wessels (pp. 663, 2005) [1] in a bestselling book on the valuation of firms, the valuation process of a...

In this paper we examine and compare the problem of safety and soundness regulation in two industries that have dominated the headlines in recent years—nuclear power and financial services. In both industries, a major purpose of regulation and supervision is the prevention of excessive risk taking which can result in extraordinary harm to society. While clearly important industries in their own...

In this paper, we introduce the methodology and techniques of metaargumentation to model argumentation. The methodology of meta-argumentation instantiates Dung’s abstract argumentation theory with an extended argumentation theory, and is thus based on a combination of the methodology of instantiating abstract arguments, and the methodology of extending Dung’s basic argumentation frameworks with...