In this article we have studied the specific features of liability insolvency administrators for disciplinary offenses. The norms current legislation (in particular, Bankruptcy Proceedings Code Ukraine, Tax Labor Ukraine) regarding determination legal status officers and bringing them to been analysed in article. purpose research was study problematic issues related administrators. During gener...

This conceptual paper focuses on the relationship between insolvency, capital structure, and value creation. The aim is twofold: to define risk-based measures able absorb effects of financial distress avoid corporate default; verify conditions limits use these in policies. based insolvency risk will be defined by recalling concepts Cash Flow-at-Risk Capital-at-Risk. A first check usefulness the...

This study investigates the moderating effect of firm size in the relationship between corporate governance (board size, board independence and ownership concentration) and banks’ risk-taking (insolvency risk and credit risk). Secondary data (annual reports) was collected from a sample of 21 Malaysian commercial banks covering the 2005–2014 accounting period. An empirical model using pooled ord...

This paper describes a spatial-dynamic, stochastic optimization model that ta1ces account of the complexities and dependencies of catastrophic risks. Following a description of the general model, the paper briefly discusses a case study of earthquake risk in the Irkutsk region of Russia. For this purpose the risk management model is customized to explicitly incorporate the geological characteri...

The regulatory framework in Europe does not prevent banks from taking large or controlling equity stakes in non-financial firms, potentially contributing to higher levels of bank risk and financial instability. Using a panel of European commercial banks for the period 2004-2008, we find that higher levels of equity positions in industrial firms and higher proportions of industrial firms where t...

Starting from an empirical analysis of the network structure of the Austrian inter-bank market, we study the flow of funds through the banking network following exogenous shocks to the system. These shocks are implemented by stochastic changes in variables like interest rates, exchange rates, etc. We demonstrate that the system is relatively stable in the sence that defaults of individual banks...