the goal of this thesis is to study the corporate governance mechanisms impacts on financial distressed and non financial distressed listed companies of tehran stock exchange. this research population includes 118 companies of tehran stock exchange during 1381 to 1390. in this research, corporate governance mechanisms as independent variables are institutional ownership percent, ownership conce...

In this paper, we examine the effect of intra-industry credit contagion using three different kinds of intra-industry measures in our empirical study. We apply the competitive strategic measure (CSM) of Sundaram et al. (1996) to capture the strategic interaction faced by firms. We also consider the measure of industry-wide financial distress and the measure of equity correlations. We use the fo...

________________________________________________________________________ Abstract This study examines the sensitivity of equity values of oil producers to changes in the uncertainty of future oil prices. We document that this sensitivity is negatively correlated with a firm's debt ratio and its production costs. These results indicate that companies that are more likely to experience financial ...

This paper examines the impact of restricting credit to payday borrowers. Using administrative banking data from over fifteen thousand online payday loan users, I exploit a natural experiment surrounding a 2013 U.S. Department of Justice initiative known as Operation Choke Point (OCP), which unexpectedly shut down dozens of online payday lenders. Using a difference in differences framework, I f...

Recently, applying the novel data mining techniques for evaluating enterprise financial distress has received much research alternation. Support Vector Machine (SVM) and back propagation neural (BPN) network has been applied successfully in many areas with excellent generalization results, such as rule extraction, classification and evaluation. In this paper, a model based on SVM with Gaussian ...

I this paper we roughly quantify the degree of risk aversion induced by three rationales for corporate risk management: the cost of financial distress, costly external finance, and the principal-agent relationship between shareholders and management. In so doing, we provide a foundation for the use of corporate utility functions. However, we are unable to fully support the degree of risk aversi...

This theory can explain why bank debt is universally senior, consistent with the presence of conflict (lawyers) and absolute priority violations in financial distress: Better organized banks would more strongly contest priority in financial distress if they were junior. Because “deterrence” can reduce creditors’ total expenses in a priority contest, the ex post stronger lobbyist/litigant should...

The purpose of this study is to explore the influence CEO Reputation on Company Financial Distress. population all non-financial companies that are listed Pakistan stock exchange (PSX). In research, final sample size 285 cover period from 2006 2017. reputation plays important role in predicting financial distress. Based upper echelon theory, CEOs can a company decisions making, value creation a...

The company's going concern ability should be able to compete and survive in business activities avoid financial distress. This study aims determine the effect of intellectual capital performance, company achievement, reputation, profitability, leverage on uses samples from manufacturing companies listed Indonesia Stock Exchange 2015-2019. sample used was 125 observations taken using purposive ...

Financial distress can be interpreted as a decrease in the company’s financial condition before bankrupty. As prediction model, this study aims to determine effect of Liquidity (Curent Ratio) And Activity (Total Assets Turnover) on Distress transportation and logistics sector listed Indonesia Stock Exchange (IDX). The research time period used is 5 years, namely 2017-2021 period. method Panel D...