We provide an appropriate comprehensive model for assessing the likely contribution of current US government programs to alleviate homeownership financial distress. In a simulation of five available mortgage distress termination options plus continuation and repayment, the HAMP program appears to foster mortgage mitigation, given our parameter value assumptions, primarily through enabling and e...

Financial distress merupakan sebuah kondisi kesulitan keuangan dalam perusahaan yang dapat menjadi indikasi mengalami kebangkrutan. Penelitian ini dilakukan untuk menganalisis bagaimana pengaruh Good Corporate Governance dan Ratios terhadap terjadinya Distress pada sektor perbankan terdaftar di Bursa Efek Indonesia (BEI) periode 2019-2021. menggunakan purposive sampling menentukan sampelnya. Di...

This article investigates to what extent an airline’s financial distress impacts its pricing behavior. While prior research suggests that, on average, distressed airlines sell at lower fares, it is hypothesized that the magnitude of this effect may depend on certain firm and market specific contingencies. A large-scale empirical analysis using panel data from the US airline industry is conducte...

Using both multivariate regressions, simultaneous nonlinear equations and a discrete time hazard model, I find that the level of CSR in a firm is a significant determinant of distress, even after controlling for previously identified drivers of firm distress. The relationship is robust to the endogeneity of CSR investments and free cash flow and suggests that there is informational value in ext...

The purpose of this study was to determine the effect of financial distress on investment behavior for the years of 2011 to 2016. The statistical population of the research is Tehran Stock Exchange. According to the systematic elimination method, 104 companies have been selected as the statistical sample. In this research, financial distress is independent variable and corporate investmen...

In this paper we study how corporate bond defaults can be predicted using financial ratios and how the forecasted probability of default relates to the cross-section of expected stock returns. Using several performance measures we find that the duration model outperforms existing models in correctly classifying both Default and Non-Default firms. Using the default probabilities predicted by our...

Article history: Received 24 November 2011 Received in revised form 9 August 2013 Accepted 13 August 2013 Available online 27 August 2013 I study firmswith past asbestos ties that suffer from significant increases in legal liabilities after a U.S. Supreme Court ruling in 1999. This event provides a natural experiment setting to estimate the indirect effects of financial distress on real activit...

Financial distress is a bankruptcy prediction model that useful as an early warning system to anticipate information on the worst possibilities will occur in future. This study aims determine effect of liquidity, leverage and operating cash flow financial with firm size moderating variable. In predicting distress, it proxied by Altman Z-Score model. The sample determination method using purposi...

Since the collapse or failure of a bank could trigger an adverse financial repercussion and generate negative impacts, it is desirable to have an Early Warning System (EWS) that identifies potential bank failures or high-risk banks through the traits of financial distress. This research is aimed to construct a novel neural fuzzy Cerebellar Model Articulation Controller (FCMAC) as an alternative...