نتایج جستجو برای: bankruptcy costs

تعداد نتایج: 180142  

2004
Makoto Nakajima

In this paper we extend the work of Chatterjee, Corbae, Nakajima and Rı́os-Rull (unpublished manuscript, University of Pennsylvania, 2002) to include aggregate real shocks to economic activity. The model, which includes agents that borrow and lend and a competitive credit industry, and which has endogenous default and credit limits, allows us to explore the extent to which aggregate events are a...

1999
Oliver Hart

In the last fifteen years or so, lawyers working in law and economics and economists with an interest in legal matters have turned their attention to the topic of bankruptcy. A large amount of work has resulted, both theoretical and empirical, some of which has been concerned with the functioning of existing bankruptcy procedures and some with bankruptcy reform. Although researchers in this are...

2006
Domenico Delli Gatti Mauro Gallegati Bruce Greenwald Alberto Russo Joseph E. Stiglitz

We model a network economy with three sectors: downstream firms, upstream firms, and banks. Agents are linked by productive and credit relationships so that the behavior of one agent influences the behavior of the others through network connections. Credit interlinkages among agents are a source of bankruptcy diffusion: in fact, failure of fulfilling debt commitments would lead to bankruptcy ch...

Journal: :The American University law review 2001
M B Jacoby

Introduction ........................................................................................230 I. Bankruptcy Filings of the Ill and Injured ................................233 A. Medical-Related Bankruptcy Generally ............................233 B. Medical-Related Chapter 13 Filings; The New Data ........237 II. A Traditional Analysis of the Medical-Related Chapter 13 Findings ........

E. Mirzaie N. Malekmohammadi

Bankruptcy in the same amount of time and history is very rampant and therefore the vision of the future can be prevented. Using data envelopment analysis (DEA) and malmquist index can precise evaluating of the performances of many different kinds of decision making units (DMU) such as hospitals, universities, business firms, etc. In this paper, we will modify directional distance formulation o...

2014
Shaonan Tian Yan Yu Carl H. Lindner Hui Guo

We investigate the relative importance of various bankruptcy predictors commonly used in the existing literature by applying a variable selection technique, the least absolute shrinkage and selection operator (LASSO), to a comprehensive bankruptcy database. Over the 1980 to 2009 period, LASSO admits the majority of Campbell, Hilscher, and Szilagyi’s (2008) predictive variables into the bankrupt...

Journal: :Social Choice and Welfare 2012
Erik Ansink Hans-Peter Weikard

We analyse the redistribution of a resource amongst agents who have claims to the resource and who are ordered linearly. A well known example of this particular situation is the river sharing problem. We exploit the linear order of agents to transform the river sharing problem to a sequence of two-agent river sharing problems. These reduced problems are mathematically equivalent to bankruptcy p...

2009
S. Martin

The literature presents a clear divide between the so called market and accounting based approaches to bankruptcy prediction. With this in mind, this paper employs the discrete time hazard model framework of Shumway (2001) to test the information content of both market and accounting based models using Australian data. We …nd that market based models signi…cantly outperformed accounting based m...

2009
Ethan Cohen-Cole

This paper aims to contribute to the growing literature on the causes of consumer bankruptcy. It presents the consumer bankruptcy decision as an irreversible choice that has an embedded real option value. This allows the use of a well known framework for the study of decision making under uncertainty. The principal empirical finding is that cross-sectional variances of economic factors, such as...

Journal: :CoRR 2011
A. Martin M. Manjula V. Prasanna Venkatesan

Today in every organization financial analysis provides the basis for understanding and evaluating the results of business operations and delivering how well a business is doing. This means that the organizations can control the operational activities primarily related to corporate finance. One way that doing this is by analysis of bankruptcy prediction. This paper develops an ontological model...

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