Multivariate Discriminant Analysis (MDA) has long been used to classify failing and non-failing firms with high accuracy rates, although a number of methodological flaws are well known. The alternative approach based on Conditional Probability Analysis (CPA) models have been applied to forecast mergers and acquisitions and extended to the prediction of corporate failure. This is used her to dis...

We examine the effect of credit default swaps (CDSs) on the restructuring of distressed firms. Theoretically, we show that if bondholders are insured with CDSs, the participation rate in a restructuring decreases. Using a sample of distressed exchange offers, we estimate that the participation rate is 29% lower if the firm has CDSs traded on its debt, compared to an unconditional mean of 54%. W...

Intrauterine Growth Restriction (IUGR) that is the poor growth of the fetus during pregnancy is a medical problem striking the women and subjecting its fetus to severe problems which could lead to its death. IUGR that may be due to respiratory, neurological and cardiovascular causes is still challenging [1]. Complexity analysis of fetal heart rate (FHR) recordings are constantly developed to di...

The effectiveness of surgery to correct prominent ears in relieving the psychosocial distress of children has been analysed in this prospective study. 30 children and their families were assessed preoperatively and again 12 months postoperatively. It was found that whilst prominent ear correction improved the well-being of 90% of the children, there was a small group of acutely distressed child...

The presence of information asymmetry increases the probability that a potential predator will provide liquidity rather than engaging in predatory trading during liquidation by a distressed trader. More information asymmetry is associated with lower expected losses from liquidation for the distressed trader in illiquid markets. There is a negative correlation between the degree of information a...