Using a sample of 277 firms from eight East Asian economies, the relationship between financial distress and firm performance during the Asian Financial Crisis of 1997-1998 was tested. The crisis provides an exogenous shock which reduces the endogeneity issues between firm performance and leverage. The results from this study reaffirm that firms with low financial leverage tend to perform bette...

As the era of knowledge economy is prevalent in U.S. during 1992, knowledge economy plays an important role around the world. The value and competition of the traditional companies accounted on tangible assets. However, in the era of knowledge economy, the value and continuing operation of the companies accounted on intangible assets. It is not sufficient in estimating the value of a company on...

 Whether or not Americans have a retirement savings plan is a key factor in their outlook about having an affordable retirement. The 2015 RCS by EBRI/Greenwald & Associates finds that the nation’s retirement confidence continues to rebound from the record lows experienced between 2009 and 2013—but this is based on the increasing optimism of those who indicate they and/or their spouse have a re...

A structural econometric investigation of the agency theory of financial structure We estimate a structural model of financing choices in presence of managerial moral hazard, financial distress costs and taxes. In the theoretical model, firms with low cost of managerial effort, and high financial distress costs and non–debt tax shields, find it optimal to issue equity. Correspondingly the likel...

Title of Dissertation: COPING WITH MULTIPLE STRESSORS: A CLOSER LOOK AT PSYCHOLOGICAL DISTRESS AMONG RACIAL MINORITIES Min Ji Yang, Doctor of Philosophy, 2015 Dissertation directed by: Associate Professor Matthew J. Miller, Department of Counseling Psychology This study examined a comprehensive stress and coping model in a sample of 414 racial minority participants in the U.S. Specifically, thi...

Title of Document: Firm Decision Making under Financial Distress: A Study of U.S. Air Fares and an Analysis of Inventories in U.S. Manufacturing Industries Christian Hofer, Ph.D. 2007 Directed By: Professor Martin E. Dresner, Ph.D., Robert H. Smith School of Business Professor Robert J. Windle, Ph.D., Robert H. Smith School of Business This dissertation investigates the effects of firm financia...

Keywords: Definition of financial distress Sampling methods Featuring methods Review Financial distress prediction Corporate failure prediction Case-based reasoning Ensemble Group decision-making Support vector machine Hybrid modeling Neural network Decision tree Logistic regression Multiple discriminant analysis a b s t r a c t As a hot topic, financial distress prediction (FDP), or called as ...

BACKGROUND Financial risk protection and equity are major components of universal health coverage (UHC), which is defined as ensuring access to health services for all citizens without any undue financial burden. We investigated progress towards UHC financial risk indicators and assessed variability of inequalities in financial risk protection indicators by wealth quintile. We further examined ...