Essays about: "Altman’s Z- score"

Showing result 1 - 5 of 9 essays containing the words Altman’s Z- score.

1. 1. ESG Performance and Probability of Default

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Julius Bengtsson; Magnus Fredriksson; [2024]
   Keywords : ESG; CSR; Stakeholder Theory; Probability of Default;

   Abstract : This study aims to investigate how firms' ESG performance affects their probability of default for Nordic listed firms. Based on stakeholder theory as well as findings from previous literature, we hypothesise that this relationship is negative as our main hypothesis. READ MORE

3. 2. Predicting corporate financial distress- A deep neural network approach

   University essay from Göteborgs universitet/Graduate School

   Author : Adam Eklund; Petter Lundgren; [2022-06-29]
   Keywords : ;

   Abstract : Background. Predicting bankruptcy is of great importance for creditors, investors and other stakeholders. Early warning signs of financial distress allow stakeholders to take action to minimize the negative consequences of a bankruptcy. READ MORE

4. 3. Credit Rating Downgrades Amongst Commercial Real Estate Companies on the Swedish Corporate Bond Market : To BBB or not to BBB

   University essay from KTH/Fastigheter och byggande

   Author : Björn Uggla; Carl Nielsen; [2021]
   Keywords : Credit Rating Downgrade; Corporate Bonds; Commercial Real Estate; Capital Market Financing; Nedgraderingar av kreditbetyg; företagsobligationer; kapitalmarknadsfinansiering; kommersiella fastigheter;

   Abstract : In the last decade, Swedish commercial real estate companies have increased their presence on thecorporate bond market significantly. The real estate companies now account for the majority ofoutstanding bonds and the trend appears to continue. READ MORE

5. 4. IN SEARCH OF A PARSIMONIOUS BANKRUPTCY MODEL FOR PRIVATE FIRMS AND THE COST TO LENDERS

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : John-Edward Olingsberg; Oscar Küntzel; [2019]
   Keywords : Private Default Prediction; Hazard Model; Basel III; Misclassification Costs; Parsimonious;

   Abstract : This paper comprehensively reviews in excess of 200 financial and non-financial covariates in search of a parsimonious bankruptcy prediction model for the private market. Financial and real-estate companies aside, the entire population of Swedish independent, limited liability companies are examined between 1998-2017 corresponding to 245,844 unique companies and 55,411 corporate default events. READ MORE

6. 5. Turnaround Strategies and Post-Distress Performance: An Empirical Study of Eurozone

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Yiyou Wang; Yun Zhu; [2019]
   Keywords : Distressed Firms; Turnaround Strategies; Post-Distress; Corporate Restructuring; Z -score;

   Abstract : We extend the study of turnaround plans and distressed securities into the eurozone markets and perform an empirical analysis on relationships between turnaround plans and post-distress performance of distressed firms, using 88 distress cases selected based on Altman's Z''-score. We find that in spite of industry growth influence, the financial restructuring is negatively related to the possibilities of the firm's recovery of Z''-score, operating margin and EBITDA, for which financial contract reconstructing and new financing resource are more responsible. READ MORE