Essays about: "Bankruptcy"

Showing result 1 - 5 of 107 essays containing the word Bankruptcy.

  1. 1. Life After Bankruptcy - An explorative study on how past bankruptcy experience of directors and CEOs affects a firm's risk-taking, performance and chance of survival

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

    Author : Casper Nilson Wrede; Andrea Sgambaro; [2018]
    Keywords : Bankruptcy; Director experience; CEO experience; Risk-Taking; Behavioral Biases;

    Abstract : This paper examines the effects of directors' and CEOs' past bankruptcy experiences on firms' outcomes. We argue that for individuals who have been involved in a corporate bankruptcy, the experience could either bring about a learning effect ("Hot-Stove mechanism"), or confirm their pre-existing behavioural biases ("Innate Risk-Taking mechanism). READ MORE

  2. 2. The Implications of Financial Network Architecture on the Stability of a Banking System

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Michal Tulwin; [2018]
    Keywords : Banking Crisis; Financial Market; Insolvency; Network Formation;

    Abstract : The structure of interbank connections affects financial system's resilience to shocks. This thesis determines the implications of network's architecture on stability of a banking system. READ MORE

  3. 3. Strategic venture investments for innovation: an international study of external and internal drivers of corporate venture capital

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Johan Persson Sjödin; [2018]
    Keywords : Corporate venture capital; Corporate entrepreneurship; External R D;

    Abstract : This paper takes the perspective of corporate venture capital (CVC) as a form of external R&D for established firms. The focus of the study is on the external and internal factors that affect the number of CVC investments made. READ MORE

  4. 4. Decision Makers Making Bankruptcy Decisions - An empirical analysis on how CEOs and directors with past bankruptcy experience affect the likelihood of future bankruptcy in Swedish private firms

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

    Author : Shuyi Wang; Xuan Chen; [2018]
    Keywords : Bankruptcy Prediction; Managerial Overconfidence; Reputation Cost; Corporate Governance;

    Abstract : We investigate the impact of CEOs' and directors' past professional bankruptcy experience on future corporate performance in the context of Swedish private sector. The bankruptcy prediction models (Altman, 1968; Ohlson, 1980) and the upper echelons theory (Hambrick & Mason, 1984) underpin this research. READ MORE

  5. 5. Bankruptcy Prediction of Swedish SMEs and the importance of CEO characteristics

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Izabella Källholm; Fredrika Svanholm; [2018]
    Keywords : Altman and Sabato; Bankruptcy Prediction; Financial Distress; SME; CEO characteristics;

    Abstract : This thesis investigates whether an accounting-based bankruptcy prediction model based on the logit analysis developed by Altman and Sabato (2007) can be enhanced by incorporating CEO specific variables. The study concentrates on Swedish non-listed SMEs by reason that the SME sector is an important engine to the growth of the Swedish economy. READ MORE