Essays about: "corporate distress"

Showing result 16 - 20 of 34 essays containing the words corporate distress.

  1. 16. Reverse Robin Hood. A Swedish Assessment of the Distress Puzzle

    University essay from Göteborgs universitet/Graduate School

    Author : Caroline Robertsson; Emil Jangvik; [2017-07-25]
    Keywords : Financial distress; Z-score; O-score; Portfolio analysis; Distress Puzzle; Asset pricing; Corporate Finance; Distress Risk; Logit analysis;

    Abstract : This research adopts some of the most well-known models to predict financial distress to be able to investigate whether firms with higher probability to default and thereby incorporating more risk do provide investors with a higher return in the Swedish market. We create portfolios sorted on the predicted probability of the financial distress and subsequently perform a portfolio analysis to investigate the risk return relationship. READ MORE

  3. 17. Maturity, Speculation and Corporate Hedging: An Empirical Study in Oil and Gas Firms from 2000-2008

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Xinyun Lin; Xitong Cong; [2017]
    Keywords : Maturity; Hedging; Speculation; Hedging determinants; Derivative usage; Business and Economics;

    Abstract : In this paper, we develop a new but also under-researched measure for firms’ hedging practice: maturity. Comparison between the outputs of two sets of Tobit model using hedge ratio and maturity respectively shows that the costs of financial distress hypothesis and the financing costs hypothesis are partially supported by both hedge ratio and maturity. READ MORE

  4. 18. Maturity, Speculation and Corporate Hedging - An Empirical Study in Oil and Gas Firms from 2000-2008

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Xinyun Lin; Xitong Cong; [2017]
    Keywords : Business and Economics;

    Abstract : In this paper, we develop a new but also under-researched measure for firms’ hedging practice: maturity. Comparison between the outputs of two sets of Tobit model using hedge ratio and maturity respectively shows that the costs of financial distress hypothesis and the financing costs hypothesis are partially supported by both hedge ratio and maturity. READ MORE

  5. 19. Credit tightening and financial debt sustainability: a panel approach to Italian firm-level data

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Chiara Billi; [2016]
    Keywords : panel data; corporate distress; bank lending; credit rationing;

    Abstract : The aim of this paper is to examine how the macroeconomic shock caused by the sovereign debt crisis of 2012, through its impact on credit markets, was transmitted to the debt sustainability of Italian manufacturing firms. Using original panel data on 12,103 firms and adopting a fixed effects strategy I test the existence and the impact of the bank lending and balance sheet transmission channels on corporate debt sustainability. READ MORE

  6. 20. Predicting Successful Corporate Reorganizations Using Financial Measures

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Adam Janson; Karl Johannisson; Sebastian Krämbring; [2016]
    Keywords : Corporate Reorganization; Corporate Reconstruction; Bankruptcy; Ohlson’s O-score; Financial Modeling; Financial Distress; Business and Economics;

    Abstract : .... READ MORE