Essays about: "corporate distress"

Showing result 21 - 25 of 34 essays containing the words corporate distress.

  1. 21. Indirect Bankruptcy Costs: Evidence from Swedish Bankruptcies

    University essay from Göteborgs universitet/Graduate School

    Author : Marcus Johansson Prakt; Oscar Larsson; [2014-08-20]
    Keywords : Indirect bankruptcy costs; Direct bankruptcy costs; Capital structure; Bankruptcy procedures; Financing decision; Empirical corporate finance;

    Abstract : We estimate direct and indirect bankruptcy costs for 23 traded Swedish firms with completed bankruptcy procedures. We estimate direct costs of bankruptcy to on average 0.81-5.48% of enterprise value prior to financial distress and indirect costs of bankruptcy to on average 58-79%. READ MORE

  3. 22. A study in the effectiveness of predicting default using the Merton model during financial distress

    University essay from Göteborgs universitet/Institutionen för nationalekonomi med statistik

    Author : Martin Gholami; Andreas Hjelm; [2014-06-09]
    Keywords : Balance sheet; Bloomberg; Default probability; Excel; Ford Motor Company; Volatility;

    Abstract : Bachelor thesis in financial economics Applied financial pricing theory Department of finance School of Business, Economics and Law Gothenburg University 9 June 2014. Title: A study in the effectiveness of predicting default using the Merton model during financial distress Author: Martin Gholami and Andreas Hjelm Supervisor: Evert Carlsson, Ph. READ MORE

  4. 23. What is a relation between hedging and risk of financial distress?

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Natalia Shleeva; [2014]
    Keywords : Corporate risk management; hedging; speculation; selective hedging; financial distress; oil price shock.; Business and Economics;

    Abstract : .... READ MORE

  5. 24. The Road to Bankruptcy: A study on Predicting Financial Distress in Sweden

    University essay from Umeå universitet/Företagsekonomi

    Author : Nii Lartey Quarcoo; Patrik Smedberg; [2014]
    Keywords : financial distress; bankruptcy; Altman; ratios; cash flows; discriminant analysis; Sweden; retail; service; prediction.;

    Abstract : This thesis aims to study whether cash flow ratios can predict corporate financial distress in Sweden by employing multiple discriminant analysis. It was inspired by the Altman Z-score, which was adjusted for this aim. This study adopted a positivist epistemology and objectivist ontology. READ MORE

  6. 25. A Conditional Analysis of Liquidity on Quality in the U.S. Corporate Bond Universe

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Arwed Ebner; Paul Schempp; [2014]
    Keywords : Liquidity; Corporate Bonds; Markov Regime-Switching Models; Flight-to-Quality; Credit Quality;

    Abstract : Why are high-yield bonds more severely hit by large liquidity dry outs than investment grade bonds? This study investigates the effects of liquidity shocks on returns in the U.S. corporate bond market during times of heightened liquidity stress, using a comprehensive data set of 13,500 bonds between October 2004 and September 2013. READ MORE