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Showing result 21 - 22 of 22 essays matching the above criteria.

1. 21. The Distress Risk Puzzle in Turbulent Times - Default risk during the financial crises

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Sanna Batz; Anders Nordström; [2011]
   Keywords : Distress risk puzzle; bankruptcy risk; systematic risk; asset pricing; Altman Z-score;

   Abstract : Studies on whether risk of default is systematic or not have led to the discovery of the distress risk puzzle. It is a rather new anomaly and its implications are that empirical evidence seems to indicate that higher default risk results in lower returns. READ MORE

3. 22. Financial Rations as Bankruptcy Indicators: The case of Financially Distressed Firms in Sweden

   University essay from Göteborgs universitet/Graduate School

   Author : Gilbert Mbanwie; Ngam Edmond N.; [2009-08-21T13:52:16Z]
   Keywords : Financial Ratios; Bankruptcy Indicators; Financial Distress; Swedish Firms.;

   Abstract : Financial distress and corporate bankruptcy has been a common occurrence back into the century and of late has witnessed a multiplier effect in the global market; firms are running short of cash flows to meet up not only with their debt financing, but also with the cost of daily operations. This study examine some financial ratios using financial reports of groups of Swedish bankrupt and active companies for the period 1996 to 2003 with the aim to determine most significant and reliable ratios for predicting bankruptcy. READ MORE