THE IMPACT OF THE RESPONSE MEASURE USED FOR FINANCIAL DISTRESS ON RESULTS...

Academy of Accounting and Financial Studies Journal;  September 1, 2007 ;   Ward, Terry J;   787 words ......of various response variables of financial distress by observing...multi-state response variables for financial distress. Researchers...using different response variables for financial distress. The primary...

Financial distress of companies in Poland.

International Advances in Economic Research;  November 1, 2004 ;   Gruszczynski, Marek;   787 words ......study examines main determinants of financial distress of companies in Poland during the...unlisted companies in Poland. Degree of financial distress is expressed either by the binomial...Introduction The degree of financial distress of a company is determined by the...

Predicting corporate financial distress: Reflections on choice-based...

Journal of Economics and Finance;  July 1, 2002 ;   Platt, Harlan D; Platt, Marjorie B;   787 words ...Abstract Financial distress precedes bankruptcy. Most financial distress models actually rely on bankruptcy data, which...early warning system model that anticipates financial distress of supplier firms provides management of purchasing...

Changes in Health, Negative Financial Events, and Financial...

Financial Counseling and Planning;  July 1, 2006 ;   O'Neill, Barbara; Prawitz, Aimee D; Sorhaindo, Benoit; Kim, Jinhee; Garman, E Thomas;   787 words ......the relationship between health and financial distress/financial well-being and differences...s rho indicated those with lower financial distress, higher financial well-being in 2005...financial events, and (c) with lower financial distress and greater financial well-being...

Predicting corporate financial distress: A new neural networks approach

Finance India;  June 1, 2002 ;   Abid, Fathi; Zouari, Anis;   787 words ......This paper examines and models the financial distress prediction using neural network approach...discriminating and predicting the firm financial distress. The best model is based on the information...capability. Introduction A FIRM'S FINANCIAL distress remains one of the most ...

Estimates of financial distress costs revisited: evidence from TSE-listed...

Atlantic Economic Journal;  March 1, 2008 ;   Yen, Gili Yen, Eva C.;   582 words ......have a wide range of estimates for financial distress costs. [Ben Branch (2002), The Cost...pp. 39-57.] When combining direct financial distress costs which primarily include the...employee compensation and indirect financial distress costs which include the deterioration...

The early stages of financial distress

Journal of Economics and Finance;  July 1, 1999 ;   Whitaker, Richard B;   787 words ...Abstract More firms enter financial distress as a result of poor management...value for firms entering financial distress as a result of poor management...In the early stages of financial distress, median firm operating...

Capital structure and financial stress

Credit & Financial Management Review;  April 1, 2000 ;   Joyce, William B;   787 words ......painful. There are costs associated with financial distress even if legal bankruptcy is ultimately...s investment and dividend decisions. Financial Distress Cost Financial distress occurs when promises to creditors are...

Ownership Structure and Financial Distress: Evidence from Public-listed...

International Journal of Management;  September 1, 2006 ;   Deng, Xiaolan; Wang, Zongjun;   787 words ......structure attributes and the risk of financial distress are empirically examined for public-list...owners have incentives to hold back financial distress. Management and board member ownership...positively related with the likelihood of financial distress. It could be that the ...

Identifying financial distress in the insurance industry: a synthesis of...

Journal of Risk and Insurance;  December 1, 1992 ;   BarNiv, Ran McDonald, James B.;   787 words ......insurance companies. In this article, financial distress and insolvency are used interchangeably...models for classifying and predicting financial distress in the insurance industry are presented...ability to classify and identify financial distress is important to regulators, ...

Financial distress in Australian general insurers.

Journal of Risk and Insurance;  June 1, 2007 ;   Sharpe, Ian G. Stadnik, Andrei;   787 words ......insurers experiencing financial distress over the 1999-2001 period...model and two measures of financial distress we are able to predict...financial institutions in financial distress. (3) We address this gap...

Directors' and officers' responsibilities.

Business Credit;  April 1, 2002 ;   Scherrer, Phillip S.;   787 words ......governance and the characteristics of financial distress in corporations. The composition...provides insight about the potential for financial distress in businesses. This insight is independent...directorship affects the probability of financial distress (Hambrick and d'Aveni, 1992, ...

BULGARIA: MUNICIPALITIES IN FINANCIAL DISTRESS TO BE ALLOTTED BGN 10...

US Fed News Service, Including US State News;  April 13, 2006 ;     117 words ......government allots BGN 10 mln to municipalities in financial distress. At today's session the government adopted...procedures for assisting municipalities in financial distress in 2006. The document aims to strengthen...

Multidimensional Longitudinal Data: Estimating a Treatment Effect From...

Journal of the American Statistical Association;  June 1, 2000 ;   GRAY, SARAH M. BROOKMEYER, RON;   787 words ......arise when a number of different response variables are required to measure the outcome...does not depend on the units of the response variables is used to capture the effect of...treatment effect to be combined across response variables of different types. The model is...

Systematic risk behavior of financially distressed firms.

Quarterly Journal of Business and Economics;  June 22, 1993 ;   McEnally, Richard W. Todd, Rebecca B.;   787 words ......increases in leverage associated with financial distress. Analysis shows, however, that changes...systematic risk declines with the onset of financial distress, confirming the results of a number...systematic earnings risk associated with financial distress. This paper defines a ...