... be contacted at: jeevan.ram24288@gmail.com 11 05 2022 19 07 2022 09 09 2022 17 09 2022 © Emerald Publishing Limited 2022 Emerald Publishing Limited Licensed re-use rights only Financial distress Bankruptcy Default risk Corporate governance Ownership...

... Financial distress Bankruptcy The cost of bankruptcy is high, with estimates of direct and indirect costs ranging from 11% to 17% of firm value up to three years before bankruptcy (Altman, 1984). To date, the bankruptcy literature has primarily focused on using mathematical models that rely...

...Hirofumi Nishi; S. Drew Peabody Purpose The purpose of this paper is to investigate if the volatility of stock prices in the days surrounding the Chapter 11 bankruptcy process predicts a firm’s likelihood to successfully restructure and emerge from bankruptcy. Design/methodology/approach...

...Umar Farooq; Muhammad Ali Jibran Qamar; Abdul Haque Purpose The purpose of this paper is to explain the multi-stage dynamic process of financial distress. An attempt is made to explore multiple adverse heterogeneous events of financial distress leading a firm closer to bankruptcy progressively...

... of stock exchanges but also considerations such as auditors’ opinions and bankruptcy proceedings. Using data on 520 firms delisted from the New York Stock Exchange (NYSE), American Stock Exchange (AMEX) or NASDAQ during 1962–1985, Sanger and Peterson (1990) report that violation of numerical standards...

... bankruptcy. The purpose of this paper is to posit that firms alter their governance toward a more effective framework during restructuring, leading to emergence as a better performing firm. Design/methodology/approach The data set includes large firms that filed for bankruptcy between 1998 and 2013...

...Kenneth Hunsader; Natalya Delcoure; Gwendolyn Pennywell Purpose – The purpose of this paper is to investigate the effect of bankruptcy announcements on the bankrupt firm's competitors' stock returns. Design/methodology/approach – Starting with a sample of Chapter 11 bankruptcies from 1980...

...Iftikhar Hussain Outlines trends in UK personal bankruptcies and relevant research; and explores the reasons for their dramatic rise since 1990. Explains the process of econometric analysis used to interpet the statistics and presents the results, which support the argument that higher indebtedness...

...Graham Partington; Philip Russel; Max Stevenson; Violet Torbey Reviews previous research on predicting financial distress and the effects of US Chapter 11 bankruptcy (C11B); and explains how survival analysis and Cox’s (1972) proportional hazards model can be used to estimate the financial outcome...

... technical mathematical and algebraic explanatory means to emphasize points. Adopts the use of figures and tables to aid explanation. Concludes that, although some progress has been made, more sophisticated analysis is required. © MCB UP Limited 2000 Bankruptcy Fraud Accounting Volume 26...

... failed and nonfailed companies with special emphasis on working capital components; to analyse the empirical results and make recommendations for future study. © MCB UP Limited 1984 Working capital Bankruptcy Cash flow Financial models Bankruptcy, Working Capital and Funds Flow...