Financial Distress Risk, Executive Compensation and the Executive Labour Market

2014 ◽  
Author(s):  
Jie Chen ◽  
Paula Hill ◽  
Neslihan Ozkan
Keyword(s):  
Executive Compensation ◽  
Labour Market ◽  
Financial Distress ◽  
Distress Risk

Operational Risk, Financial Distress Risk and Equity Returns

2011 ◽  
Author(s):  
Ramya Rajajagadeesan Aroul ◽  
Mishuk Chowdhury ◽  
Peggy E. Swanson
Keyword(s):  
Financial Distress ◽  
Operational Risk ◽  
Equity Returns ◽  
Distress Risk

Financial Distress Risk and Stock Price Crashes

2019 ◽  
Author(s):  
Christoforos Andreou ◽  
Panayiotis C. Andreou ◽  
Neophytos Lambertides
Keyword(s):  
Financial Distress ◽  
Stock Price ◽  
Distress Risk

scholarly journals Financial stability and local economic development: the experience of Italian labour market areas

2021 ◽  
Author(s):  
Cristian Barra ◽  
Roberto Zotti
Keyword(s):  
Economic Development ◽  
Labour Market ◽  
Financial Distress ◽  
Financial Stability ◽  
Local Economic Development ◽  
Banking System ◽  
Spatial Effects ◽  
Financial Conditions ◽  
Market Areas ◽  
The Relationship

AbstractRegulators should ensure the smooth functioning of the system and promote regional development. Making the health of financial institutions is therefore a prerequisite for a sustainable economic development. This paper contributes to the literature on the relationship between the financial stability and growth within the area of one country. This implies that institutional, legal, and cultural factors are more adequately controlled for and financial markets are more accurately bounded. Using a rich sample of Italian banks over the 2001–2012 period, this paper addresses whether different measures of financial distress affect economic development of labour market areas in Italy. Results show that the financial stability has a positive effect on local economic development, robust to alternative variables capturing financial vulnerability. The presence of spatial effects is tested showing that better financial conditions of the banking system in neighbouring areas have a detrimental effect on an area’s growth.

Are Firms with Negative Book Equity in Financial Distress?

2015 ◽  
Vol 18 (03) ◽  
pp. 1550016 ◽  
Author(s):  
Tze Chuan Chewie ANG
Keyword(s):  
Failure Rate ◽  
Financial Distress ◽  
Operating Performance ◽  
Large Magnitude ◽  
Small Magnitude ◽  
First Report ◽  
Distress Risk ◽  
Financial Characteristics ◽  
And Control ◽  
Negative Earnings

This study examines whether negative book equity (BE) firms are in financial distress by analyzing their operating performance, financial characteristics, distress risk, and survivability when they first report negative BE. Firms with small magnitude of negative BE (SNBE firms) suffer from persistent negative earnings and financial distress, while firms with large magnitude of negative BE (LNBE firms) experience a temporary non-distress related earnings shock. LNBE firms report consecutive years of negative BE, but have lower distress risk and failure rate than both SNBE and control firms. However, all negative BE stocks have abysmal returns subsequent to their first report of negative BE.

scholarly journals Does corporate social responsibility reduce financial distress risk?

2020 ◽  
Vol 91 ◽  
pp. 835-851 ◽  
Author(s):  
Sabri Boubaker ◽  
Alexis Cellier ◽  
Riadh Manita ◽  
Asif Saeed
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Distress ◽  
Distress Risk ◽  
Corporate Social

scholarly journals Distress risk and leverage puzzles: Evidence from Taiwan

2016 ◽  
Vol 6 (2) ◽  
pp. 72-78
Author(s):  
Kung-Cheng Ho ◽  
Shih-Cheng Lee ◽  
Po-Hsiang Huang ◽  
Ting-Yu Hsu
Keyword(s):  
Asset Pricing ◽  
Stock Returns ◽  
Cross Section ◽  
Financial Distress ◽  
Distress Risk ◽  
The Cross

Financial distress has been invoked in the asset pricing literature to explain the anomalous patterns in the cross-section of stock returns. The risk of financial distress can be measured using indexes. George and Hwang (2010) suggest that leverage can explain the distress risk puzzle and that firms with high costs choose low leverage to reduce distress intensities and earn high returns. This study investigates whether this relationship exists in the Taiwan market. When examined separately, distress intensity is found to be negatively related to stock returns, but leverage is found to not be significantly related to stock returns. The results are the same when distress intensity and leverage are examined simultaneously. After assessing the robustness by using O-scores, distress risk puzzle is found to exist in the Taiwan market, but the leverage puzzle is not.

scholarly journals OPINI AUDIT GOING CONCERN: SUDUT PANDANG LIKUIDITAS, LEVERAGE, FINANCIAL DISTRESS RISK, TAX RISK

2021 ◽  
Vol 17 (1) ◽  
pp. 122
Author(s):  
Yogy Wira Utama ◽  
Ahmad Syakur ◽  
Amrie Firmansyah
Keyword(s):  
Financial Distress ◽  
Going Concern ◽  
Distress Risk
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