Dividends from unrealized earnings and default risk
Sign Up to like & getrecommendations! Published in 2019 at "Review of Accounting Studies"
DOI: 10.1007/s11142-019-9483-5
Abstract: Using hand-collected data on Israeli firms’ unrealized earnings and debt restructurings following adoption of the International Financial Reporting Standards (IFRS), we investigate whether and how dividend payouts based on unrealized revaluation earnings affect a firm’s… read more here.
Keywords: risk; unrealized earnings; dividends unrealized; earnings default ... See more keywords
Quantifying the vulnerabilities of China’s corporate sector with contingent claims
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Asian Economics"
DOI: 10.1016/j.asieco.2021.101315
Abstract: Abstract This paper measures and analyzes the default risk and debt sustainability of China’s non-financial corporate sector both on an aggregate level and within a sector by employing the contingent claims approach (CCA). Our results… read more here.
Keywords: contingent claims; capital enterprises; sector; corporate sector ... See more keywords
Insolvency regimes and firms' default risk under economic uncertainty and shocks
Sign Up to like & getrecommendations! Published in 2020 at "Economic Modelling"
DOI: 10.1016/j.econmod.2020.06.005
Abstract: Abstract One of the arguments often advanced for implementing a stronger insolvency and bankruptcy framework is that it enhances credit discipline among firms. Using a large cross-country firm-level dataset, we empirically test whether a stronger… read more here.
Keywords: default risk; insolvency; economic uncertainty; firms default ... See more keywords
Valuation of catastrophe equity put options with correlated default risk and jump risk
Sign Up to like & getrecommendations! Published in 2019 at "Finance Research Letters"
DOI: 10.1016/j.frl.2018.08.014
Abstract: Abstract In this paper, the pricing formula for catastrophe equity put options with correlated jump risk and default risk is derived. In the proposed model, we assume that catastrophic events and non-catastrophic events both follow… read more here.
Keywords: default risk; jump risk; catastrophe equity; risk ... See more keywords
Corporate social responsibility and default risk: International evidence
Sign Up to like & getrecommendations! Published in 2021 at "Finance Research Letters"
DOI: 10.1016/j.frl.2021.102063
Abstract: Abstract Using a large sample of firms from 36 countries between 2002 and 2016, this study investigates the relationship between corporate social responsibility (CSR) and default risk, with a focus on the differential effect conditional… read more here.
Keywords: default risk; social responsibility; default; corporate social ... See more keywords
Economic uncertainty and bank stability: Conventional vs. Islamic banking
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Stability"
DOI: 10.1016/j.jfs.2021.100911
Abstract: Abstract In this paper, we explore whether economic uncertainty differently affects the default risk of Islamic and conventional banks. Using a sample of 568 banks from 20 countries between 2009 and 2018, we use the… read more here.
Keywords: economic uncertainty; uncertainty; stability; default risk ... See more keywords
Fiscal commitment and sovereign default risk
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DOI: 10.1016/j.red.2021.08.005
Abstract: Abstract This paper studies the interaction between fiscal commitment and sovereign default risk in a model with optimal taxation and government spending. A time-inconsistency problem arises in our framework as the government cannot credibly commit… read more here.
Keywords: tax; commitment sovereign; fiscal commitment; default risk ... See more keywords
Toward blockchain-based renewable energy microgrid design considering default risk and demand uncertainty
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DOI: 10.1016/j.renene.2020.09.016
Abstract: Abstract Renewable energy is a promising solution for addressing social and environmental issues related to the rapidly rising electric power consumption of manufacturers. Recently, a number of policies have been proposed by governments to stimulate… read more here.
Keywords: renewable energy; default risk; energy microgrid; energy ... See more keywords
Does the source of debt financing affect default risk
Sign Up to like & getrecommendations! Published in 2018 at "Review of Financial Economics"
DOI: 10.1016/j.rfe.2017.03.006
Abstract: Abstract We examine whether the source of debt financing is important for assessments of firms' default risk. This study reveals that during the 2007–2010 financial crisis, firms that depend mainly on financing from banks suffer… read more here.
Keywords: debt financing; default risk; debt; source debt ... See more keywords
A logistic regression model for consumer default risk
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Applied Statistics"
DOI: 10.1080/02664763.2020.1759030
Abstract: ABSTRACT In this study, a logistic regression model is applied to credit scoring data from a given Portuguese financial institution to evaluate the default risk of consumer loans. It was found that the risk of… read more here.
Keywords: logistic regression; default; regression model; model ... See more keywords
Study on the influencing factors and default risk of government debt
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DOI: 10.1080/09720502.2017.1382159
Abstract: Abstract Taking Chinese SY city as an example and by using the step-wise regression method, this paper firstly analyzed the influencing factors of the size of government debt. Then the BS model and naive model… read more here.
Keywords: influencing factors; default risk; government debt; government ... See more keywords