The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Based on the forefathers' research, this paper made an empirical study on reason of financial distress. We chose the panel data of new ST companies between 2004 and 2006 and used the method of Logistic regression to find the result. The empirical results indicated that not all the countermeasures we chosen are effective. At last, we got our conclusion that the indicators of current ratio, cash flow...
Cash flow can be used to evaluate the financial situation of the company during its business period, while this important item is always neglected in the real life. Consequently, financial distress appears as the cash flow situation does not work well. In this article, I try to present several cash flow indicators which can prevent the company from being caught by financial distress if a good precautionary...
Western finance theory indicates that hedging increases firm value by reducing expected taxes, expected costs of financial distress, or other agency costs. This paper examines the use of financial derivatives for the purpose of risk management in a sample of 1151 China non-financial firms and its potential impacts on firm value and accounting performance. We find a positive relation between firm accounting...
This paper studies debt holders' belief updating and equity owners' financing decisions under asymmetric information during financial distress. This is done within a continuous-time framework, where the relevant state variable is assumed to follow an arithmetic Brownian motion (ABM). ABM can take negative values and has very realistic feature compared with geometric Brownian motion (GBM). Using Chapter...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.