Artikel
Financial distress comparison across three global regions
Globalization has precipitated movement of output and employment between regions. We examine factors related to corporate financial distress across three continents. Using a multidimensional definition of financial distress we test three hypotheses to explain financial distress using historical financial data. A null hypothesis of a single global model was rejected in favor of a fully relaxed model which created individual financial distress models for each region. This result suggests that despite other indications of worldwide convergence, international differences in accounting rules, lending practices, managements skill levels, and legal requirements among others has kept corporate decline from becoming commoditized.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 1 ; Year: 2008 ; Issue: 1 ; Pages: 129-162 ; Basel: MDPI
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Platt, Harlan D.
Platt, Marjorie B.
- Event
-
Veröffentlichung
- (who)
-
MDPI
- (where)
-
Basel
- (when)
-
2008
- DOI
-
doi:10.3390/jrfm1010129
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Platt, Harlan D.
- Platt, Marjorie B.
- MDPI
Time of origin
- 2008
Other Objects (12)
Do traditional financial distress prediction models predict the early warning signs of financial distress?
Sovereign credit risk and stock markets: Does the markets' dependency increase with financial Distress?
Financial distress and information sharing: Evidences from the Italian credit register
Financial literacy levels among Saudi citizens across budgeting, saving, investment, debt, and insurance dimensions
Oil prices, credit risks in banking systems, and macro-financial linkages across GCC oil exporters
Financial econometrics
Financial reforms and financial fragility: A panel data analysis
Causal effects of financial education intervention aimed at University students on financial knowledge and financial self-efficacy
Volatility transmission across financial markets: A semiparametric analysis
Corporate financial distress of industry level listings in Vietnam
Predicting firms' financial distress: An empirical analysis using the F-Score model
The OFR financial stress index
Do traditional financial distress prediction models predict the early warning signs of financial distress?
Sovereign credit risk and stock markets: Does the markets' dependency increase with financial Distress?
Financial distress and information sharing: Evidences from the Italian credit register
Financial literacy levels among Saudi citizens across budgeting, saving, investment, debt, and insurance dimensions
Oil prices, credit risks in banking systems, and macro-financial linkages across GCC oil exporters
Financial econometrics
Financial reforms and financial fragility: A panel data analysis
Causal effects of financial education intervention aimed at University students on financial knowledge and financial self-efficacy
Volatility transmission across financial markets: A semiparametric analysis
Corporate financial distress of industry level listings in Vietnam
Predicting firms' financial distress: An empirical analysis using the F-Score model
The OFR financial stress index
Do traditional financial distress prediction models predict the early warning signs of financial distress?
Sovereign credit risk and stock markets: Does the markets' dependency increase with financial Distress?
Financial distress and information sharing: Evidences from the Italian credit register
Financial literacy levels among Saudi citizens across budgeting, saving, investment, debt, and insurance dimensions
Oil prices, credit risks in banking systems, and macro-financial linkages across GCC oil exporters
Financial econometrics
Financial reforms and financial fragility: A panel data analysis
Causal effects of financial education intervention aimed at University students on financial knowledge and financial self-efficacy
Volatility transmission across financial markets: A semiparametric analysis
Corporate financial distress of industry level listings in Vietnam
Predicting firms' financial distress: An empirical analysis using the F-Score model