Companies incur significant costs from the financial distress. Predicting financial distress will have an important role in preventing bankruptcy. The aim of the present study is to predict the financial distress costs using the Leland and Toft models, during 1996 and 1998. This study examines data relating to 49 companies listed in the Tehran stock exchange collected over ten years from 2005 t...

Purpose The purpose of this study is to explore the impact sustainability (environmental, social and governance or ESG) practices on financial performance (FP) Nordic industry. Design/methodology/approach covers a sample selection observations for total 152 firm-years 39 companies within region (Sweden, Denmark, Finland Norway) business years including 2015–2019. Data regarding ESG FP indicator...

We study the influence of financial frictions on the cyclical dynamics of producer prices. Empirical results show that the response of industry-specific PPI inflation to changes in aggregate financial conditions depends importantly on differences in the ease of access to external finance across industries: In industries in which firms face a high likelihood of financial constraints, inflation i...

Both auditors and credit rating agencies have been linked to financial scandals in recent history. In the early 2000’s, several of the “big five” accounting firms issued favorable audit opinions to public companies employing deceptive accounting practices. Some of these companies even committed outright fraud. Once the investing public caught wind of these accounting irregularities, it lost tru...

Currently, oversupply coal and coal-based power in China poses a great challenge to energy structure optimization and emissions reduction. The energy industry, however, is closely linked to the financial sector. In view of this, using a non-linear Panel Smooth Transition Regression (PSTR) model, this paper examines the threshold effects of financial developments on energy supply structures for ...

This study analyzes a barrier of developing Exchange named lack of information related to performance of organization. This paper proposes a combined approach to decision making that Examine companies financial performance and offers an optimal way to solve the problem of ranking and efficiency survey. FAHP-TOPSIS approach is used to rating companies and FAHP-DEA approach is used for efficiency...

the objective of this paper is to explore the effect of financial crisis on trade flows of steel industries in the major asian-pacific steel producing countries. using a static and dynamic panel data analysis, we test the hypothesis that the global financial crisis has a negative effect on asia-pacific bilateral steel trade flows. we also examine the role of regional trade integration in bilate...

The emergence of economic crises has forced countries to reform the development strategy with a view to improving economic management. The intervention of governments in the free functioning of the market to reduce social problems by paying subsidies in general and fixing prices have a lot of problems Which makes the information provided by the companies unrealistic and unviable. The most impor...

In addition to its primary role of providing financial protection for other industries the insurance industry also serves as a medium for fund mobilization. In spite of the harsh economic environment in Nigeria, the insurance industry has been crucial to the consummation of business plans and wealth creation.  However, the continued downturn experienced by many countries, in the last decade, se...