search query: @freeterm Split-population duration model / total: 1
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| Author: | Bandopadhyaya, A. Jaggia, S. |
| Title: | An analysis of second time around bankruptcies using a split-population duration model |
| Journal: | Journal of Empirical Finance
2001 : MAY, VOL. 8:2, p. 201-218 |
| Index terms: | Bankruptcy Liquidity Debt management Debt financing |
| Freeterms: | Split-population duration model |
| Language: | eng |
| Abstract: | The authors use a "split-population" duration model that provides useful information regarding factors that could lead to a second bankruptcy. They find that the probability of a firm re-entering bankruptcy is lower for firms that take a long time to reorganize, reduce their debt-to-assets ratio, do not divest, belong to a industry that has low capacity utilization and low demand growth. They also find that the probability of an average firm re-entering bankruptcy increases for about 4 years before declining. |
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