search query: @indexterm solvency / total: 18
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| Author: | Bryan, D.M. Tiras, S. E. Wheatley, C. M. |
| Title: | The Interaction of Solvency with Liquidity and its Association with Bankruptcy Emergence |
| Journal: | Journal of Business Finance and Accounting
2002 : VOL. 29:7-8, p. 935-966 |
| Index terms: | BANKRUPTCY LIQUIDITY SOLVENCY ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | Prior research has shown that accounting information available prior to a bankruptcy is associated with the likelihood of bankruptcy. The authors show that additionally, the accounting information available prior to bankruptcy is associated with whether or not a firm will emerge from bankruptcy. The authors predict that firms that exhibit low solvency risk and high liquidity risk are most likely to emerge from bankruptcy. Firms that exhibit high solvency risk and high liquidity risk are predicted to be least likely to emerge from bankruptcy. Cross- sectionally, the authors' results support these predictions, but the authors' findings differ across large and small firms. The paper provides a substantial list of references on this subject. |
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