Management Studies (ISSN 2328-2185), Vol.3, No.7-8, 2015 (original) (raw)
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The essence of the law on bankruptcy is to collect the debt of an entity and distribute such asset among the contending claimholders. It is, also meant to resolve the broad issues of business failure in the context of the imminent or indeed the actual collapse of the indebted entity. The objective of the study is to explore relevant theories guiding the procedure of distribution or entitlement in bankruptcy among a group of agents. The study employed exploratory research method via an extended literature review, to investigate the underlying principles guiding the allocation of a given amount of a perfectly divisible good among a group of agents. The results of this extended literature review indicate that the procedure of distribution or entitlement in bankruptcy is supported by five of the theories reviewed while only value based theory posits the absence of any cogent solution to the financial distress of the debtor. The knowledge of theories is not enough for business survival, the ability to predict the possible occurrence of business failures is necessary. Market based models including the stock market option valuation approach perform better than the earlier models which rely heavily on historical accounting figures.
2017
The essence of the law on bankruptcy is to collect the debt of an entity and distribute such asset among the contending claimholders. It is, also meant to resolve the broad issues of business failure in the context of the imminent or indeed the actual collapse of the indebted entity. The objective of the study is to explore relevant theories guiding the procedure of distribution or entitlement in bankruptcy among a group of agents. The study employed exploratory research method via an extended literature review, to investigate the underlying principles guiding the allocation of a given amount of a perfectly divisible good among a group of agents. The results of this extended literature review indicate that the procedure of distribution or entitlement in bankruptcy is supported by five of the theories reviewed while only value based theory posits the absence of any cogent solution to the financial distress of the debtor. The knowledge of theories is not enough for business survival, ...
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2017
In this article I have tried to analyze the manner in which risk management, as a branch of organizational management, can be applied in insolvency proceedings. In order to reach this general objective, I have structured a few specific objectives: the identification of the type activities in insolvency proceedings and the identification of the risk generating sub-activities; the drafting of a matrix for risk ranking; identification of the elements of the risk management process in insolvency proceedings and also of the elements of the risk documentation plan. Using the Delphi technique, through a questionnaire administered to the insolvency practitioners, in a first stage, I have identified the type activities specific to the insolvency proceedings, which, in my opinion, can be constituted in an insolvency management. In the second stage of the research, I have identified, for each type activity, the risk generating sub-activities in insolvency proceedings. Starting from the classic...
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Models for the Assessment of the Entreprise Bankrupty Risk in Crisis Situations
2009
The complex nature of the aspects involved by bankruptcy risk also explains the diversity of the diagnosis and analysis models, of which we mention: the liquidity- chargeability analysis, the functional analysis, the rate analysis, the financial flow analysis, etc, therefore, bankruptcy risk analysis can be developed in a static manner, using the analysis of the balance sheet financial balances, or in a dynamic manner, using the analysis of the flows depicted in the financing chart. Based on specialty literature, this paper will outline the national and international contributions in the field of discriminatory analysis and bankruptcy prediction, also known as the so-called score functions. Several researchers and financial organisations have been concerned with developing a bankruptcy risk prediction method, starting from a small group of rates, closely linked to the health or vulnerability of the enterprise. The procedure used is the statistic technique of discriminatory analysis ...
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Samvakti Journal of Research in Information Technology, 2020
In recent years, bankruptcy prediction has been a hot topic among the myriad of data analysts traversing across the globe so in this research paper I have presented a general framework regarding various methodologies for the prediction of bankruptcy by taking a skewed dataset and comparing it against the conventional methods. Also by taking into account various financial ratios of an enterprise and following a multi-variant approach of discriminant analysis, predicting the solvency of enterprise and thereby bankruptcy. In parallel to others, evolution in computing technology has given rise to an era in which Artificial Intelligence (AI) and machine learning form the foundation of bankruptcy prediction models. This paper aims at developing a framework of prediction using the ANN (Artificial Neural Network). The dataset will be used for analysis and the outcome of the study of conventional models will be viewed as a reference for comparison with the results of the current forecast model. Thus a breakthrough can be achieved in this sparsely trodden arena of finance which in the amalgamation of data science will alleviate the situations of banks and enterprises.
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In Romania, on the background of the economic crisis and globalization of markets, the external and internal environment becomes more and more hostile and as such, many commercial societies, can record financial disturbances or even bankruptcy. Ignoring drawn signals (the level of some economic-financial indicators) following a correct diagnosis can lead to degradation of economic and financial condition of the company entering insolvency. The study conducted by the author, on a guided sample of small companies in Romania aimed to develop a model of financial diagnosis, which can quickly reflect, based on the level of a score, the probability of the insolvency or bankruptcy of the company.