Abstract Purpose: An econometric model is established to explain bankruptcy in Ecuadorian banks. The utility of combining macroeconomic, financial, and idiosyncratic determinants to explain bankruptcy is empirically demonstrated. Design/methodology/approach: The cross-sectional analysis includes 24 banks between 1996 and 2016. Bankruptcy is conside...
ABSTRACT This study sought to analyze the variables that can influence company bankruptcy. For several years, the main studies on bankruptcy reported on the conventional methodologies with the aim of predicting it. In their analyses, the use of accounting variables was massively predominant. However, when applying them, the accounting variables wer...
Financial crises is an important research topic because of their impact on the economy, the businesses and the populations. However, prior research tend to show systemic risk measures which are reactive, in the sense that risk surges after the crisis starts. Few of them succeed in predicting financial crises in advance. In this paper, we first intr...
La crise financière de 2008 qui a affecté l’ensemble des marchés boursiers et les scandales comptables et financiers qui l’ont accompagnée ont mis en cause le modèle de gouvernance des entreprises concernées et à travers lui, les dispositifs de contrôle et de régulation du capitalisme contemporain et ont conduit à porter un regard critique sur ces ...
This article draws from the Minskyian/Post-Keynesian literature on the dynamics of the 21st century capitalism and points to the incompatibility between market-efficiency-based micro-prudential regulatory reforms—conducted by the Federal Reserve System in the 1990s–2000s—and financial system stability. We argue that these reforms rested on a twofol...
Published in The Irish Journal of Management
This paper examines differences in the hazard rates of young, established and mature firms during the financial crisis, using microdata from more than 300,000 Irish firms. The findings confirm that firm size at the time of the crisis had the largest impact on the probability of exit. The liability of smallness was pronounced in mature cohorts. Indu...
Published in Nutrients
Although food insecurity has been associated with a disadvantageous socioeconomic status, especially in older adults, its association with comorbidities is less clear. The scope of the present cross-sectional study was to assess the prevalence of food insecurity among older adults and evaluate the association between food insecurity, malnutrition, ...
Published in Medical Archives
Introduction: Mental health issues during adolescence are common and worsen when financial crisis occur across the world. Identification of mental health needs as they are expressed by adolescents themselves is important for efficient mental health promotion interventions. Aim: This systematic review examined studies on the mental health needs amon...
This paper investigates the impact of COVID-19 on financial markets. It focuses on the evolution of the market efficiency, using two efficiency indicators: the Hurst exponent and the memory parameter of a fractional Lévy-stable motion. The second approach combines, in the same model of dynamic, an alpha-stable distribution and a dependence structur...
The time-varying kernel density estimation relies on two free parameters: the bandwidth and the discount factor. We propose to select these parameters so as to minimize a criterion consistent with the traditional requirements of the validation of a probability density forecast. These requirements are both the uniformity and the independence of the ...
