How do bankruptcy risk estimations change in time? Empirical evidence from listed US companies

Christian Lohmann and Steffen Möllenhoff

Finance Research Letters, 2023, vol. 58, issue PB

Abstract: The study analyzes how bankruptcy risk estimations of listed US companies changed in the period January 2006 to May 2023. Based on multi-year data series of bankruptcy risk estimations, the study shows the dynamics of bankruptcy risk estimations and, therefore, helps interpret the outcome of bankruptcy prediction models and evaluate the recent financial distress that a notable number of listed US companies exhibits. Furthermore, the study analyzes the pre-bankruptcy patterns of listed US companies that filed for bankruptcy in 2023.

Keywords: Bankruptcy prediction; Financial distress; Listed US companies; Pre-bankruptcy pattern (search for similar items in EconPapers)
JEL-codes: G33 O16 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323007614
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pb:s1544612323007614

DOI: 10.1016/j.frl.2023.104389

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().