Corporate Financial Distress: A Study of the Italian Manufacturing Industry

Ebook Details

Authors

Matteo Pozzoli, Francesco Paolone

Year 2017
Pages 46
Publisher Springer
Language en
ISBN 9783319673547
File Size 768.84 KB
File Format PDF
Download Counter 101
Amazon Link

Ebook Description

This book explores methods and techniques to predict and eventually prevent financial distress in corporations. It analyzes the effects of the global financial crisis on Italian manufacturing companies and, more specifically, whether the crisis has increased the number of firms that are likely to fail. In the first chapter, the authors widely discuss the Corporate Financial Distress as well as the process and costs incurred. The second chapter is based on a review of the most used statistical models, splitting them into accounting-based and market-based models. The following chapter is dedicated to the methodology and the empirical analysis on Italian manufacturing companies from different industries. The last chapter presents practical evidence from Italian manufacturing companies during the recent financial crisis.