Next Article in Journal
Mergers and Acquisitions (M&AS) by R&D Intensive Firms
Previous Article in Journal
Active Versus Passive Investing - An Analysis of UK Equity Markets, 1991-2005
Article Menu

Export Article

Open AccessArticle
J. Risk Financial Manag. 2008, 1(1), 129-162; doi:10.3390/jrfm1010129

Financial Distress Comparison Across Three Global Regions

Northeastern University, 360 Huntington Ave., Boston, MA 02115, USA
*
Author to whom correspondence should be addressed.
Published: 31 December 2008
View Full-Text   |   Download PDF [214 KB, uploaded 27 August 2013]

Abstract

Globalization has precipitated movement of output and employment between regions. We examine factors related to corporate financial distress across three continents. Using a multidimensional definition of financial distress we test three hypotheses to explain financial distress using historical financial data. A null hypothesis of a single global model was rejected in favor of a fully relaxed model which created individual financial distress models for each region. This result suggests that despite other indications of worldwide convergence, international differences in accounting rules, lending practices, managements skill levels, and legal requirements among others has kept corporate decline from becoming commoditized. View Full-Text
This is an open access article distributed under the Creative Commons Attribution License (CC BY 3.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Platt, H.D.; Platt, M.B. Financial Distress Comparison Across Three Global Regions. J. Risk Financial Manag. 2008, 1, 129-162.

Show more citation formats Show less citations formats

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
J. Risk Financial Manag. EISSN 1911-8074 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top