The Association between Market-Determined and Accounting-Determined Risk Measures: A Note
Risk measures, Market-determined risk, Accounting-determined risk, Association study
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A Discriminant Analysis of Predictors of Business Failure
Bankruptcy, Discriminant analysis, Financial ratios, Business failure
Breakeven Analysis and Capital Budgeting
Breakeven analysis, Capital Budgeting, Long-run costs
The Application of Network Techniques (PERT/CPM) to the Planning and Control of an Audit
PERT, CPM, Auditing
Incomplete Financial Contracts and Non-contractual Legal Rules: The Case of Debt Capacity and Fraudulent Conveyance Law
This paper illustrates how non-contractual legal rules sometimes alleviate contractual incompleteness. A serious incompleteness in debt contracts is the borrower's ability to fraudulently transfer assets to third parties, rendering the borrower insolvent. The incompleteness arises because contractual remedies are ineffective against third-party transferees who are not bound by the debt contract, while the borrower has no assets to recover. Fraudulent conveyance law is a non-contractual legal rule allowing recovery against these transferees. This increases debt capacity most dramatically for borrowers with highly liquid assets. Without non-contractual legal rules, high liquidation value implies low debt capacity. Journal of Economic Literature Classification Numbers: G32; G38.
Congestion and Idle Capacity in an Economy
A. B. Araoz, H. B. Malmgren; Congestion and Idle Capacity in an Economy1, The Review of Economic Studies, Volume 28, Issue 3, 1 June 1961, Pages 202–211, h