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SpringerBriefs in Finance

Corporate Financial Distress

A Study of the Italian Manufacturing Industry

Authors: Pozzoli, Matteo, Paolone, Francesco

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eBook $39.99
price for USA (gross)
  • ISBN 978-3-319-67355-4
  • Digitally watermarked, DRM-free
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  • Immediate eBook download after purchase
Softcover $54.99
price for USA
  • ISBN 978-3-319-67354-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

Matteo Pozzoli Ph.D., is Associate Professor of Business Administration at the Department of Law of Parthenope University in Naples(Italy). His research profile is focused upon corporate reporting, financial distress, and business valuation. He serves as a staff member of the CNDCEC, the Italian accountants’ professional body. He is technical advisor at the Corporate Reporting Policy Group of the Accountancy Europe and member of the Small and Medium Practices Committee of the International Federation of Accountants. He participated as speaker in several international and national conferences.

Francesco Paolone holds a degree in Business Administration and Management at Bocconi University in Milan. He is currently a post-doc researcher of Business Administration at Department of Accounting, Management and Economics of Parthenope University in Naples. His research profiles are mainly focused on accounting and financial reporting, earnings management, bankruptcy prediction modelling, corporate governance and business models innovation. Among his experiences of studies abroad, there are several periods at Maastricht University in Netherlands, Georgetown University of Washington DC, Pompeu Fabra University in Barcelona, London School of Business and Finance in London and Aalborg University in Denmark.  He is author of several scientific contributions in important international conferences, journals and books. He is also chartered accountant and auditor.

Table of contents (5 chapters)

  • Introduction

    Pozzoli, Matteo (et al.)

    Pages 1-2

  • Defining Corporate Financial Distress and Bankruptcy

    Pozzoli, Matteo (et al.)

    Pages 3-10

  • The Models of Financial Distress

    Pozzoli, Matteo (et al.)

    Pages 11-28

  • Data Analysis and Empirical Results

    Pozzoli, Matteo (et al.)

    Pages 29-43

  • Conclusions and Implications

    Pozzoli, Matteo (et al.)

    Pages 45-46

Buy this book

eBook $39.99
price for USA (gross)
  • ISBN 978-3-319-67355-4
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $54.99
price for USA
  • ISBN 978-3-319-67354-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Corporate Financial Distress
Book Subtitle
A Study of the Italian Manufacturing Industry
Authors
Series Title
SpringerBriefs in Finance
Copyright
2017
Publisher
Springer International Publishing
Copyright Holder
The Author(s)
eBook ISBN
978-3-319-67355-4
DOI
10.1007/978-3-319-67355-4
Softcover ISBN
978-3-319-67354-7
Series ISSN
2193-1720
Edition Number
1
Number of Pages
IX, 46
Number of Illustrations and Tables
1 illustrations in colour
Topics