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Erschienen in:

2016 | OriginalPaper | Buchkapitel

49. Indirect Financial Distress Costs: Evidence from Trading and Services Sector

verfasst von : Norhisam Bulot, Norhana Salamudin, Wan Mohd Yaseer Mohd Abdoh, Noor Hafizha Muhamad Yusuf, Hasyeilla Abd Mutallib

Erschienen in: Proceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014)

Verlag: Springer Singapore

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Abstract

The aim of this paper is to provide a quantitative estimate of the indirect financial distress costs. This paper focuses on the Malaysian trading and services sector and concentrates only on measuring the financial distress costs in terms of changes in operating performance and changes in capital values. This study will contribute to the existing literature by providing an alternative proxy for indirect financial distress costs and perhaps the first paper to provide the quantitative estimate of the costs for Malaysia’s financially distressed firms. Findings from our study suggest that indirect costs exist and are found to be between 3.1 and 21.39 %. In addition to that, this paper also provides an empirical support that the indirect financial distress costs increase and become apparent as the firms near financial distress.

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Vorheriges Kapitel Bank Fragility and Its Determinants: Evidence From Malaysian Commercial Banks

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Titel: Indirect Financial Distress Costs: Evidence from Trading and Services Sector
verfasst von: Norhisam Bulot
Norhana Salamudin
Wan Mohd Yaseer Mohd Abdoh
Noor Hafizha Muhamad Yusuf
Hasyeilla Abd Mutallib
Verlag: Springer Singapore
Buch: Proceedings of the 1st AAGBS International Conference on Business Management 2014 (AiCoBM 2014)
Print ISBN: 978-981-287-425-2

Electronic ISBN: 978-981-287-426-9

Copyright-Jahr: 2016
DOI: https://doi.org/10.1007/978-981-287-426-9_49