Search: insolvency

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17 of 7 collapsed search results for insolvency

RBA Glossary definition for insolvency

insolvency – A situation where an entity has insufficient assets to cover the value of its liabilities, resulting in an inability to meet its financial obligations as they fall due.

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Institutional Background

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
By international standards, the Australian corporate insolvency system ranks highly in its ability to resolve company failures. ... Nor are we interested in examining how the insolvency system affects the overall probability of company failure.
https://www.rba.gov.au/publications/rdp/2016/2016-09/institutional-background.html

Why Do Companies Fail?

1 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
By international standards, the Australian corporate insolvency system ranks highly in its ability to resolve company failures. ... changes in insolvency legislation) and the average levels of any omitted company-level variables (e.g.
https://www.rba.gov.au/publications/rdp/2016/2016-09/full.html

Introduction

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
This is due, at least in part, to changes in corporate insolvency law that reduced the cost of entering insolvency for companies. ... These include: the introduction of employee entitlement schemes which effectively reduced the cost of companies entering
https://www.rba.gov.au/publications/rdp/2016/2016-09/introduction.html

References

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
Available at <http://data.princeton.edu/wws509/notes/>. Senate Economics References Committee (2015), Insolvency in the Australian Construction Industry, (C Ketter, Chair), Commonwealth of Australia, Canberra.
https://www.rba.gov.au/publications/rdp/2016/2016-09/references.html

Data

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
We identify failed companies in our data using publicly available information on corporate insolvency available from ASIC.
https://www.rba.gov.au/publications/rdp/2016/2016-09/data.html

Results

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
push them towards insolvency during periods of stress.
https://www.rba.gov.au/publications/rdp/2016/2016-09/results.html

Modelling Approach

30 Nov 2016 RDP 2016-09
Rose Kenney, Gianni La Cava and David Rodgers
changes in insolvency legislation) and the average levels of any omitted company-level variables (e.g.
https://www.rba.gov.au/publications/rdp/2016/2016-09/modelling-approach.html