Determinants of the duration of the voluntary administration process: An unconditional quantile regression analysis

IF 2.9 3区 管理学 Q2 BUSINESS, FINANCE Journal of Contemporary Accounting & Economics Pub Date : 2021-12-01 DOI:10.1016/j.jcae.2021.100276
John Goodwin , James Routledge
{"title":"Determinants of the duration of the voluntary administration process: An unconditional quantile regression analysis","authors":"John Goodwin ,&nbsp;James Routledge","doi":"10.1016/j.jcae.2021.100276","DOIUrl":null,"url":null,"abstract":"<div><p>This study explores determinants of voluntary administration (VA) and deed of company arrangement (DOCA) durations using unconditional quantile regression (UQR). Determinants’ effects are heterogeneous across the VA and DOCA distributions. Determinants related to complexity and negotiation, including size and debt restructuring existence, are positively and negatively related respectively to VA duration, and are stronger at longer durations. Insolvency firm expertise is negatively related to VA duration at shorter durations. Determinants related to scale and procedure, including size and accounting problems, are positively related to DOCA duration, and are stronger at longer durations. No determinants explain short DOCA durations. The UQR results uncovered other new empirical regularities.</p></div>","PeriodicalId":46693,"journal":{"name":"Journal of Contemporary Accounting & Economics","volume":null,"pages":null},"PeriodicalIF":2.9000,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Contemporary Accounting & Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1815566921000345","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

Abstract

This study explores determinants of voluntary administration (VA) and deed of company arrangement (DOCA) durations using unconditional quantile regression (UQR). Determinants’ effects are heterogeneous across the VA and DOCA distributions. Determinants related to complexity and negotiation, including size and debt restructuring existence, are positively and negatively related respectively to VA duration, and are stronger at longer durations. Insolvency firm expertise is negatively related to VA duration at shorter durations. Determinants related to scale and procedure, including size and accounting problems, are positively related to DOCA duration, and are stronger at longer durations. No determinants explain short DOCA durations. The UQR results uncovered other new empirical regularities.

查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
自愿给药过程持续时间的决定因素:无条件分位数回归分析
本研究利用无条件分位数回归(UQR)探讨了自愿管理(VA)和公司安排契约(DOCA)持续时间的决定因素。决定因素的影响在VA和DOCA分布中是异质的。与复杂性和谈判相关的决定因素,包括规模和债务重组的存在,分别与VA持续时间呈正相关和负相关,并且在更长的持续时间内更强。在较短的持续时间内,破产公司的专业知识与VA持续时间呈负相关。与规模和程序相关的决定因素,包括规模和会计问题,与DOCA持续时间呈正相关,并且持续时间越长越强。没有决定因素解释短DOCA持续时间。UQR的结果揭示了其他新的经验规律。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
6.00
自引率
3.00%
发文量
24
期刊最新文献
Expanded auditor’s reports and voluntary disclosure Long-term tax strategy and corporate acquisition payment structure: An analysis based on the book-tax tradeoff theory Dividend signalling and investor protection: An international comparison MD&A tone and stock returns The bright side of staggered boards: Evidence from labor investment efficiency
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1