Insolvency and Tests of Insolvency: An Analysis of the “Balance Sheet” and”Cashflow” Tests

Margret, Julie

doi:10.1111/j.1835-2561.2002.tb00204.x

Cited by 8 publications

(6 citation statements)

References 8 publications

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“…Hlavným problémom pri predlžení je určovanie a sledovanie hodnoty majetku a záväzkov osôb, ktoré sú povinné viesť účtovníctvo 23 . V praxi sa stáva, že podnikateľovo účtovníctvo nezodpovedá skutočnosti.…”

Section: Súvahový Testunclassified

Testovanie Úpadku a Hroziaceho Úpadku Dlžníka Z Pohľadu Slovenského Právneho Poriadku

Dolný

2023

SIC

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TESTING OF INSOLVENCY AND IMMINENT INSOLVENCY OF THE DEBTOR FROM THE POINT OF VIEW OF THE SLOVAK LEGAL ORDER Článok sa zaoberá spôsobmi testovania úpadku vo forme predlženia a platobnej neschopnosti ako aj hrozby úpadku z pohľadu slovenského právneho poriadku. Slovenská právna úprava vymedzenia úpadku a hroziaceho úpadku prešla v nedávnom čase zmenami v dôsledku transpozície Smernice Európskeho parlamentu a Rady o preventívnej reštrukturalizácii, o oddlžení a diskvalifikácii a o opatreniach na zvýšenie účinnosti reštrukturalizačných, konkurzných a oddlžovacích konaní a o zmene smernice (EÚ) 2017/1132. Predmetom analýzy v článku je vymedzenie zákonných podmienok pre určenie hrozby úpadku a úpadku dlžníka a identifikovanie problémových častí právnej úpravy. Článok poskytuje teoretickú ako aj praktickú analýzy aktuálnej právnej úpravy podmienok úpadku a jeho hrozby ako aj aktuálnej judikatúry v tejto oblasti. V závere článok zhrňuje výsledky analýzy a navrhuje možné aplikačné a legislatívne riešenia pri testovaní úpadku a hroziaceho úpadku. URL: http://sic.pravo.upjs.sk/ The article deals with ways of testing insolvency in the form of over-indebtedness and illiquidity as well as the imminent insolvency from the perspective of the Slovak legal order. Slovak legislation on the definition of bankruptcy and impending bankruptcy has recently undergone changes as a result of the transposition of the Directive of the European Parliament and the Council on preventive restructuring, on debt relief and disqualification and on measures to increase the effectiveness of restructuring, bankruptcy and debt discharge proceedings and on the amendment of Directive (EU) 2017/1132. The subject of the analysis in the article is the definition of the legal conditions for determining imminent insolvency and insolvency of the debtor and identifying problematic parts of the legislation. The article provides a theoretical as well as a practical analysis of the current legal regulation of insolvency conditions and imminent insolvency, as well as current jurisprudence in this area. In the end, the article summarizes the results of the analysis and suggests possible application and legislative solutions for insolvency and imminent insolvency testing.

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Section: Súvahový Testunclassified

Testovanie Úpadku a Hroziaceho Úpadku Dlžníka Z Pohľadu Slovenského Právneho Poriadku

Dolný

2023

SIC

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“…In addition to the human resource implications of counterproductive-employee behavior and negligent retention, management should be aware of the actual costs associated with the impact that retaining counterproductive employees has on overall organizational performance (Axelrod et al, 2002;Mount et al, 2006). In most organizations, processes are in place to calculate the traditional costs of doing business, such as the cost of producing a product, the cost of scrap, the cost of maintaining work facilities and equipment, the cost of the various elements of the total compensation package, and other miscellaneous costs (Cecil and King, 2011;Coles et al, 2007;Drysdale et al, 2010;Liberopoulos et al, 2007;Keles et al, 2011;Margret, 2002;Ohlson, 2006;Patterson, 2008;Phusavat et al, 2009;Ramírez and Nembhard, 2004;Thilmany, 2008;Williamson, 1981). Furthermore, most organizations are probably capable of determining the approximate cost of sabotaged equipment and employee theft (Mount et al, 2006).…”

Section: Organizational Performance Implicationsmentioning

confidence: 99%

Negligent retention of counterproductive employees

Self

2014

International Journal of Law and Management

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Purpose – The purpose of this article is to encourage organizations to recognize the potential risks of retaining counterproductive employees on their payrolls and the steps they should take to prevent and/or correct the situation should it exist within their organizations. Design/methodology/approach – Literature examining a broader definition of the negligent retention doctrine, which includes employees who lack the qualifications for the positions they hold, those who are nonperformers, and/or those who exhibit toxic behaviours, and the consequences for retaining these counterproductive employees on the payroll. By using a multilayered approach, the article discusses the efforts organizations can use to identify potentially counterproductive employee behaviour and the steps the organizations should take to provide appropriate developmental strategies/programs to assist counterproductive employees, as well as, provide appropriate disciplinary action, as the situation dictates. Findings – The review highlights the potential financial drain and performance threats counterproductive employees create for organizations; offers explanations as to why counterproductive employees are often allowed to stay on the payroll; and provides suggestions for preventing the selection of counterproductive employees, for providing appropriate developmental. Practical implications – The article offers practical insights and suggestions to organizations that are interested in upholding their fiduciary responsibility to their stakeholders, while providing counterproductive employees opportunity to improve their performance/behaviours or to exit the organization. Originality/value – The article expands the definition of the negligent retention doctrine to include the often-ignored financial and emotional dangers of retaining unfit or counterproductive employees on the payroll.

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“…[10] The most undervalued industry is wholesale and retail trade, and the industries with the smallest deviation are transportation and information transmissions. [11] The remainder of our paper carries out as follows. In section 2, firstly, we introduced the selection of samples, mainly selecting most listed companies in the Chinese market from 2005 to 2019.…”

Section: Introductionmentioning

confidence: 99%

Stock Prices and DCF valuation – Evidence from China

Chen¹,

Ma²,

Yan³

2021

Proceedings of the 2021 International Conference on Financial Management and Economic Transition (FMET 2021)

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The DCF model is a valuation model that we often use in our daily life. It is a common model for company valuation. Although the DCF model is the best choice of most companies' valuation models, there are still many inaccuracies in this valuation compared with the actual value. To verify the accuracy of the DCF model, this paper bases it on the real free cash flow, comparing and analysing the DCF valuation and stock prices. We found a) the results of the DCF model are not the same as the actual stock price at the end of 2005; b) the DCF valuation results are significantly higher than the actual stock price; c) the degree of deviation is different from various industries. The deviation may be caused by the reform of non-tradable shares in 2005.

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Insolvency and Tests of Insolvency: An Analysis of the “Balance Sheet” and”Cashflow” Tests

Cited by 8 publications

References 8 publications

Testovanie Úpadku a Hroziaceho Úpadku Dlžníka Z Pohľadu Slovenského Právneho Poriadku

Testovanie Úpadku a Hroziaceho Úpadku Dlžníka Z Pohľadu Slovenského Právneho Poriadku

Negligent retention of counterproductive employees

Stock Prices and DCF valuation – Evidence from China

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