The consequences of a bankruptcy
On Friday 7 October 2022 Ibrahim Pelja will hold a trial lecture on a prescribed topic and defend his thesis for the PhD degree at NHH.
Prescribed topic for the trial lecture:
«What does the research evidence tell (1) whether environmental, social, and governance (ESG) firm reporting matters and (2) whether firm ESG reporting should be regulated?»
Jebsen Centre at NHH and Zoom, 10:15
Title of the thesis:
«Essays on Corporate Distress and Bankruptcy»
The consequences of a bankruptcy are usually substantial to owners, creditors, employees, and society in general. This dissertation consists of three studies that consider different aspects of corporate bankruptcies.
The first paper reviews how prior literature has identified corporate distress and which methods and predictors that have been utilized in prediction models. As such, the paper summarizes a literature that spans over six decades and provides researchers and practitioners with a point of departure when designing distress prediction models.
Auditors have to assess the likelihood of the firm continuing as a going concern, and are as such a group that have to consider the risk of bankruptcy. The second paper, co-authored by Anna Gold, explores whether auditor’s going concern assessments are informative beyond twelve months. This study contributes to the debate as to whether auditor’s should consider whether the firm can continue as a going concern beyond twelve months.
Information about management’s bankruptcy experience can be informative to creditors when assessing the risk of future bankruptcies. The last study show hos the Norwegian bankruptcy register provides creditors with relevant information about the CEOs bankruptcy experience.
Jebsen Centre at NHH, 12:15
Members of the evaluation committee:
Professor Aasmund Eilifsen (leader of the committee), Department of Accounting, Auditing, and Law, NHH
Professor Thomas Plenborg, Copenhagen Business School
Dr. Vineet Agarwal, Cranfield School of Management
Associate Professor Finn Kinserdal (main supervisor), Department of Accounting, Auditing, and Law, NHH
Professor Frøystein Gjesdal, Department of Accounting, Auditing, and Law, NHH
Associate Professor Maria Correia, London School of Economics
The trial lecture and thesis defense will be open to the public.