Since the Altman Z-score was published in 1968, the Z-score has been a common way that investors predict bankruptcy and value risk. However, corporate structure has evolved since 1968 due to changes in economic factors and financial reporting standards. In 1976, the FASB created the first bright-line rules to distinguish...
This study examines the relationships between player salaries and performance in the
National Basketball Association, by analyzing team salaries and statistics for the five seasons between 2008 and 2013. We find that the teams are able to achieve more wins by
outspending their competitors, even if that means incurring a...