Narrow search
Showing 1 - 10 of 4,931
Cover Image
Debtor fraud in consumer debt renegotiation
Mikhed, Vyacheslav; Raina, Sahil; Scholnick, Barry; … - 2022
Persistent link: https://www.econbiz.de/10013499577
Cover Image
Bankruptcy in groups
Beaver, William H.; Cascino, Stefano; Correia, Maria M.; … - 2016
We examine bankruptcy within business groups. Groups have incentives to support financially distressed subsidiaries as the bankruptcy of a subsidiary may impose severe costs on the group as a whole. In several countries around the world, bankruptcy courts often “pierce the corporate veil”...
Persistent link: https://www.econbiz.de/10011862312
Cover Image
Probleme des Insolvenzplanverfahrens
Henselmann, Klaus; Gutbier, Manuel - 2010
The paper analyses options in case of insolvency. Although insolvency plans empirically are very successful, they are …. -- Insolvenz ; Insolvenzplan ; Insolvenzverwalter ; Planinitiativrecht ; Gläubigerversammlung ; Entscheidungssituation ; Pre …-Packaged-Plan ; Eigenverwaltung ; insolvency ; bankruptcy code ; liquidation ; liquidator ; insolvency plan ; chapter 11 plan ; Pre-Packaged-Plan …
Persistent link: https://www.econbiz.de/10003948384
Cover Image
Foundations of corporate law
Armour, John; Hansmann, Henry B.; Kraakman, Reinier H.; … - 2017
This paper is the first chapter of the third edition of The Anatomy of Corporate Law: A Comparative and Functional Approach, by Reinier Kraakman, John Armour, Paul Davies, Luca Enriques, Henry Hansmann, Gerard Hertig, Klaus Hopt, Hideki Kanda Mariana Pargendler, Georg Ringe, and Edward Rock...
Persistent link: https://www.econbiz.de/10011674057
Cover Image
Executive overconfidence and the slippery slope to financial misreporting
Schrand, Catherine; Zechman, Sarah L. C. - 2011
A detailed analysis of firms subject to SEC Accounting and Auditing Enforcement Releases (AAERs) in the 1990s and 2000s suggests that approximately one-quarter are the result of an act that is consistent with legal standards of intent. In the remaining three quarters, the initial misstatement...
Persistent link: https://www.econbiz.de/10009349654
Cover Image
Polytope fraud theory
Zhao, Dongshuai; Wang, Zhongli; Schweizer-Gamborino, Florian - 2022
Polytope Fraud Theory (PFT) extends the existing triangle and diamond theories of accounting fraud with ten abnormal financial practice alarms that a fraudulent firm might trigger. These warning signals are identified through evaluation of the shorting behavior of sophisticated activist short...
Persistent link: https://www.econbiz.de/10013202768
Cover Image
Changes in corporate investment policy following the inception of credit default swap trade
Hong, Hyun A.; Ryou, Ji Woo; Srivastava, Anup - 2017
A credit default swap (CDS) enables a lender to hedge its risk exposure on a loan given to reference client. The lender then reduces the monitoring of the client's activities as well as aiding the distressed client. Two contrasting predictions can be made about how the borrower would respond to...
Persistent link: https://www.econbiz.de/10011756879
Cover Image
Heightened shareholder interest in firm affairs following the inception of credit default swap trade
Hong, Hyun A.; Ryou, Ji Woo; Srivastava, Anup - 2018
The literature shows that a lender becomes reluctant to aid a distressed client after it receives insurance on its outstanding debt via a credit default swap (CDS). The onset of CDS trade thus accelerates client bankruptcy. We predict that the client firm's shareholders would respond by...
Persistent link: https://www.econbiz.de/10011847772
Cover Image
The failure of Northern Rock : a multi-dimensional case study
Bruni, Franco (ed.); Llewellyn, David T. (ed.) - 2009
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011705347
Cover Image
Causes of country-specific effect related to the value relevance of cash flows and earnings: evidence from France, Germany, Italy and Spain
Sánchez, Mariano González; Jiménez, Eva M. Ibáñez; … - In: Cogent Business & Management 9 (2022) 1, pp. 1-16
Previous studies show that, in common-law countries, the explanatory power of stock returns is higher using cash flows than earnings and accruals, while the opposite is true in code-law countries. Moreover, the literature has shown the existence of a country-specific effect motivated by...
Persistent link: https://www.econbiz.de/10014505791