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Financial frictions, real estate collateral, and small firm activity in Europe
Banerjee, Ryan; Blickle, Kristian - 2018
example, places where bankruptcy resolution is more difficult and/or takes longer) see a greater dependence on "stable" real …
Persistent link: https://www.econbiz.de/10011904686
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Are bankruptcy models adequate for condition assessment of companies listed on warsaw stock exchange
Bolek, Monika; Gniadkowska-Szymańska, Agata - In: Financial internet quarterly 18 (2022) 2, pp. 1-12
The goal of this paper is to present early warning models used in the process of bankruptcy recognition that should …
Persistent link: https://www.econbiz.de/10013252652
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Firms dynamics, bankruptcy laws and total factor productivity
Tomura, Hajime (contributor) - 2007
effect of bankruptcy and foreclosure laws on fluctuations in TFP through their effect on credit market frictions …
Persistent link: https://www.econbiz.de/10003463037
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Destructive Creation at Work : How Financial Distress Spurs Entrepreneurship
Babina, Tania - 2020
Using U.S. Census firm-worker data, I document that firms' financial distress has an economically important effect on employee departures to entrepreneurship. The impact is amplified in the high-tech and service sectors, where employees are key assets. In states with enforceable noncompete...
Persistent link: https://www.econbiz.de/10012854608
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Destructive Creation at Work : How Financial Distress Spurs Entrepreneurship
Babina, Tania - 2020
Using U.S. Census firm-worker data, I document that firms' financial distress has an economically important effect on employee departures to entrepreneurship. The impact is amplified in the high-tech and service sectors, where employees are key assets. In states with enforceable noncompete...
Persistent link: https://www.econbiz.de/10012855884
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Corporate Zombies : Anatomy and Life Cycle
Banerjee, Ryan - 2021
Using firm-level data on listed non-financial companies in 14 advanced economies, we document a rise in the share of zombie firms, defined as unprofitable firms with low stock market valuation, from 4% in the late 1980s to 15% in 2017. These zombie firms are smaller, less productive, more...
Persistent link: https://www.econbiz.de/10013240422
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Recovery and exit of zombie firms in Portugal : a remake
Carreira, Carlos; Teixeira, Paulino; Nieto-Carrillo, Ernesto - In: Aussenwirtschaft : schweizerische Zeitschrift für … 73 (2023) 1, pp. 91-108
Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie phenomenon has weakened business dynamism and, as a consequence, has slowed economic growth in most economies in recent decades. In this paper, we examine the recovery and exit of...
Persistent link: https://www.econbiz.de/10014531057
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Are bankruptcy models adequate for condition assessment of companies listed on Warsaw Stock Exchange
Bolek, Monika; Gniadkowska-Szymańska, Agata - In: Financial Internet Quarterly 18 (2022) 2, pp. 1-12
The goal of this paper is to present early warning models used in the process of bankruptcy recognition that should …
Persistent link: https://www.econbiz.de/10013466302
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Corporate Social Performance and the Likelihood of Bankruptcy: Evidence from a Period of Economic Upswing
Habermann, Florian; Fischer, Felix Bernhard - In: Journal of Business Ethics 182 (2021) 1, pp. 243-259
The paper aims to investigate the effects of corporate social performance (CSP) on bankruptcy likelihood in times of … measure bankruptcy likelihood with the Altman Z score and CSP with Refinitiv ESG scores. By applying static panel data … likelihood of bankruptcy during times of economic upswing. (ii) Increasing a firm's CSP in times of economic upswing leads to a …
Persistent link: https://www.econbiz.de/10014502011
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Trade credit and the propagation of corporate failure: An empirical analysis
Jacobsen, Tor; von Schedvin, Erik - 2012
invoked by a debtor failure imposes a substantially enhanced bankruptcy risk on the creditors. The propagation mechanism is …
Persistent link: https://www.econbiz.de/10010320754