Narrow search
Showing 1 - 10 of 21,287
Cover Image
The lemon market of insolvency proceedings in Spain in the new normal : information, asymmetry, and adverse selection problems
Olabarrieta, Unai; San-Jose, Leire; Araujo, Andrés - In: Cogent business & management 10 (2023) 3, pp. 1-16
framework for corporate insolvency resolution are constantly changing to enhance the efficiency of such mechanisms. This pursuit … contrasts with the lack of specific efficiency data available to both legislators and researchers, there are no solid statistics … to investigate the phenomenon from the perspective of its efficiency, which makes it impossible in practice to …
Persistent link: https://www.econbiz.de/10014505998
Cover Image
Republic of Lithuania; Financial Sector Assessment Program Update-Technical Note-Insolvency and Creditor Rights Assessment
International Monetary Fund (IMF); International … - 2008
the bailiffs system has contributed to accelerating the recovery process and increasing the enforcement efficiency. In the … area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally …
Persistent link: https://www.econbiz.de/10011245697
Cover Image
European and German insolvency law with focus on cross-border proceedings, COMI and international competence
Šťastný, Tomáš - In: Současná Evropa 2012 (2012) 2, pp. 147-166
law and its practical bankruptcy implementation. We would like to point out that this article is based on the bibliography …
Persistent link: https://www.econbiz.de/10011195465
Cover Image
Observing unobservables : identifying information asymmetries with a consumer credit field experiment
Karlan, Dean; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10011610980
Cover Image
Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10010369211
Cover Image
Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10009444170
Cover Image
Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - Economic Growth Center, Economics Department - 2005
Information asymmetries are important in theory but difficult to identify in practice. We estimate the empirical importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major South...
Persistent link: https://www.econbiz.de/10005146666
Cover Image
Micro-microcrédit et asymétries d’information : cas du Maroc
Abdelhamid, El Bouhadi; Omar, Essardi - Volkswirtschaftliche Fakultät, … - 2007
In this paper we apply the Principal/Agent theory in case of microcredit granted to the Moroccan micro-companies. The practice reveals us that a part of the receipted credits is diverted from its initial objective. Indeed, a situation of information asymmetries linked with adverse selection and...
Persistent link: https://www.econbiz.de/10008490565
Cover Image
Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Report
Karlan, Dean; Zinman, Jonathan - 2007
Information asymmetries--which occur when one party to a transaction has more or better information than the other party--such as moral hazard or adverse selection, can cause inefficiency, overinvestment, or poverty traps. Unfortunately, they are difficult to identify in practice. This working...
Persistent link: https://www.econbiz.de/10005162675
Cover Image
Corporate and Household Debt Distress in Latvia; Strengthening the Incentives for a Market-Based Approach to Debt Resolution
Saxegaard, Magnus; Erbenova, Michaela; Liu, Yan - International Monetary Fund (IMF) - 2011
further steps are needed to speed up bankruptcy procedures and reduce credit enforcement costs. Latvia’s experience with …
Persistent link: https://www.econbiz.de/10009019565