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Courts and sovereign eurobonds: Credibility of the judicial enforcement of repayment

Hallak, Issam - Center for Financial Studies - 2003

While focusing on the protection of distressed sovereigns, the current debate intended to reform the International Financial Architecture has hardly addressed the protection of creditors rights that varies among laws. I suspect however that this constitutes an essential determinant of the...

Persistent link: https://www.econbiz.de/10010958688

Stakeholder capitalism, corporate governance and firm value

Allen, Franklin; Carletti, Elena; Marquez, Robert - Center for Financial Studies - 2007

We consider the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher prices, lower output, and can have greater firm value...

Persistent link: https://www.econbiz.de/10010958691

The river sharing problem: A review of the technical literature for policy economists

Beard, Rodney - Volkswirtschaftliche Fakultät, … - 2011

over-allocated. Demand for water exceeds the available supply. Essentially, the water economy is bankrupt. Bankruptcy … of the paper is that the connection between the bankruptcy literature, which has recently also realized the importance of …

Persistent link: https://www.econbiz.de/10009353530

Coordinated failure? a cross-country bank failure prediction model

Santoso, Wimboh; Montgomery, Heather; Besar, Dwityapoetra; … - Volkswirtschaftliche Fakultät, … - 2005

This paper empirically investigates the causes of bank failures in Japan and Indonesia. Using logistic regression analysis of financial ratios, we explore the usefulness of domestic bank failure prediction models with a cross-country model that allows for cross-correlation of the error terms....

Persistent link: https://www.econbiz.de/10009278271

The financial leverage of Insurers subject to price regulation: evidence from Canada

Strauss, Jason David - Volkswirtschaftliche Fakultät, … - 2008

The variation in the degree of price regulation in the property-liability insurance market in Canada varies across time and space, creating an opportunity to test a recurring theory in regulatory economics: that price regulated firms have higher levels of financial leverage. Using an...

Persistent link: https://www.econbiz.de/10005837467

Price Regulation, Market Exit, and Financial Leverage of Canadian Property-Liability Insurers

Strauss, Jason - Volkswirtschaftliche Fakultät, … - 2007

regulators. Prior research suggests that firms increase their financial leverage, and thus their probability of bankruptcy and … expected bankruptcy costs, in order to mitigate the severity of binding price ceilings. Although financial leverage can be … insurers as well as the probability of bankruptcy, the non-selection probability. …

Persistent link: https://www.econbiz.de/10005837519

Courts and Sovereign Eurobonds: Credibility of the Judicial Enforcement of Repayment

Hallak, Issam - Center for Financial Studies - 2003

Persistent link: https://www.econbiz.de/10005176444

Modeling Bankruptcy Prediction for Non-Financial Firms: The Case of Pakistan

Abbas, Qaiser; Rashid, Abdul - Volkswirtschaftliche Fakultät, … - 2011

This paper aims to identify the financial ratios that are most significant in bankruptcy prediction for the non … examined for a five-year period prior bankruptcy. The discriminant analysis produced a parsimonious model of three variables …

Persistent link: https://www.econbiz.de/10008805859

Early warning mechanism of bankruptcy for investment companies

Staszkiewicz, Piotr W. - Volkswirtschaftliche Fakultät, … - 2013

The entire market of Polish financial broker-dealer was examined. The research was conducted on the first year of implementation of the capital requirements disclosure. There was identified a relation between accounting and supervisory disclosure requirements. A relation between audit opinions...

Persistent link: https://www.econbiz.de/10011108192

Corporate Bankruptcies in Czech Republic, Slovakia, Croatia and Serbia

Janda, Karel; Rakicova, Anna - Volkswirtschaftliche Fakultät, … - 2014

bankruptcy proceeding in these countries are outlined. …

Persistent link: https://www.econbiz.de/10011108279