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The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern.  This, despite signs of improvement resulting from dramatic regulatory overhauls that followed the 1997-1998 Asian financial crisis.  Moreover, the absence of widespread...
Persistent link: https://www.econbiz.de/10015054584
The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern. This conference proceedings presents reports from each country on the trends and developments in debt and credit risk since the 1997-1998 Asian financial crisis. It also...
Persistent link: https://www.econbiz.de/10012447618
This paper explores how different reasons for business closure impact the probability that financial loss will be suffered by creditors. Using German small business data, the study finds that business closure due to financial problems is strongly correlated with a likelihood of financial loss....
Persistent link: https://www.econbiz.de/10008494185
and West Germany, I find distinct education and size effects and a higher share of bankruptcy-related liquidations in East …
Persistent link: https://www.econbiz.de/10005097747
percent of novice entrepreneurs who file for bankruptcy reestablish afterwards. On average, slightly more than 15 months will …
Persistent link: https://www.econbiz.de/10005098153
We estimate the effects of R&D on firms' credit ratings and on financial distress. The main purpose is the comparison of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on firm value proxied by ratings in Western Germany, but a...
Persistent link: https://www.econbiz.de/10005098291
during the period 1977-87. Descriptive statistics from the data are used to characterize the0501n features of the bankruptcy … process in Canada. Firms in bankruptcy or in reorganization are typically small firms; the former being significantly smaller … than the latter. The data shows that firms in bankruptcy are in significantly worse financial condition than firms in …
Persistent link: https://www.econbiz.de/10005168993
The0501n objective of the new Bankruptcy Act (Bill C-22) is to promote the use of financial reorganization in order to …, that there are several reasons to believe that encouraging firms that would otherwise have opted for bankruptcy to …
Persistent link: https://www.econbiz.de/10005168996