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Asymmetry in views of depositors and bankers can generate failures of financial intermediation in linking creditors and borrowers, and/or result in excessively high interest rates. Instead of considering asymmetry in assessment of the banks' solvency, this paper focuses on asymmetry in views as...
Persistent link: https://www.econbiz.de/10005134636
Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur's option value, even after compensating a lender for expected default losses. This non-neutrality of debt arises from an entrepreneur's unique investment opportunity, and it is shown...
Persistent link: https://www.econbiz.de/10005076954
The case of a French merger can be used to better understand the nature of conflicts of interest and cognitive …
Persistent link: https://www.econbiz.de/10005125849
„h Contrary to common perceptions, most Australian businesses survive for a considerable time ¡V for example, around two¡Vthirds of businesses are still operating after five years and almost one¡Vhalf are still operating after ten years. „h Around 7.5 per cent of businesses exit each year...
Persistent link: https://www.econbiz.de/10005125748
This paper examines the determinants of the rate of forced insolvency in New Zealand. The study incorporates two key … variety of economic experiences over the sample period (1988–2003). Second, we explain the total rate of forced insolvency in …
Persistent link: https://www.econbiz.de/10005407642
economies, this paper explores a number of regulatory reforms that would alter the balance between seeking to avoid insolvency … and lowering the costs of insolvency should it occur. In particular it considers whether a lex specialis for dealing with …
Persistent link: https://www.econbiz.de/10005134654
Die Prognose, ob ein Unternehmen fortbestehen wird oder nicht, hat weitreichende Konsequenzen für Eigentümer, Gläubiger und Arbeitnehmer der Gesellschaft. In Abhängigkeit von dem Prognoseergebnis sind das Vermögen und die Schulden in der Bilanz und in einem etwaigen Überschuldungsstatus...
Persistent link: https://www.econbiz.de/10005134691
Eine positive Fortbestehensprognose eines Unternehmens beinhaltet eine mit überwiegender Wahrscheinlichkeit erwartete nachhaltige Zahlungsfähigkeit. In dem Beitrag „Die Fortbestehensprognose – Rechtliche Anforderungen und ihre betriebswirtschaftlichen Grundlagen“ der Verfasser in WPg...
Persistent link: https://www.econbiz.de/10005561691
exchange-rate coordination may eliminate the swings of the bilateral real exchange rate between Brazil and Argentina, which is …
Persistent link: https://www.econbiz.de/10005119225