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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
thereafter. This, and similar results using the likelihood of reentering bankruptcy, suggest that there may be an optimal time in … results have implications for the reform and design of bankruptcy systems. …
Persistent link: https://www.econbiz.de/10005721141
In this paper, I construct a model of an exchange economy in which bankruptcy arises in a manner similar to what we … highlight some welfare effects of bankruptcy. …
Persistent link: https://www.econbiz.de/10005721205
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
This paper demonstrates the important role of job displacement in the household bankruptcy decision. I develop a … dynamic, forward-looking model of unemployment and bankruptcy where persistent negative income shocks increase a household …'s likelihood of filing for bankruptcy both immediately and in the future. Consistent with the model's predictions, I find that …
Persistent link: https://www.econbiz.de/10008498929
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