Showing 1 - 10 of 11
The evolutions of the bankruptcy law seek to reach many aims: economic safety, firms' creation and expansion in a …, and prolongation of the activity of viable firms. This contribution examines the French insolvency law and its … ability to protect creditors' interest of the bankruptcy law. We show that far from being only one means of selection thanks …
Persistent link: https://www.econbiz.de/10008789513
The author raises the problem of Russia's government debt and provides solutions for repayment. The situation requires constant monitoring. There is a need to change government debt management policy, to stricken procedures of public financial management, to use loans for manufacture and social...
Persistent link: https://www.econbiz.de/10010899193
the railways with other modes of transportation. A key piece of the legislation implemented in response to this policy, is … the Railway Safety Directive. This legislation recognises that it is not just technical and procedural harmonisation that …
Persistent link: https://www.econbiz.de/10008789365
The aim of this paper is to analyze the impact of the existence of mutual firms on the behavior of insurance companies and more precisely to study in which situations an insurance company can enter a market controlled by mutual arrangements. Our approach differs from the existing literature as...
Persistent link: https://www.econbiz.de/10008794170
lower credit risk than conventional banks. In terms of insolvency risk, small Islamic banks also appear more stable …
Persistent link: https://www.econbiz.de/10010899528
We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in … 1998. We find that regional political characteristics affected judicial decisions about the numbers and types of bankruptcy … procedures initiated after the law took effect. In particular, controlling for indicators of firms' insolvency and the quality of …
Persistent link: https://www.econbiz.de/10010739036
defaults and bankruptcy. Building on a simple model for the joint determination of the repayments of interbank claims, this …
Persistent link: https://www.econbiz.de/10010739081
We analyze the effect of the degree of judicial enforcement on the probability of credit constraints, the amount of loan and the probability of default. Contrary to the traditional view on judicial efficiency of credit market, our estimation results show that better judicial enforcement...
Persistent link: https://www.econbiz.de/10008792424
Using data from financial reorganization plans filed by insolvent Canadian firms, we estimate the discount rate implicit in theunsecured creditors' reorganization decision. Using (HARA) utility functions, we find the implicit monthly discount rate of creditors to be 4.9%, which corresponds to an...
Persistent link: https://www.econbiz.de/10010552082
This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical … the impact of bankruptcy law on national economic performance cannot be deducted a priori from a simple description of the … that an empirical assessment of bankruptcy must start with a better understanding of what determines the proportions of …
Persistent link: https://www.econbiz.de/10010930170