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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021
the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on … constrained embed the empty creditor effect into their probability of default estimates of affected firms to a larger extent. So …
Persistent link: https://www.econbiz.de/10012697959
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Pre-emptive sovereign debt restructuring and holdout litigation
Anand, Kartik; Gai, Prasanna - 2018
We offer an analytical framework for studying "pre-emptive" debt exchanges. Countries can tailor a sovereign bankruptcy …
Persistent link: https://www.econbiz.de/10011874276
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Moving in and out of financial distress : evidence for newly founded service sector firms
Kaiser, Ulrich - 2001
The determinants of transitions between different states of financial distress are analyzed using two versions of Markov chain models: a multinomial logit model without random effects and a multinomial logit model capturing such unobservable factors. The empirical analysis is based on a panel...
Persistent link: https://www.econbiz.de/10013428391
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Collateral value and forbearance lending
Chen, Nan-kuang (contributor); Chu, Hsiao-lei (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001925490
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Dynamic screening with verifiable bankruptcy
Krähmer, Daniel; Strausz, Roland - 2022
bankruptcy as a verifiable event that occurs whenever the agent makes a per period loss. This leads to less stringent truth …
Persistent link: https://www.econbiz.de/10014476119
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The optimal mix of business entities : the value of partial limited liability
Kraizberg, Elli - 1989
Persistent link: https://www.econbiz.de/10000769114
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Optimal debt exchange offers
Mella-Barral, Pierre - 1995
Persistent link: https://www.econbiz.de/10000917947
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Debt valuation and marketability risk
Tychon, Pierre; Vannetelbosch, Vincent J. - 1997
Persistent link: https://www.econbiz.de/10000971340
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US real interest rates and default risk in emerging economies
Foley-Fisher, Nathan; Guimarães, Bernardo - 2009
We empirically analyse the appropriateness of indexing emerging market sovereign debt to US real interest rates. We find that policy-induced exogenous increases in US rates raise default risk in emerging market economies, as hypothesised in the theoretical literature. However, we also find...
Persistent link: https://www.econbiz.de/10003894416
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Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"
Fossen, Frank M. - 2011
entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in …
Persistent link: https://www.econbiz.de/10009008042