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I Will Survive. Pricing Strategies of Financially Distressed Firms
Duca, Ioana - 2018
We consider a standard result of customer market theory: if firms have stable customer relations and face financial frictions, they may keep prices relatively high on their locked-in shoppers to maintain short-term profits at the expense of future market shares in times of low demand and vice...
Persistent link: https://www.econbiz.de/10012916150
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Predicting Distress in European Banks
Betz, Frank - 2013
The paper develops an early-warning model for predicting vulnerabilities leading to distress in European banks using both bank and country-level data. As outright bank failures have been rare in Europe, the paper introduces a novel dataset that complements bankruptcies and defaults with state...
Persistent link: https://www.econbiz.de/10013074637
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Cross-Border Banking and the International Transmission of Financial Distress During the Crisis of 2007-2008
Popov, Alexander A. - 2010
We study the effect of financial distress in foreign parent banks on local SME financing in 14 central and eastern European countries during the early stages of the 2007-2008 financial crisis. We use survey data on applicant and non-applicant firms that enable us to disentangle effects driven by...
Persistent link: https://www.econbiz.de/10013143334
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Latent Fragility : Conditioning Banks' Joint Probability of Default on the Financial Cycle
Bochmann, Paul; Hiebert, Paul; Schüler, Yves S.; … - 2022
We propose the CoJPoD, a novel framework explicitly linking the cross-sectional and cyclical dimensions of systemic risk. In this framework, banking sector distress in the form of the joint probability of default of financial intermediaries (reflecting contagion from both direct and indirect...
Persistent link: https://www.econbiz.de/10013403523
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Organisational Structure as a Driver of Mergers and Acquisitions in the European Banking Sector
Lebastard, Laura - 2022
This paper studies the bilateral drivers of mergers and acquisitions (M&As) between European banks. Two findings document that banks use M&A as a device to leverage their expertise rather than to diversify. (i) Following the literature on matrimonial matching by using a binary logit model, the...
Persistent link: https://www.econbiz.de/10013405075
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Breaking the Shackles : Zombie Firms, Weak Banks and Depressed Restructuring in Europe
Andrews, Dan - 2019
insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank … strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe …
Persistent link: https://www.econbiz.de/10012892781
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Who Invests in Home Equity to Exempt Wealth from Bankruptcy?
Corradin, Stefano - 2011
Homestead exemptions to personal bankruptcy allow households to retain their home equity up to a limit determined at … the state level. Households that may experience bankruptcy thus have an incentive to bias their portfolios towards home … bankruptcy on account of unpaid medical bills. The bias is further stronger for households with mortgage finance, shorter house …
Persistent link: https://www.econbiz.de/10013126001
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Banks' Financial Distress, Lending Supply and Consumption Expenditure
Damar, H. Evren - 2014
We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data …
Persistent link: https://www.econbiz.de/10013053419
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Breaking the Shackles : Zombie Firms, Weak Banks and Depressed Restructuring in Europe
Andrews, Dan - 2022
insolvency regimes do not unduly inhibit corporate restructuring. Thus, leveraging the important complementarities between bank … strengthening efforts and insolvency regime reform would contribute to breaking the shackles on potential growth in Europe …
Persistent link: https://www.econbiz.de/10013322215
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Forbearance vs Foreclosure in a General Equilibrium Model
Barbaro, Bianca; Tirelli, Patrizio - 2021
We build a business cycle model characterized by endogenous firms dynamics, where banks may prefer debt renegotiation, i.e. non-performing exposures, to outright borrowers default. We find that debt renegotiations only do not have adverse effects in the event of financial crisis episodes, but a...
Persistent link: https://www.econbiz.de/10013239325