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In this paper (letter) I discuss how blockchains potentially could affect the way credit risk is modeled, and how the improved trust and timing associated with blockchain-enabled real-time accounting could improve default prediction. To demonstrate the (quite substantial) effect the change would...
Persistent link: https://www.econbiz.de/10013208748
CEOs of large firms filing for bankruptcy are more likely to exit the executive labor market after bankruptcy and …-taking and manifest itself as lower rates of entrepreneurship and job growth, the mechanisms through which bankruptcy affects CEO … careers are not well understood. In this paper, we examine the effect of "random bankruptcy" decisions on small and medium …
Persistent link: https://www.econbiz.de/10013373824
would be bound to exit the market or even be forced into bankruptcy. The CBDC next-level model solution would eliminate the …
Persistent link: https://www.econbiz.de/10014474488
are more associated with the structure of the applicable bankruptcy laws and methods available to resolve a failed … directed first at closing institutions promptly, reforming bankruptcy statutes to admit special procedures for handling bank …
Persistent link: https://www.econbiz.de/10010292288
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011807877
In this thesis, a model of bankruptcy prediction conditional on financial statements is presented. Apart from giving a … bankruptcy prediction model implies that the rate at which two variables can substitute another holding predicted risk unchanged … connections between financial ratios and the particular outcome of bankruptcy, a model structure which determines an upper bound …
Persistent link: https://www.econbiz.de/10012143588
This article tests the modell of Brander and lewis under ertrand and Cournot competition.
Persistent link: https://www.econbiz.de/10005840866
Spendensammelnde Non-Profit-Organisationen (NPOs) verfügen verglichen mit gewinnorientierten Unternehmen ähnlicher Größe über relativ hohe finanzielle Reserven in Form eines Finanzvermögens.Deren Höhe hängt von verschiedenen Faktoren ab, die im Rahmen der vorliegenden Studie untersucht...
Persistent link: https://www.econbiz.de/10005856968
This paper develops a default-risky bond pricing model, which assumes that the default intensity is driven by a Markov chain and which accounts for default and liquidity risk. A representation of the bond price dynamics, which separates three different types of risk, was obtained. Introducing...
Persistent link: https://www.econbiz.de/10005858310
The paper investigates the determinants of trade credit and its interactions with borrowing constraints and the input combination of the firm, within an incomplete contract setting in which firms use a two-input technology and collateralised credit contracts. Assuming that the supplier is better...
Persistent link: https://www.econbiz.de/10005858766