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challenge is to improve inefficient insolvency procedures that are too long and result in low recovery rates. Development of …
Persistent link: https://www.econbiz.de/10011276799
restructurings has been criticised on the grounds that it undermines insolvency procedures and interferes with the 'rescue' process …
Persistent link: https://www.econbiz.de/10005813006
This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector. It then draws on lessons from past crises to explain three broad approaches that have been applied to corporate debt restructurings in the...
Persistent link: https://www.econbiz.de/10010790467
The insolvency of companies is a phenomenon more and more common in Romanian economy. A business is insolvent if it … anticipate the insolvency risk it can avoid insolvency. The aim and the objective of the paper is to highlight the main … strategies and methods for preventing insolvency and also their importance for a company. The financial difficulty of a company …
Persistent link: https://www.econbiz.de/10011133870
This paper contributes to the comparative corporate governance literature by showing how cross-country differences in governance and legal standards affect the bondholder wealth effects of European merger and acquisitions (M&As).Using investment-grade Eurobonds, we find some remarkable...
Persistent link: https://www.econbiz.de/10011090642
Purpose – The purpose of this paper is to show that there did exist a typical “managing agency system” in pre-independent corporate India, which itself was a significant and powerful system of corporate governance. Design/methodology/approach – This is a qualitative exploration and...
Persistent link: https://www.econbiz.de/10008490607
Persistent link: https://www.econbiz.de/10004196860
Persistent link: https://www.econbiz.de/10004346959