Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2020
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors'' as hedged creditors have less …'s creditors and in the concentration of the firm's debt. Further, we find that firms with longer credit relationships, with higher … average collateral ratios of their debt, and financially safer firms are less affected by empty creditors. Banks that are not …