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Financial Risks, Bankruptcy Probabilities, and the Investment Behaviour of Enterprises
Kirchesch, Kai - 2004
repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the … cover a period of 12 years. The empirical results confirm the assumption that the risk of bankruptcy is an important … decisions of enterprises, or whether bankruptcy probabilities better account for these potential financial risks. …
Persistent link: https://www.econbiz.de/10010295432
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The Foster-Hart measure of riskiness for general gambles : conference paper
Riedel, Frank; Hellmann, Tobias - 2013
environments for general distributions and probability spaces, and we show that the extended measure avoids bankruptcy in …
Persistent link: https://www.econbiz.de/10010342818
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A dynamic extension of the Foster-Hart measure of riskiness
Hellmann, Tobias; Riedel, Frank - 2014
avoids bankruptcy in the long run. It is not time-consistent. …
Persistent link: https://www.econbiz.de/10010411555
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Consumer bankruptcy, mortgage default and labor supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
Persistent link: https://www.econbiz.de/10013167827
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Consumer bankruptcy, mortgage default and labour supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic … Bankruptcy policy. …
Persistent link: https://www.econbiz.de/10013167646
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Consumer bankruptcy, mortgage default and labor supply
Li, Wenli; Meghir, Costas; Oswald, Florian - 2022
Persistent link: https://www.econbiz.de/10013382213
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A Dynamic Extension of the Foster-Hart Measure of Riskiness
Hellmann, Tobias; Riedel, Frank - Institut für Mathematische Wirtschaftsforschung, … - 2014
avoids bankruptcy in the long run. It is not time-consistent. …
Persistent link: https://www.econbiz.de/10010928897
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Financial Risks, Bankruptcy Probabilities, and the Investment Behaviour of Enterprises
Kirchesch, Kai - HWWA Institut für Wirtschaftsforschung - 2004
repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the … cover a period of 12 years. The empirical results confirm the assumption that the risk of bankruptcy is an important … decisions of enterprises, or whether bankruptcy probabilities better account for these potential financial risks. …
Persistent link: https://www.econbiz.de/10010957395
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Financial Risks, Bankruptcy Probabilities, and the Investment Behaviour of Enterprises
Kirchesch, Kai - 2004
repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the … cover a period of 12 years. The empirical results confirm the assumption that the risk of bankruptcy is an important … decisions of enterprises, or whether bankruptcy probabilities better account for these potential financial risks. …
Persistent link: https://www.econbiz.de/10009442380
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Credit and self-employment
Athreya, Kartik; Akyol, Ahmet - Federal Reserve Bank of Richmond - 2009
Limited personal liability for debts has long been justified as a tool to promote entrepreneurial risk taking by providing insurance to the borrower in the event of low returns. Nonetheless, such limits erode repayment incentives, and so may increase unsecured borrowing costs. Our paper is the...
Persistent link: https://www.econbiz.de/10004965400