Showing 1 - 5 of 5
When interacting with others, individuals are often known to adjust their behavior based on the gender characteristics of the other person. Information about another person’s gender tends to influence both behavior towards that individual, as well as expectations about that individual’s...
Persistent link: https://www.econbiz.de/10013245255
Persistent link: https://www.econbiz.de/10011548615
We present strong evidence of supra-competitive pricing of debtor-in-possession (DIP) loans to large firms in Chapter 11 bankruptcy. Over-collateralized and with super-priority, strong covenants, rollups, and debtor-funded monitoring costs, these loans are almost risk-free. Nonetheless, loan...
Persistent link: https://www.econbiz.de/10012104589
Persistent link: https://www.econbiz.de/10014504928
This paper provides new evidence on the roles and strategies adopted by different types of debtor-in-possession (DIP) lenders: “loan-to-loan” (LTL) lenders — prepetition secured bank lenders providing DIP financing, and “loan-to-own” (LTO) lenders — activist investors (i.e., hedge...
Persistent link: https://www.econbiz.de/10014157129