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What role, if any, can market discipline play in supporting macroprudential policy?

Nieto Carol, María Jesús - 2012

This paper focuses on market discipline as a necessary condition to preserve the signaling content of balance sheet indicators and market prices as macroprudential tools. It argues that market discipline enhances the information content of market prices by reflecting the expected private cost of...

Persistent link: https://www.econbiz.de/10012529572

Las reformas de la Ley concursal durante la Gran Recesión

García-Posada, Miguel; Vegas Sánchez, Raquel - 2016

acuerdos preconcursales para grandes empresas ; Traditionally, bankruptcy procedures in Spain have been lengthy and costly … processes that have nearly always (95%) resulted in the liquidation of the insolvent firm. These dysfunctions became apparent … with the large increase in bankruptcy filings during the crisis that started in 2008 and the ensuing congestion of the …

Persistent link: https://www.econbiz.de/10012530510

On financial frictions and firm market power

Casares, Miguel; Deidda, Luca G.; Galdón Sánchez, … - 2019

moral hazard and decreases with the effi ciency of fi rm liquidation following bankruptcy. …

Persistent link: https://www.econbiz.de/10012533086

METHODS OF CALCULATING THE COSTS IN THE ROMANIAN MINING ENTERPRISES

Trifoi, Ion Gigi; Dumbrava, Partenie - 2007

Determining the cost-bearers takes place according to the physical form of the production and the requirements of the calculation method. In this sense, we could choose between the synthetic calculation methods using a single expense-bearer and analytical calculation methods implying the...

Persistent link: https://www.econbiz.de/10009446004

Direct and indirect costs of rabies exposure: A retrospective study in southern California (1998-2002).

Shwiff, S.A.; Sterner, R.T.; Jay, M.T.; Parikh, S.; … - 2007

The direct and indirect costs of suspected human rabies exposure were estimated for San Luis Obispo and Santa Barbara counties, California, USA. Clinic, hospital, and county public health records (1998-2002) were examined to determine direct costs for postexposure prophylaxis (PEP), and 55 (41%)...

Persistent link: https://www.econbiz.de/10009429469

Accounting Conservatism and Debt Contracts: Efficient Liquidation and Covenant Renegotiation

Li, Jing - 2009

circumstances, especially for firms with fewer positive NPV projects and higher liquidation values. When renegotiation is costless …

Persistent link: https://www.econbiz.de/10009441096

Bankruptcy and Transaction Costs in General Financial Models

Hoelle, Matthew - 2010

researched frictions: bankruptcy and transaction costs. It is the hope that by studying financial frictions in isolation, we may …

Persistent link: https://www.econbiz.de/10009439043

Business failure prediction using decision trees

Gepp, Adrian; Kumar, Kuldeep; Bhattacharya, Sukanto - 2009

Accurate business failure prediction models would be extremely valuable to many industry sectors, particularly financial investment and lending. The potential value of such models is emphasised by the extremely costly failure of high-profile companies in the recent past. Consequently, a...

Persistent link: https://www.econbiz.de/10009441694

Development of a model to predict financial distress of companies listed on the JSE

Muller, Grant Henri - 2008

ENGLISH ABSTRACT: To date, there has been significant research completed on the topic of corporate financial distress. Two pioneering researchers in the field of predicting financial distress was Beaver in 1966 and Altman in 1968. More recent research, based on companies listed on the JSE has...

Persistent link: https://www.econbiz.de/10009442208

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