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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

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

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

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

Managerial Discretion, Corporate Financial Flexibility, and Investment Dynamics

Rahaman, Mohammad - 2009

In this dissertation, I try to advance our understanding of how managerial discretion and corporate financial flexibility affect various corporate outcomes such as failure, excessive (sub-optimal) continuation, firm growth and investment, in three novel ways. First, I show that the empirical...

Persistent link: https://www.econbiz.de/10009455300

Debtor-in-Possession Financing

Chatterjee, Sris; Dhillon, Upinder S.; Ramirez, Gabriel G. - 2004

Several recent papers have documented the benefits of debtor-in-possession (DIP) financing in the restructuring of firms in Chapter 11. However, the view on benefits is not unanimous and some legal scholars have raised doubts about DIP financing's effects on debt-holders and the possibility of...

Persistent link: https://www.econbiz.de/10009459019

Administration of recoveries in individual insolvency - case studies of two UK banks

Pond, Keith - 2002

Against a background of greater competition, market saturation and falling margins over the past decade UK banks have sought greater efficiencies in credit and risk assessment procedures, especially with personal lending products. In the same way they have attempted to reduce costs associated...

Persistent link: https://www.econbiz.de/10009461193