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Clearinghouse Shareholders and 'No Creditor Worse off Than in Liquidation' Claims

Baker, Colleen - 2022

possibility of clearinghouse shareholders raising no creditor worse off than in liquidation claims in resolution. It argues that …

Persistent link: https://www.econbiz.de/10014078993

Failure processes of exporting firms : evidence from France

Lukason, Oliver; Vissak, Tiia - In: Review of international business and strategy 27 (2017) 3, pp. 322-334

Persistent link: https://www.econbiz.de/10011811959

Chapter 14 Bankruptcy Law

White, Michelle J. - In: Handbook of law and economics : volume 2, (pp. 1013-1072). 2007

Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient firms out of business, thereby raising the average...

Persistent link: https://www.econbiz.de/10014023496

Entrepreneur characteristics and differences in reasons for business failure : evidence from bankrupt Austrian SMEs

Mayr, Stefan; Mitter, Christine; Kücher, Alexander; … - In: Journal of small business and entrepreneurship : JSBE 33 (2021) 5, pp. 539-558

Persistent link: https://www.econbiz.de/10012623252

Debt recovery in firm liquidations : do liquidation trustees matter?

Cepec, Jaka; Grajzl, Peter; Zajc, Katarina - 2016

Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …

Persistent link: https://www.econbiz.de/10011518156

Contracting for a European Insolvency Regime

Eidenmueller, Horst - 2017

, because it rules out going concern sales for viable firms, and because it is, in essence, a twisted and truncated insolvency … the option to choose a ‘European Insolvency Regime' in their charter. This regime should be embodied in a European … by a specialised European insolvency court. This proposal would preserve horizontal regulatory competition between the …

Persistent link: https://www.econbiz.de/10012965920

Surviving the Crisis : Foreign Multinationals vs Domestic Firms in Ireland

Godart, Olivier N. - 2011

Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...

Persistent link: https://www.econbiz.de/10013121748

Surviving the crisis : foreign multinationals vs domestic firms in Ireland

Godart, Olivier N.; Görg, Holger; Hanley, Aoife - 2011

Persistent link: https://www.econbiz.de/10009311507

Economic failure and the role of plant age and size : first evidence from German administrative data

Müller, Steffen; Stegmaier, Jens - 2014

This paper introduces a large-scale administrative panel data set on corporate bankruptcy in Germany that allows for an econometric analysis of involuntary exits where previous studies mixed voluntary and involuntary exits. Approximately 83 percent of all bankruptcies occur in plants with no...

Persistent link: https://www.econbiz.de/10010351870

Plant-level employment development before collective displacements : comparing mass layoffs, plant closures, and bankruptcies

Fackler, Daniel; Müller, Steffen; Stegmaier, Jens - 2016

To assess to what extent collective job displacements can be regarded as unanticipated exogenous shocks for affected employees, we analyze plant-level employment patterns before bankruptcy, plant closure without bankruptcy, and mass layoff. Utilizing administrative data covering all West German...

Persistent link: https://www.econbiz.de/10011523595