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Court-supervised Restructuring: Pre-bankruptcy Dynamics, Debt Structure and Debt Rescheduling
LEYMAN, B.; SCHOORS, K.; COUSSEMENT, P. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2008
contributions in the running up to bankruptcy-reorganization. First, small firms accumulate overdue taxes and social contributions …, pushing the government administration in the unintended role of lender of last resort during the pre-bankruptcy period. Second … during the pre-bankruptcy period very well. Our findings suggest that pre-bankruptcy dynamics strongly affect the debt …
Persistent link: https://www.econbiz.de/10004983097
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The Role of Firm Viability, Creditor Behavior and Judicial Discretion in the Failure of Distressed Firms under Courtsupervised Restructuring: Evidence from Belgium
LEYMAN, B.; SCHOORS, K.; COUSSEMENT, P. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2008
bankruptcy-liquidation during this post-confirmation stage. More profitable debtors are less likely to fail. If banks are secured …
Persistent link: https://www.econbiz.de/10004983100
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Le gouvernement de l'entreprise défaillante: étude de trente plans de continuation
Pochet, Christine - In: Revue Finance Contrôle Stratégie 4 (2001) 2, pp. 149-181
What kind of modifications does bankruptcy induce on corporate governance in the French context? This issue is … addressed using a conceptual framework that links together the bankruptcy process, institutional factors and the firm …
Persistent link: https://www.econbiz.de/10005604404
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The unavoidable persistence of forum shopping in the Insolvency Regulation
Mucciarelli, Federico M. - Dipartimento di Economia "Marco Biagi", Università … - 2013
One of the goals of the EU Insolvency Regulation, confirmed by recent reform proposals developed by the European Parliament and the Commission, is to limit forum shopping. The real world, however, looks quite different, as insolvency forum shopping is increasingly common in the EU. As is well...
Persistent link: https://www.econbiz.de/10010640752
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Ein neues Bankinsolvenzrecht für die Schweiz
Birchler, Urs W.; Egli, Dominik - In: Swiss Journal of Economics and Statistics (SJES) 139 (2003) II, pp. 125-154
In Switzerland, new bank insolvency legislation is under consideration. The article compares the proposed regulation with the rules that would be optimal from an economic point of view. Optimal rules are a compromise between value maximization and absolute priority on the one hand (ex post...
Persistent link: https://www.econbiz.de/10005580997
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German experience with reorganization in the frame of insolvency proceeding
Kupec, Olga - In: Ekonomika a managment 2011 (2011) 3, pp. 13-32
replaced former bankruptcy code and compensation code. The pattern was set by American Chapter 11 US Bankruptcy codes. One of …
Persistent link: https://www.econbiz.de/10009398905
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Judicial reorganization – solution for crisis periods
UHER, Marina; NAGY, Cristina Mihaela - In: Anale. Seria Stiinte Economice. Timisoara XVIII (2012) May, pp. 420-424
Currently in the Romanian economic landscape the insolvency phenomenon began to be increasingly better known to the business community first through the impact on business partners from different areas of the industry, and then through the personal experience. For creditors supporting a...
Persistent link: https://www.econbiz.de/10010641593
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Structural adjustment in the United States steel industry: a north- South perspective.
Jones, K - International Labour Organization (ILO), United Nations - 1987
Persistent link: https://www.econbiz.de/10010967004
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The Democratization of Credit and the Rise in Consumer Bankruptcies
Livshits, Igor; MacGee, James; Tertilt, Michèle - Abteilung für Volkswirtschaftslehre, Universität Mannheim - 2014
Financial innovations are a common explanation for the rise in credit card debt and bankruptcies. To evaluate this story, we develop a simple model that incorporates two key frictions: asymmetric information about borrowers’ risk of default and a fixed cost of developing each contract lenders...
Persistent link: https://www.econbiz.de/10010986693
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Forecasting Financial Failure of Firms via Genetic Algorithms
Acosta-González, Eduardo; Fernández-Rodríguez, Fernando - In: Computational Economics 43 (2014) 2, pp. 133-157
Given a wide amount of possible ratios available for constructing a LOGIT model for forecasting bankruptcy, this paper …
Persistent link: https://www.econbiz.de/10010989256