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Corporate Financial Distress and Bankruptcy: A Survey
Senbet, Lemma W.; Wang, Tracy Yue - In: Foundations and Trends(R) in Finance 5 (2012) 4, pp. 243-335
This survey provides a synthetic and evaluative survey of issues in corporate financial distress and bankruptcy. This area has moved into a public domain as a result of the recent global financial crisis that witnessed failures of many venerable institutions that got rescued by the government....
Persistent link: https://www.econbiz.de/10010883376
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Banks' Restructuring and Smooth Deleveraging of the Private Sector in Slovenia
Havrylchyk, Olena - Economics Department, Organisation de Coopération et … - 2013
challenge is to improve inefficient insolvency procedures that are too long and result in low recovery rates. Development of …
Persistent link: https://www.econbiz.de/10011276799
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Insolvency, Employment Protection and Corporate Restructuring: The effects of TUPE
Armour, J.; Deakin, S. - ESRC Centre for Business Research - 2001
restructurings has been criticised on the grounds that it undermines insolvency procedures and interferes with the 'rescue' process …
Persistent link: https://www.econbiz.de/10005813006
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Shareholder Primacy and the Trajectory of UK Corporate Governance
Armour, John; Deakin, Simon; Konzelmann, Suzanne J. - ESRC Centre for Business Research - 2003
insolvency and employment law, stakeholder interests are better represented, thanks to European Community influence. Moreover …
Persistent link: https://www.econbiz.de/10005687992
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Two New Measures of Bankruptcy Efficiency
Brogi, Ricardo; Santella, Paolo - SUERF - The European Money and Finance Forum
This study is aimed at developing new empirical models for evaluating the efficiency of bankruptcy legislations. The paper is divided in three parts. In the first part, we analyze from a conceptual point of view the effects on debtor firms of the lack of creditors' powers in bankruptcy. In the...
Persistent link: https://www.econbiz.de/10005702819
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Approaches to Corporate Debt Restructuring in the Wake of Financial Crises
Laryea, Thomas - International Monetary Fund (IMF) - 2010
This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector. It then draws on lessons from past crises to explain three broad approaches that have been applied to corporate debt restructurings in the...
Persistent link: https://www.econbiz.de/10010790467
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Corporate and Household Debt Distress in Latvia; Strengthening the Incentives for a Market-Based Approach to Debt Resolution
Saxegaard, Magnus; Erbenova, Michaela; Liu, Yan - International Monetary Fund (IMF) - 2011
This paper reviews Latvia’s efforts to manage the increase in debt distress resulting from the unwinding of the 2000-07 credit boom and spillovers from the global financial crisis. The authorities have designed a strategy that strengthens incentives for marked-based debt resolution by...
Persistent link: https://www.econbiz.de/10009019565
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METHODS TO PREVENT THE INSOLVENCY OF COMPANIES
HORJA, Ioana Monica; VANCEA, Smaranda - In: Academica Science Journal, Economica Series 1 (2012) 1, pp. 59-64
The insolvency of companies is a phenomenon more and more common in Romanian economy. A business is insolvent if it … anticipate the insolvency risk it can avoid insolvency. The aim and the objective of the paper is to highlight the main … strategies and methods for preventing insolvency and also their importance for a company. The financial difficulty of a company …
Persistent link: https://www.econbiz.de/10011133870
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How do Mergers and Acquisitions Affect Bondholders in Europe? Evidence on the Impact and Spillover of Governance and Legal Standards
Renneboog, Luc; Szilagyi, P.G. - Tilburg University, Center for Economic Research - 2006
This paper contributes to the comparative corporate governance literature by showing how cross-country differences in governance and legal standards affect the bondholder wealth effects of European merger and acquisitions (M&As).Using investment-grade Eurobonds, we find some remarkable...
Persistent link: https://www.econbiz.de/10011090642
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THE IMPACT OF ECONOMIC CRISES ON CHANGES IN CORPORATE GOVERNANCE
Rudolf, Stanislaw - In: Equilibrium 6 (2011) 4, pp. 7-20
Over the last 10 - 15 years significant changes took place in principal systems of corporate governance i.e. in the Anglo-Saxon and German systems. These changes were of similar or the same character. This was an effect of economic crises, mainly crises of 1997 – 1998 and 2007 – 2009. The...
Persistent link: https://www.econbiz.de/10011274802