Showing 1 - 10 of 10,354
Persistent link: https://www.econbiz.de/10011592795
Persistent link: https://www.econbiz.de/10011707706
Persistent link: https://www.econbiz.de/10003942525
Persistent link: https://www.econbiz.de/10009679126
Persistent link: https://www.econbiz.de/10011592799
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a firm is liquidated. Second, it loses the rent...
Persistent link: https://www.econbiz.de/10010440454
Persistent link: https://www.econbiz.de/10000894747
Persistent link: https://www.econbiz.de/10000603247
Persistent link: https://www.econbiz.de/10000148308