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International similarities of bank lending practices and varieties of insolvency laws : a comparative analysis of France and Germany

Größl, Ingrid; Levratto, Nadine - 2012

Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … use of collateral in bank loan contracts as well as the exist-ence of relational compared to arm's length lending. In this … neither confirm that a high priority for secured lenders explains an excessive use of collateral in bank loans nor that a …

Persistent link: https://www.econbiz.de/10010425216

Can Bankruptcy Codes Create Value? - Evidence from Creditors’ Recoveries in France, Germany, and the United Kingdom

Blazy, Régis - 2013

This paper provides evidence on the value creation of bankruptcy procedures that belong to different legal systems (French civil law, German civil law, and British common law). Using a sample of 900 hand-collected corporate bankruptcy files, we find that France and Germany show quite similar...

Persistent link: https://www.econbiz.de/10013090210

Can Bankruptcy Codes Create Value? Evidence from Creditors’ Recoveries in France, Germany, and the United Kingdom

Blazy, Régis - 2014

Persistent link: https://www.econbiz.de/10013052849

Financial Distress Comparison Across Three Global Regions

Platt, Harlan D. - 2012

Globalization has precipitated movement of output and employment between regions. How similar are companies in different regions following this dramatic shift in economic activity? Corporate comparisons to test global convergence could be made along numerous dimensions. We look at firms along...

Persistent link: https://www.econbiz.de/10013117031

Common Distress and Reorganization Patterns by Sector and Country for SMEs in Six European Countries using PDFR

Tascón, Maria T.; Laitinen, Erkki; Castaño, Francisco J. - 2022

This study contributes to identifying common distress patterns in financial indicators by sector and country in Finland, France, Germany, Italy, Portugal, and Spain as well as ex-post signals of reorganization success. We use PDFR that provides a distance-to-failure measure and allows us to...

Persistent link: https://www.econbiz.de/10014359216

The Rising Tension between Shareholder and Director Power in the Common Law World

Hill, Jennifer G. - 2020

This article explores the rising tension between shareholder and director power in the common law world. First the article analyzes key arguments in the shareholder empowerment debate, and current US reform proposals to grant shareholders stronger rights, from a comparative corporate law...

Persistent link: https://www.econbiz.de/10012857567

Representation of Employee’s Interest Vis-a-Vis the Employing Enterprise in the UK and Germany : Differences and Explanations

Tarelli, Elis - 2009

The questions of who should define the goals and objectives of a firm, and whether they should be defined in such a way so as to give a certain level of recognition to the well-being of other groups interested in the long-term success of the company and not only to the interests of the...

Persistent link: https://www.econbiz.de/10013156589