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, an insight into how the ownership structure of a bank affects investment decisions, performance and ultimately insolvency … risk - the focus of this paper - is crucial. Our results show revenue diversification reduces insolvency risk in banks with … the impact of the latter on insolvency risk in banks. The results also have important policy implications for regulators …
Persistent link: https://www.econbiz.de/10013128385
Several studies investigated the predictability of financial distress. With this paper, we analyse the ability of Integrated Rating model to anticipate potential corporate crisis. In particular, we study bankrupt companies of four European Countries (Czech Republic, Spain, Italy, France,...
Persistent link: https://www.econbiz.de/10012956057
, this paper focuses on the insolvency risk of European SMEs and their access to finance around pandemic. We show that SME … insolvency risk increased, on average, by around 21% during the pandemic. Finding customers and the cost of production and labor … have contributed notably to SME insolvency risk around this period. Heightened insolvency risk results in deterioration in …
Persistent link: https://www.econbiz.de/10013238147
In an attempt to match US bankruptcy law, many European countries have reformed their insolvency laws towards a regime … difference-in-differences analysis around eight insolvency reforms in 15 European countries, this paper finds a relative increase …. Overall, the results are consistent with the view that creditors may be negatively affected by insolvency law reforms oriented …
Persistent link: https://www.econbiz.de/10013244320
The Directive on Restructuring and Insolvency sets minimum standards for restructuring and certain insolvency matters … restructuring models in Europe. These options reveal different policy approaches to the regulation of restructuring and insolvency …
Persistent link: https://www.econbiz.de/10013306802
Liquidity stress constitutes an ongoing threat to financial stability in the banking sector. A bank that manages its liquidity inadequately might find itself unable to meet its payment obligations. These liquidity issues, in turn, can negatively impact the liquidity position of many other banks...
Persistent link: https://www.econbiz.de/10012867626
Banks fulfill special functions in an economy. The primary objective of a bank insolvency regime must be to preserve … these essential functions. This objective should guide the design of the legal framework for bank insolvency. The banking … supervisory authority or a designated resolution authority have a key role in the bank insolvency procedure. Their statutory …
Persistent link: https://www.econbiz.de/10013130770
This article reviews the origin and spread of the distressed debt problem in the transition region. We argue that while the crisis was triggered abroad, the current high level of distressed debt in various transition countries mainly reflects home-grown vulnerabilities. As in the West, the root...
Persistent link: https://www.econbiz.de/10013115309
provide for a uniform standard of provisions relating to cross border insolvency. It also describes the concept of bankruptcy …, insofar as it applies to corporations, and traces the history of previous attempts made to standardise insolvency laws across …
Persistent link: https://www.econbiz.de/10013082882
This paper empirically examines whether better governance necessarily reduces financial distress for banks.We have studied 49 banks among the TOP 100 European banks during the period 2006 to 2013 and performed a panel probit regression analysis on the financial distress dummy as our dependent...
Persistent link: https://www.econbiz.de/10012954970