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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 existence of relational compared to arm's length lending. In this paper we seek evidence for these hypotheses taking...
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"Alors que les innovations financières, les subprimes et l'économie de casino sont brandies par la classe politique comme les seuls éléments caractéristiques à l'origine d'une crise du capitalisme en ce début du XXIe siècle, cet ouvrage s'interroge sur l'existence de changements d'une...
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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 paper we seek evidence for the-se hypotheses taking...
Persistent link: https://www.econbiz.de/10010425216