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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 … the insolvency law, like culture and history. …
Persistent link: https://www.econbiz.de/10010425216
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Busy Bankruptcy Courts and the Cost of Credit
Müller, Karsten - 2020
What are the costs of congested court systems? This paper studies the 2005 consumer bankruptcy reform, which caused the … largest recorded drop in the caseload of bankruptcy courts in the United States. The reform changed the law for individual … backlog across bankruptcy districts. Using a difference-in-differences approach, I find that lower court congestion decreases …
Persistent link: https://www.econbiz.de/10012853260
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Firm Leverage and Bankruptcy Regimes : Does Ownership of Lenders Matter?
Jose, Jibin; Borad, Abhinandan - 2022
In this paper, we ask how firms’ optimal debt structure responds to a change in the bankruptcy regime. While existing … Public Sector Banks (“PSB firms”) to the new bankruptcy environment in terms of their borrowing decisions. Our results …
Persistent link: https://www.econbiz.de/10013301190
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Personal bankruptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"
Fossen, Frank M. - 2011
A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential. - entrepreneurs who still risk losing their wealth …
Persistent link: https://www.econbiz.de/10008826701
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Quality of institutions, credit markets and bankruptcy
Hainz, Christa - 2004 - August, 2004 - draft
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
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Forbearance lending and soft budget constraints in a model of multiple heterogeneous bank financing
Schüle, Tobias (contributor) - 2006
Empirical evidence suggests that banks often engage in refinancing of intrinsically insolvent debtors instead of writing of their non-performing loans. Such forbearance lending may induce soft budget constraints for the debtors, as it diminishes their incentives to thwart default. This paper...
Persistent link: https://www.econbiz.de/10003636668
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Personal bankcuptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start"
Fossen, Frank M. - 2011
entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy …
Persistent link: https://www.econbiz.de/10009008042
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Personal bankruptcy law, wealth and entrepreneurship : theory and evidence from the introduction of a "fresh start“
Fossen, Frank M. - 2011
entrepreneurship. -- Personal bankruptcy law ; insolvency ; entrepreneurship ; fresh start …A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy …
Persistent link: https://www.econbiz.de/10009308943
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Cyclicality in losses on bank loans
Keijsers, Bart; Diris, Bart; Kole, Erik - 2015
Cyclicality in the losses of bank loans is important for bank risk management. Because loans have a different risk profile than bonds, evidence of cyclicality in bond losses need not apply to loans. Based on unique data we show that the default rate and loss given default of bank loans share a...
Persistent link: https://www.econbiz.de/10010515860
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Multiple lenders and corporate distress : evidence on debt restructuring
Brunner, Antje; Krahnen, Jan Pieter - 2006 - This version: June 2006
In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have been analyzed extensively. We address this topic empirically, relying on a unique panel data set that includes detailed credit-file information on distressed lending relationships...
Persistent link: https://www.econbiz.de/10009767665