suffered by creditors. Using German small business data, the study finds that business closure due to financial problems is … creditors. The findings suggest that creditors are better off when entrepreneurs have a clear picture of their own abilities and … shortcomings, and don’t suffer from all-too-frequent over-optimism. Consequently, creditors stand to gain from helping clients to …

Credit derivatives give creditors the possibility to transfer debt cash flow rights to other market participants while … such debt unbundling crucially hinge on shareholder bargaining power. We find that creditors buy more CDS protection when …

Credit derivatives give creditors the possibility to transfer debt cash flow rights to other market participants while … such debt unbundling crucially hinge on shareholder bargaining power. We find that creditors buy more CDS protection when …