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Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...
Persistent link: https://www.econbiz.de/10009311507
This paper introduces a large-scale administrative panel data set on corporate bankruptcy in Germany that allows for an econometric analysis of involuntary exits where previous studies mixed voluntary and involuntary exits. Approximately 83 percent of all bankruptcies occur in plants with no...
Persistent link: https://www.econbiz.de/10010351870
To assess to what extent collective job displacements can be regarded as unanticipated exogenous shocks for affected employees, we analyze plant-level employment patterns before bankruptcy, plant closure without bankruptcy, and mass layoff. Utilizing administrative data covering all West German...
Persistent link: https://www.econbiz.de/10011523595
Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...
Persistent link: https://www.econbiz.de/10013121748
This article analyzes the development of employment levels and worker flows before bankruptcies, plant closure without bankruptcies and mass layoffs. Utilizing administrative plant-level data for Germany, we find no systematic employment reductions prior to mass layoffs, a strong and...
Persistent link: https://www.econbiz.de/10011978249
Persistent link: https://www.econbiz.de/10012512298
An evaluation problem exists when winding up executory contracts in case of insolvency. The trustee has difficulties in …Bei der Abwicklung schwebender Verträge in der Insolvenz gibt es ein Bewertungsproblem. Der Insolvenzverwalter hat bei …
Persistent link: https://www.econbiz.de/10010526693
• The exit consent technique refers to an offer by a bond issuer to all the bondholders to exchange the existing bonds … District Court for the Southern District of New York held that the relevant exit consent in each case violated Section 316(b … payment terms.• In Assenagon, the UK High Court held that the exit consent arrangement in that case was unlawful because it …
Persistent link: https://www.econbiz.de/10012963092
An evaluation problem exists when winding up executory contracts in case of insolvency. The trustee has difficulties in …
Persistent link: https://www.econbiz.de/10012969880
Of the large, public companies that seek to remain in business through bankruptcy reorganization, only 70% succeed. The assets of the other 30% are absorbed into other businesses. Success is important both because it is efficient and it preserves jobs, communities, supplier and customer...
Persistent link: https://www.econbiz.de/10013047900