This empirical paper investigates the determinants of the arbitration taking place after a corporate default. Two ways … variables encompass the profile of the company, the origin of the default (with a specific focus on faulty management), the … tradeoff may depend on the legal environment. Hypothesis H2 suggests that, to support renegotiation, a bank needs information …

medium-sized French firms in default, focusing in particular on their decisions between bankruptcy and informal (out … renegotiation. Second, conditional on opting for renegotiation, the debtor and its creditors may succeed or fail in reaching an … whether to opt for informal renegotiation. Second, the probability of a successful renegotiation decreases when (i) the bank …

privacy. Pooling credit information across multiple lending institutions, particularly rare default events, enables the …