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Within bank activities, which is normally defined as the joint exercise of savings collection and credit supply, risk-taking is natural, as in many human activities. Among risks related to credit intermediation, credit risk assumes particular importance. It is most simply defined as the...
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We exploit the outset of a regulation seeking to improve judicial efficiency through the rearrangement of courts’ geography in Italy to provide causal evidence on the relationship between judiciary structural reforms and banks financial stability. To this end, we apply a...
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Two recent papers examine the impact of corporate bankruptcy laws on new business start-ups in 29 countries over 1990 … bankruptcy laws over the years studied. It is statistically inappropriate and inaccurate to treat bankruptcy laws as time … invariant, as in Peng et al. (2010) and Lee et al. (2010), particularly in view of the dramatic changes in bankruptcy laws over …
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This paper introduces a large-scale administrative panel data set on corporate bankruptcy in Germany that allows for an … to bankruptcy risk but confirm negative size dependence for mature plants, only. Our results corroborate hypotheses … stressing increasing capabilities and positional advantage, both predicting negative age dependence with respect to bankruptcy …
Persistent link: https://www.econbiz.de/10010351870
In this study we investigate how bankruptcy affects the market behaviour of prices of stocks on Warsaw’s Stock Exchange … bankruptcy, but also to compare the changes in predictability over time, as well as divided into different categories of …
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