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Persistent link: https://www.econbiz.de/10010410156
Purpose: Over the past a few decades, there has been an increasing body of research on debt and wellbeing. However, research on the potential effect of various debt portfolios on family financial wellbeing is limited. The purpose of this study is to fill this research gap by examining the...
Persistent link: https://www.econbiz.de/10013313876
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I examine the theoretical prediction that executive inside debt results in higher recoveries in bankruptcy. Using a … unsecured debt in bankruptcy. Firms where CEOs have inside debt at the sample mean experience $0.053 greater recoveries per … dollar of debt in the event of bankruptcy relative to firms where the CEO does not have inside debt. Consistent with theory …
Persistent link: https://www.econbiz.de/10012995133
We study how forcing financially distressed consumer debtors to repay a larger fraction of debt can lead them to misreport data fraudulently. Using a plausibly exogenous policy change that required debtors to increase repayment to creditors, we document that debtors manipulated data to avoid...
Persistent link: https://www.econbiz.de/10014236487
Persistent link: https://www.econbiz.de/10014318128
Purpose: In recent decades, research on consumer debt and well-being is emerging. However, research on the potential effect of debt portfolios on family financial well-being is limited. The purpose of this study is to fill this research gap by examining the potential effect of debt portfolios on...
Persistent link: https://www.econbiz.de/10013406606
In recent decades, research on consumer debt and wellbeing is emerging. However, research on the potential effect of debt portfolios on family financial wellbeing is limited. The purpose of this study is to fill this research gap by examining the potential effect of debt portfolios on family...
Persistent link: https://www.econbiz.de/10014257269
Persistent link: https://www.econbiz.de/10000610449
"This paper solves a dynamic model of a household's decision to default on its mortgage, taking into account labor income, house price, inflation, and interest rate risk. Mortgage default is triggered by negative home equity, which results from declining house prices in a low inflation...
Persistent link: https://www.econbiz.de/10009375750