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Corporate investment and stock market listing : a puzzle?
Asker, John; Farre-Mensa, Joan; Ljungqvist, Alexander - In: The review of financial studies 28 (2015) 2, pp. 342-390
Persistent link: https://www.econbiz.de/10011289279
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Cross-listing, information environment, and market value : evidence from US firms that list on foreign stock exchanges
Eng, Li Li; Nabar, Sandeep; Mian, G. Mujtaba - In: Journal of international accounting research 7 (2008) 2, pp. 25-41
Persistent link: https://www.econbiz.de/10003814374
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Disclosure characteristics of annual reports and information asymmetry : evidence from foreign firms listed on the US stock exchange
Phuong Thi Thuy Nguyen; Kimura, Akihisa - In: Finance research letters 54 (2023), pp. 1-7
Persistent link: https://www.econbiz.de/10014472745
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A dialogue on the costs and benefits of automatic stays for derivatives and repurchase agreements
Duffie, Darrell; Skeel, David - 2012 - Last rev.: March 04, 2012
For nearly two years, the two of us have had a running discussion of the costs and benefits of automatic stays in bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by systemically important major dealer banks. Under current...
Persistent link: https://www.econbiz.de/10009504439
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Private Equity and the Resolution of Financial Distress
Hotchkiss, Edith S. - 2020
We examine the role private equity (PE) firms play in the resolution of financial distress using a sample of 2,151 firms that borrow in the leveraged loan market between 1997 and 2010. Controlling for leverage, PE-backed firms are no more likely to default than other leveraged loan borrowers....
Persistent link: https://www.econbiz.de/10012857451
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Are Female CEOs Associated With Lower Insolvency Risk? Evidence From the U.S. Property-Casualty Insurance Industry
Cheng, Jiang; Li, Jing - 2023
This paper investigates the relationship between female CEOs and insolvency risk of U.S. property-casualty insurance … companies. We show that female CEOs are associated with lower insurer insolvency propensity, higher z-score, and lower standard … difference-in-difference approach. Furthermore, we find that the impact of female CEOs on insurer insolvency risk is moderated by …
Persistent link: https://www.econbiz.de/10014349797
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Zombie Lending to U.S. Firms
Favara, Giovanni; Minoiu, Camelia; Perez-Orive, Ander - 2022
We provide the first empirical evidence that zombie firms---highly levered firms with weak growth prospects---are not a prominent feature of the U.S. economy and that U.S. banks do not lend to such firms. Using confidential supervisory data on firm-bank relationships during the 2014--2019...
Persistent link: https://www.econbiz.de/10013406636
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Zombie lending to U.S. firms
Favara, Giovanni; Minoiu, Camelia; Pérez, Ander - 2024
We show that U.S. banks do not engage in zombie lending to firms of deteriorating profitability, irrespective of capital levels and exposure to such firms. In contrast, unregulated financial intermediaries do, originating more and cheaper loans to these firms. We establish these results using...
Persistent link: https://www.econbiz.de/10015053781
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Creditor-on-Creditor Violence and Secured Debt Dynamics
Antill, Samuel; Wang, Neng; Jiang, Zhaoli - National Bureau of Economic Research - 2024
Secured lenders have recently demanded a new condition in distressed debt restructurings: competing secured lenders must lose priority. We model the implications of this "creditor-on-creditor violence" trend. In our dynamic model, secured lenders enjoy higher priority in default. However,...
Persistent link: https://www.econbiz.de/10015056182
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Origins of the crash : the great bubble and its undoing
Lowenstein, Roger - 2004
Persistent link: https://www.econbiz.de/10001790492