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Conflicts in bankruptcy and the sequence of debt issues
Ravid, Simon Abraham; Sverdlove, Ronald; Bris, Arturo; … - In: Journal of financial and quantitative analysis : JFQA 50 (2015) 6, pp. 1353-1388
Persistent link: https://www.econbiz.de/10011479439
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Conflicts in Bankruptcy and the Sequence of Debt Issues
Ravid, S. Abraham - 2016
This paper investigates the optimal sequencing of debt issues. Our theoretical model suggests that once firms issue debt with one level of seniority, they may have an incentive to alternate seniorities, because of priced absolute priority rule (APR) violations. When we introduce explicit costs...
Persistent link: https://www.econbiz.de/10013001793
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The role of government in anti-social redistributive activities
Angelopoulos, Konstantinos (contributor);  … - 2005
efficiency. Specifically, while a larger size of government is bad for incentives when one ignores efficiency, the results change …, larger public sectors are bad for incentives. By contrast, when efficiency exceeds size, larger public sectors are not bad … government share in GDP; and as a measure of government efficiency, we construct an index by following the methodology of Afonso …
Persistent link: https://www.econbiz.de/10002746122
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Do foreign aid transfers distort incentives and hurt growth? : theory and evidence from 75 aid-recipient countries
Oikonomidēs, Geōrgios; Kalyvitēs, Sarantēs; … - 2004
In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent …
Persistent link: https://www.econbiz.de/10011402546
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How a bank bailout may increase systemic risk
Miller, Victoria Jo - In: International economic journal 26 (2012) 4, pp. 541-546
Persistent link: https://www.econbiz.de/10009734515
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From double diversification to efficiency and growth
Thorvaldur Gylfason - In: Comparative economic studies 59 (2017) 2, pp. 149-168
Persistent link: https://www.econbiz.de/10011785209
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An empirical test of tournament theory
Bognanno, Michael Leonard - 1990
Persistent link: https://www.econbiz.de/10000890777
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The effects of internal and external conflict on democratization incentives
Pinto, David - 2009
Persistent link: https://www.econbiz.de/10003861199
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Manuskriptstaus behindern den Wissenschaftsbetrieb : zur Möglichkeit von Einrichtungsgebühren, Autorenhonoraren und Gutachterentgelten
Meyer, Dirk - In: Wirtschaftswissenschaftliches Studium : WiSt ; … 36 (2007) 5, pp. 245-251
Persistent link: https://www.econbiz.de/10003458858
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Search, bioprospecting and biodiversity conservation
Costello, Christopher J.; Ward, Michael B. - In: Journal of environmental economics and management : … 52 (2006) 3, pp. 615-626
Persistent link: https://www.econbiz.de/10003391723