In this paper, we construct a sample of news co-occurrences using big data technologies. We show that stocks that co-occur in news articles are less risky, bigger, and more covered by financial analysts, and economically-connected stocks are mentioned more often in the same news articles. We...

Immer mehr Menschen nehmen Kredite nicht mehr bei einer Bank oder einem Finanzdienstleister auf, sondern leihen sich über das Internet Geld von anderen Privatpersonen. Sie nutzen dazu sogenannte Internet-Kreditplattformen, die als Alternative zu traditionellen Kreditmärkten zunehmende...

The aim of this paper is twofold. On the one hand, we attempt to find out whether Spanish households took part in a process of substituting loans for wages during the period before the beginning of the current economic crisis. On the other hand, we try to identify the consequences of such...

In the wake of the Global Financial Crisis, a significant research effort has been made to better understand the links between household debt levels, financial stability risks, and the ongoing implications of the 'debt overhang' for economic growth. However, accurately measuring the household...

Seit 1999 die Insolvenzordnung eingeführt wurde, können sich Privatpersonen, die sich überschuldet haben, in einem Insolvenzverfahren entschulden. Dafür muss der private Schuldner zunächst die sechsjährige Wohlverhaltensphase durchlaufen, während derer sein Einkommen oberhalb einer...

This paper analyses debtors who applied for debt relief in the period between 1/1/2012 and 31/12/2013. As there has already been a research related to Moravian and Silesian regions in this matter, it focuses mainly on the debtors from Bohemian regions. It is therefore an analysis of a problem...

Discussions on personal bankruptcy regulations are usually focused on the controversial effects of leniency on society, economy, financial markets, entrepreneurship, and labour supply. However, the methodology of measuring leniency has been limited to one-time legislative changes or some...

When a new act on bankruptcy law entered into force on 1 January 2016, it introduced changes in the scope of personal bankruptcy. The article points to the economic aspects of legal solutions provided for in the new regulation for indebted natural persons, significant on a micro and macro scale....