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 …

In addition to leverage, the debt service burden of households and firms is an important link between financial and … real developments at the aggregate level. Using US data from 1985 to 2013, we find that the debt service burden has …

). The HDC can order an immediate repayment or grant a debt suspension. Exploiting the random assignment of bankruptcy … filings to managers, we show that a debt suspension has a very significant and negative effect on the likelihood to re … the nature of their indebtedness. Our results imply that rather than focusing on a specific debt profile, above all a …

Debt can increase economic growth as it allows the households and firms to increase consumption and investment. However …, high reliance on debt adversely affects economy as it can cause debt-deflationary recession, balance sheet recession …

We model the expansion decision of a levered firm. Straight debt distorts both timing and scaling: the firm invests … less and later than its all-equity financed counterpart. The inclusion of performance sensitivity in the debt contract …-off theory of capital structure. As a result, our model rationalizes the widespread use of performance sensitive debt (PSD …

different mechanisms exist which can be used to restructure the debt of distressed companies. The purpose of this paper is to … assess the debt restructuring mechanisms currently available to companies in English law and to consider whether reform is … needed. There have been a number of calls for the reform of English debt restructuring mechanisms in recent years, most …

investment, debt usage, and firm value. During the 1930-1938 Depression era, when the corporate sector was shocked by an …) and use more debt during the 1930s. We document similar effects for the number of outside directors on the board. Finally …

This study investigates the composition of newlywed couples' debt portfolios as it affects their debt difficulty …, measured via three different financial ratios--a solvency ratio, a liquidity ratio, and a debt repayment ratio. While about 90 …% of all couples had some debt, the newlywed couples, all at the same family life cycle stage, had quite variable debt …