Showing 1 - 10 of 64,499
Persistent link: https://www.econbiz.de/10003499820
Persistent link: https://www.econbiz.de/10013166569
Sovereign bonds are actively traded in secondary markets and held by a broad community of creditors. The current …, the challenges posed by “quasi-sovereign creditors” are yet to be carefully addressed. This term is used to describe … question whether, in a debt restructuring, quasi-sovereign creditors should be treated equally to other bondholders or should …
Persistent link: https://www.econbiz.de/10013049929
Persistent link: https://www.econbiz.de/10003752932
Creditors, though, are not regarded as the members of a company, yet the role they play in maintaining a company cannot … virtue of lending money by the creditors to the company, the company becomes debtor to the creditor and hence is under an … obligation to take proper care of the interest of the creditors. Previously, there were no such enactments that provide relief to …
Persistent link: https://www.econbiz.de/10013073091
ceases to exist? Or should the trustee disburse these funds to the debtor's creditors according to the Chapter 13 plan? This … construction favor distributing any funds held by the trustee at dismissal to the debtor's creditors …
Persistent link: https://www.econbiz.de/10012843117
I examine the effect of credit default swaps (CDSs) on the restructuring of distressed firms. Theoretically, I show that if bondholders are insured with CDSs, the participation rate in a restructuring decreases. Using a sample of distressed exchange offers, I estimate that the participation rate...
Persistent link: https://www.econbiz.de/10010191943
Persistent link: https://www.econbiz.de/10011684704
I study the relation between internal governance and creditor governance. A deterioration in creditor governance may increase the agency costs of debt and managerial opportunism at the expense of shareholders. I exploit the introduction of credit default swaps (CDS) as a negative shock to...
Persistent link: https://www.econbiz.de/10011597199
short-sell a borrower’s securities and creditor self-dealing. Creditors can act opportunistically because legal doctrines …
Persistent link: https://www.econbiz.de/10014192204