Showing 11 - 20 of 45,308
When a firm encounters financial distress, there is a significant possibility that, at some point, the firm itself should be shut down and its assets put to a better use. But Chapter 11 and indeed all market-mimicking reorganization regimes other than a speedy auction entrust the shutdown...
Persistent link: https://www.econbiz.de/10014129795
InInsolvency Timing as an Agency Problem -- Financial Distress and Insolvency Timing.- Managerial Insolvency Timing …Frederik Drescher addresses the timing of non-mandatory insolvency filings based on threatening illiquidity (§ 18 InsO … author develops the hypothesis of a tendency towards delayed insolvency filings and confirms it experimentally. Moreover, he …
Persistent link: https://www.econbiz.de/10014016986
Persistent link: https://www.econbiz.de/10010193716
This note considers the role debt-equity conversions and NPL securitization can play in addressing excessive corporate debt in China, and the corresponding burden on banks of impaired assets. It finds that such techniques can play a role, but getting their design right is critical, as is nesting...
Persistent link: https://www.econbiz.de/10011552683
Persistent link: https://www.econbiz.de/10010496503
Cyclicality in the losses of bank loans is important for bank risk management. Because loans have a different risk profile than bonds, evidence of cyclicality in bond losses need not apply to loans. Based on unique data we show that the default rate and loss given default of bank loans share a...
Persistent link: https://www.econbiz.de/10010515860
Persistent link: https://www.econbiz.de/10011342888
Persistent link: https://www.econbiz.de/10011346969
Persistent link: https://www.econbiz.de/10011348413