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bankruptcy. Lawyers advise debtors on whether to file the cheaper Chapter 7 filing or the more expensive, and more likely to be … dismissed, Chapter 13 filing. We show that bankruptcy courts that allow lawyers to charge more for Chapter 13 bankruptcy filings …
Persistent link: https://www.econbiz.de/10013094145
Banks face adverse selection problem in granting loans due to asymmetric information about their debtor's financial condition which in turn causes bank to be exposed to credit risk. The Basel II accord requires banks to develop quantitative credit risk model as a base for determining their...
Persistent link: https://www.econbiz.de/10013094376
I explain the key failure mechanics of large dealer banks, and some policy implications. This is not a review of the financial crisis of 2007-2009. Systemic risk is considered only in passing. Both the financial crisis and the systemic importance of large dealer banks are nevertheless obvious...
Persistent link: https://www.econbiz.de/10013094788
Now that most chapter 11 “reorganizations” are glorified asset sales in which the debtor uses bankruptcy to prepare … itself for auction, the design of sale procedures has become a paramount concern to bankruptcy practitioners and courts … bankruptcy auctions. Yet two recent decisions hold that a bankruptcy court may cram down a plan of reorganization that denies …
Persistent link: https://www.econbiz.de/10013095158
This paper develops a specification of the credit scoring model with high discriminatory power to analyze data on loans at the retail banking market. Parametric and non- parametric approaches are employed to produce three models using logistic regression (parametric) and one model using...
Persistent link: https://www.econbiz.de/10013095290
Using the recent events at AIG as a case‐study, the paper tests the efficacy of the framework of contemporary corporate governance – namely, the monitoring role assigned to the boards of public corporations and an emphasis on director independence. The article refers to statutory filings,...
Persistent link: https://www.econbiz.de/10013095808
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