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Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie phenomenon has weakened business dynamism and, as a consequence, has slowed economic growth in most economies in recent decades. In this paper, we examine the recovery and exit of...
Persistent link: https://www.econbiz.de/10014531057
The goal of this paper is to present early warning models used in the process of bankruptcy recognition that should …
Persistent link: https://www.econbiz.de/10013466302
The paper aims to investigate the effects of corporate social performance (CSP) on bankruptcy likelihood in times of … measure bankruptcy likelihood with the Altman Z score and CSP with Refinitiv ESG scores. By applying static panel data … likelihood of bankruptcy during times of economic upswing. (ii) Increasing a firm's CSP in times of economic upswing leads to a …
Persistent link: https://www.econbiz.de/10014502011
invoked by a debtor failure imposes a substantially enhanced bankruptcy risk on the creditors. The propagation mechanism is …
Persistent link: https://www.econbiz.de/10010320754
bankruptcy for qualified financial contracts (QFCs) such as derivatives and repurchase agreements, particularly those held by … systemically important major dealer banks. Under current U.S. bankruptcy law, these contracts are exempted from the automatic stay …
Persistent link: https://www.econbiz.de/10009504439
invoked by a debtor failure imposes a substantially enhanced bankruptcy risk on the creditors. The propagation mechanism is … during economic downturns. -- Trade credit ; Credit chains ; Bankruptcy ; Contagion …
Persistent link: https://www.econbiz.de/10009612220
This paper studies the presence of hedge funds in the Chapter 11 process and their effects on bankruptcy outcomes …
Persistent link: https://www.econbiz.de/10013134259
the firm's subsequent bankruptcy even after controlling for other predictors of bankruptcy. However, when both variables …
Persistent link: https://www.econbiz.de/10013117862
We exploit the staggered nature of the Italian bankruptcy law reform of 2005-2006 to disentangle the distinct causal … impact of both reorganization and liquidation procedures in bankruptcy on firms' cost of loan financing. Using a unique loan …
Persistent link: https://www.econbiz.de/10013117872
financially distressed firm? Corporate bankruptcy scholarship has contemplated this normative query against the backdrop of two … dictates that incumbent management be replaced with a court-appointed official as soon as the formal bankruptcy proceeding is … bankruptcy judges to appoint a “Monitor” to accompany the incumbent management and grants judges considerable flexibility in …
Persistent link: https://www.econbiz.de/10013120709