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Debt Restructuring in Transition
Payne, Jennifer - 2022
transformation. The first is legislative: the Corporate Insolvency and Governance Act 2020 (CIGA) introduced a number of powerful new … system for debt restructuring and insolvency more generally; (iii) a blurring of the boundary between restructuring and … insolvency; and (iv) a more complex cross-border regime. In combination these amount to a seismic shift in the UK debt …
Persistent link: https://www.econbiz.de/10013307879
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Measuring the Effectiveness of Bankruptcy Institutions : Filtering Failures in Slovenian Financial Reorganizations
Cepec, Jaka - 2018
We examine micro-level data on Slovenian court-supervised financial reorganizations in order to provide a rare empirical insight into the effectiveness of bankruptcy institutions at fulfilling their primary role: encouraging the liquidation of non-viable firms and promoting the restructuring of...
Persistent link: https://www.econbiz.de/10012918509
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How firms survive in European emerging markets : a survey
Baumöhl, Eduard; Kočenda, Evžen - 2022
We survey the empirical evidence on corporate survival and its determinants in European emerging markets. We demonstrate that (i) institutional quality is a significant preventive factor for firm survival in all sectors of the economy, which holds for small, medium and large firms alike. On the...
Persistent link: https://www.econbiz.de/10013271002
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Law and Finance in Transition Economies
Pistor, Katharina; Raiser, Martin; Gelfer, Stanislaw - 2005
This paper offers the first comprehensive analysis of legal change in the protection of shareholder and creditor rights in transition economies and its impact on the propensity of firms to raise external finance. Following La Porta et al. (1998), the paper constructs an expanded set of legal...
Persistent link: https://www.econbiz.de/10014165663
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Review of research into enterprise bankruptcy prediction in selected Central and Eastern European countries
Prusak, Błażej - In: International Journal of Financial Studies : open … 6 (2018) 3, pp. 1-28
Bulgaria and Latvia are on the other end. In the remaining countries, traditional approaches to predicting business insolvency …
Persistent link: https://www.econbiz.de/10011884198
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Transition Results and Perspectives of (Un)Healthy Credit Growth in Central, Eastern and South-Eastern Europe
Haiss, Peter R. - 2011
Since the late 1990s financial strategies for opening Eastern European markets and entry strategies of foreign banks in most CESEE countries included triggers for strong credit growth, especially in the private sector. What are the transition results on the macro level? Does this credit growth...
Persistent link: https://www.econbiz.de/10013117817
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The Effect of Bank Concentration on Entrepreneurship in Central and Eastern European Transition Countries
Bergantino, Angela Stefania - 2012
This paper sheds light on the impact of bank concentration on the entrepreneurial initiative in the Central and Eastern European transition countries over the period 2000-2007. Our investigation provides evidence of a non-monotonic relationship: bank concentration promotes entrepreneurship;...
Persistent link: https://www.econbiz.de/10013097985
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Private Credit Development and Economic Growth In Transition Economies
Bakardzhieva, Damyana - 2009
This research compares the links between the economic growth and the development of banking credit for the private sector in three transition economies. The empirical results confirm the choice of a case-by-case analytical and time series econometrical approach. Each country has its own...
Persistent link: https://www.econbiz.de/10013156628
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Trade Credit in Transition Economies : Does State Ownership Matter?
Boubaker, Sabri - 2019
We investigate the influence of residual state ownership on firm behaviors in providing and receiving trade credit by using a Vietnamese government's privatization experiment. Our robust results show that a substantial withdrawal of state capital from listed state-owned enterprises (SOEs) does...
Persistent link: https://www.econbiz.de/10012897984
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The Effects of Foreign and Government Ownership on Bank Lending Behavior During a Crisis in Central and Eastern Europe
Allen, Franklin - 2013
We examine whether foreign-owned and government-owned banks in Central and Eastern Europe reacted differently during a domestic systematic banking crisis and the global financial crisis of 2008. Our panel dataset comprises data on more than 400 banks for the period 1994-2010. Our analysis shows...
Persistent link: https://www.econbiz.de/10013079729