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No Exit? Withdrawal Rights and the Law of Corporate Reorganizations

Baird, Douglas G. - 2013

Bankruptcy scholarship is largely a debate about the comparative merits of a mandatory regime on one hand and bankruptcy by free design on the other. By the standard account, the current law of corporate reorganization is mandatory. Various rules that cannot be avoided ensure that investors'...

Persistent link: https://www.econbiz.de/10013091784

Factors Affecting Survival, Closure and M&A Exit for Small Businesses

Coleman, Susan - 2013

We examine new firms created in 2004 and track their business status in the following four years using the Kauffman Firm Survey data. For firms that exited the sample during the 2004-2008 period, we distinguish between voluntary firm closure in the form of merger or acquisition and compulsory...

Persistent link: https://www.econbiz.de/10013093817

Profit-Increasing Consumer Exit

Pazgal, Amit - 2013

This paper examines the phenomenon of profit-increasing consumer exit and the related phenomenon of profit-decreasing consumer entry. We demonstrate that firms can be better off in shrinking markets and worse off in growing markets, even in the absence of competitive entry or exit. Specifically,...

Persistent link: https://www.econbiz.de/10013072570

Financial Distress and Firm Exit : Determinants of Involuntary Exits, Voluntary Liquidations and Restructuring Exits

Balcaen, Sofie - 2009

efficiency of voluntary liquidation, compared to acquisition and merger, on the type of exit. It appears essential to examine the … process. In the second stage, and provided that exit is voluntary, voluntary liquidation is compared to restructuring exit … (acquisition, merger or split). In this stage, a higher relative efficiency of voluntary liquidation compared to a restructuring …

Persistent link: https://www.econbiz.de/10013158241

Exiting from QE

Hayashi, Fumio - 2014

We develop a regime-switching SVAR (structural vector autoregression) in which the monetary policy regime, chosen by the central bank responding to economic conditions, is endogenous and observable. There are two regimes, one of which is QE (quantitative easing). The model can incorporate the...

Persistent link: https://www.econbiz.de/10013057827

Public cash and modes of firm exit

Cepec, Jaka; Grajzl, Peter; Mörec, Barbara - In: Journal of evolutionary economics 32 (2022) 1, pp. 247-298

Persistent link: https://www.econbiz.de/10013168089

Multinationals and Plant Exit : Evidence from Chile

Alvarez, Roberto; Görg, Holger - 2021

This paper examines the link between multinational enterprises and plant exit in Chile. We investigate three main questions: are affiliates of foreign multinationals more likely to exit than domestic firms? Does the exit probability of multinationals depend on its export orientation?, and Does...

Persistent link: https://www.econbiz.de/10013318494

Unions, Works Councils and Plant Closings in Germany

Addison, John T.; Bellmann, Lutz; Kölling, Arnd - 2021

This paper present paper provides the first results for Germany on the impact of works councils and collective agreements on plant closings, using data from the IAB establishment panel. We find evidence of a robust positive association between works council presence and plant closures. The...

Persistent link: https://www.econbiz.de/10013320569

Divesting Under Pressure : U.S. Firms' Exit in Response to Russia's War Against Ukraine

Balyuk, Tetyana; Fedyk, Anastassia - 2022

We explore the determinants and consequences of U.S. corporations limiting their business operations in Russia in the immediate aftermath of the 2022 Russian invasion of Ukraine. Firms with Russian exposure experience slightly worse stock market returns when the invasion begins on February 24,...

Persistent link: https://www.econbiz.de/10013406603

Unpacking new firm exit

Saridakis, George; Frankish, Julian; Storey, David J. - In: British journal of management 33 (2022) 4, pp. 1843-1863

Persistent link: https://www.econbiz.de/10013463547