Search Results - subject:"Bankruptcy"

Insolvency regimes, zombie firms and capital reallocation

McGowan, Muge Adalet; Andrews, Dan; Millot, Valentine - 2017

The credit card debt puzzle : the role of preferences, credit risk, and financial literacy

Gorbachev, Olga; Luengo-Prado, Maria José - 2016 - This version: July 7, 2016

We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why consumers simultaneously co-hold high-interest credit card debt and lowinterest assets that could be used to pay down this debt. This dataset contains unique information on...

Can asset reconstruction companies (ARCs) be part solution to the Indian debt problem?

Bhagwati, Jaimini; Khan, M. Shuheb; Bogathi, … - 2017

The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...

EBITDA vs. cash flows in bankruptcy prediction on the Polish capital market

Jacek, Welc - In: European financial and accounting journal : EFAJ 12 (2017) 2, pp. 91-103

One of the elements of company’s evaluation is an analysis of bankruptcy risk metrics. In this study, the accuracy of … bankruptcy predictions generated by EBITDA-based and cash flow-based liabilities-coverage ratios is evaluated within a sample of … data from the Polish market. The study is based on a sample of 92 companies, in which case a bankruptcy filing was …

Equilibrium theory of banks' capital structure

Gale, Douglas; Gottardi, Piero - 2017

balance the benefits of the provision of liquidity services by bank deposits with the costs of bankruptcy. The risk in the …

Liability games

Csóka, Péter; Herings, Peter Jean-Jacques - 2017

The impacts of losing health insurance

Argys, Laura M.; Friedson, Andrew; Pitts, M. Melinda; … - 2017

of increases in the amount and share of delinquent debt (90 days past due or more) and of increases in bankruptcy risk …

Bad credit, no problem? : credit and labor market consequences of bad credit reports

Dobbie, Will; Goldsmith-Pinkham, Paul; Mahoney, Neale; … - 2017 - Revised May 2017

Chapter 13 filers, whose personal bankruptcy flags are removed from credit reports after seven years, to changes for Chapter 7 … filers, whose personal bankruptcy flags are removed from credit reports after ten years. Using credit bureau data, we show … that the removal of a Chapter 13 bankruptcy flag leads to a large increase in credit limits and economically significant …

Flexible prices and leverage

D'Acunto, Francesco; Liu, Ryan; Pflueger, Carolin; … - 2017

The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...

Voting rules in bankruptcy law

Stef, Nicolae - In: Review of law and economics : publ. in cooperation with … 13 (2017) 1, pp. 1-39