Search Results - subject:"insolvency"

Insolvency professionals as public servants : resolving the judicial dilemma

Mohan, M. P. Ram; Srivastava, Rohan - 2025

Persistent link: https://www.econbiz.de/10015437932

Lack of risk management at insolvency consulting companies : an empirical study in Germany 2024

Seehaus, Sascha Rudolf; Peráček, Tomáš - In: Administrative Sciences : open access journal 14 (2024) 8, pp. 1-27

influenced the real insolvency situation. This situation creates disruptive conditions in insolvency counselling and requires … comprehensive risk management for the strategic safeguarding of internal processes in insolvency counselling companies. Despite a … number of academic articles that address a lack of risk awareness in insolvency counselling, there have been no valid …

Persistent link: https://www.econbiz.de/10015071820

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2025 - This draft: April 2025

Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no bankruptcy mechanism and is hard to enforce. We show empirically that the two assets are more similar than you think, at least when it comes to high-yield bonds over the past 20...

Persistent link: https://www.econbiz.de/10015359865

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2025 - This draft: March 2025

Persistent link: https://www.econbiz.de/10015371898

Bank risk-taking and bank rents : revisiting the franchise value hypothesis

De Nicolò, Gianni - 2025

predicts lower bank capitalization and higher bank risk of insolvency. The franchise value hypothesis (FVH), postulating a …

Persistent link: https://www.econbiz.de/10015438649

An agency cost channel from creditor rights reforms to leverage

Banerjee, Biswajit; Herrala, Risto - 2025

The paper investigates the influence of creditor rights reforms on leverage. Based on a partial equilibrium agency cost model, we propose a novel channel running from the owner/manager's private bankruptcy costs to leverage. Such costs mitigate the firms' agency problem toward creditors, thereby...

Persistent link: https://www.econbiz.de/10015439321

The 2025 U.S. debt limit through the lens of financial markets

Benzoni, Luca; Wernick, Marisa - 2025 - This draft: May 27, 2025

We examine the 2025 U.S. debt limit episode through the lens of financial markets. First, we document an increase in trading activity in the U.S. sovereign CDS market, and we infer a probability of default from CDS premiums. We find that default risk reached 1% by the November 6 Presidential...

Persistent link: https://www.econbiz.de/10015407927

The zero lower bound on deposit rates, monetary policy and bank insolvency risk

Driussi, Lorenz - 2025 - This version: March, 2025

I develop a banking model with monopolistic competition to analyze the effect of reserve rate policy on bank insolvency …

Persistent link: https://www.econbiz.de/10015337961

ESG controversies and insolvency risk : evidence from the insurance industry

Giráldez-Puig, Pilar; Moreno, Ignacio; Perez-Calero, … - In: Management decision 63 (2025) 2, pp. 610-639

Persistent link: https://www.econbiz.de/10015197702

SMEs filing for bankruptcy in Spain : the best of luck!

Sánchez-Vidal, F. Javier; García Marí, José Horacio; … - In: Business research quarterly : BRQ 28 (2025) 1, pp. 141-163

Spanish insolvency law. This work focuses on the phase starting when companies file for bankruptcy and ending with the … completion of the common phase. We apply the agency theory to explain how insolvency administrators and court characteristics … likely to result in reorganization if they are handled by specialized courts, managed by the Big 4, and if the insolvency …

Persistent link: https://www.econbiz.de/10015372943