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Asset Fire Sales and Credit Easing
Shleifer, Andrei - 2010
credit easing, defined as a combination of lending to financial institutions, providing liquidity directly to key credit …
Persistent link: https://www.econbiz.de/10013149345
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Costs of financial distress, delayed calls of convertible bonds, and the role of investment banks
Jaffee, Dwight M.; Shleifer, Andrei - 1988
Persistent link: https://www.econbiz.de/10000753893
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Costs of financial distress, delayed calls of convertible bonds, and the role of investment banks
Jaffee, Dwight M.
Persistent link: https://www.econbiz.de/10001274010
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Costs Of Financial Distress, Delayed Calls Of Convertible Bonds, And The Role Of Investment Banks
Jaffee, Dwight - 1988
In a frictionless market with perfect information, a shareholder-wealth- maximizing firm should force conversion of its convertible bond issue into stock as soon as the bond comes in-the-money. Firms however appear to systematically delay forced conversion, sometimes for years, beyond this time....
Persistent link: https://www.econbiz.de/10012476509
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Costs of Financial Distress, Delayed Calls of Convertible Bonds, and the Role of Investment Banks
Shleifer, Andrei - 2010
In a frictionless market with perfect information, a shareholder-wealth- maximizing firm should force conversion of its convertible bond issue into stock as soon as the bond comes in-the-money. Firms however appear to systematically delay forced conversion, sometimes for years, beyond this time....
Persistent link: https://www.econbiz.de/10012760209
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Liquidation values and debt capacity : a market equilibrium approach
Shleifer, Andrei - In: The journal of finance : the journal of the American … 47 (1992) 4, pp. 1343-1366
Persistent link: https://www.econbiz.de/10001133692
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A Model of Shadow Banking
Gennaioli, Nicola - 2012
liquidity dry-ups when investors ignore tail risks …
Persistent link: https://www.econbiz.de/10013106906
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Unstable Banking
Shleifer, Andrei - 2009
We propose a theory of financial intermediaries operating in markets influenced by investor sentiment. In our model …. Banks maximize profits, and there are no conflicts of interest between bank shareholders and creditors. The theory explains …
Persistent link: https://www.econbiz.de/10013160211
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Debt enforcement around the world
Djankov, Simeon; Hart, Oliver D.; McLiesh, Caralee; … - In: Journal of political economy 116 (2008) 6, pp. 1105-1149
Persistent link: https://www.econbiz.de/10003803395
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Asset fire sales and credit easing
Shleifer, Andrei; Vishny, Robert W. - In: The American economic review 100 (2010) 2, pp. 46-50
Persistent link: https://www.econbiz.de/10008746420