This paper examines the effects of improvement in creditors’ rights protection on firms’ financing choices and securities issuance. To address these issues, I exploit exogenous variation in creditors’ rights protection induced by the staggered adoption of anti-recharacterization laws by...

Using a cross-country quarterly firm-level dataset, we empirically examine the impact of the COVID-19 pandemic on the trade credit channel of firms. In contrast to the impact on trade credit documented during earlier crisis episodes, we find that firms with poor credit quality obtain lower...

One of the arguments often advanced for implementing a stronger insolvency and bankruptcy framework is that it enhances credit discipline among firms. Using a large cross-country firm-level dataset, we empirically test whether a stronger insolvency regime reduces firms' likelihood of defaulting...

The resilience of firms to industry-wide shocks has positive externalities in industries with systemic risk, such as banking. We study the resilience of banks to macroeconomic slowdowns in a context of lax microprudential regulations: Colombia during the 1980s. Multiple banks performed poorly...

In this paper we treat economic and legal advantages to firms in business financing through the issuance of bonds. Besides theoretical analysis paper includes the empirical analysis, a survey conducted in 50 businesses, including individual businesses and corporations, about the types of...

Using a cross-country quarterly firm-level dataset, we empirically examine the impact of the COVID-19 pandemic on the trade credit channel of firms. In contrast to the impact on trade credit documented during earlier crisis episodes, we find that firms with poor credit quality obtain lower...

The purpose of this study sought to examine the overall performance of Chin Teck Plantation Bhd with explicit risk factors and macroeconomic factor on profitability performance. The data obtained from annual report of Chin Teck Plantation Bhd. Starting from 2011-2015. The measurement of index...

The purpose of this study is to examine the overall performance of Vivocom Intl Holdings Berhad with specific risk and corporate governance variables on profitability performance. The data obtained from annual report of Vivocom Intl Holdings Berhad starting from 2011-2015. The measurement of...

In the context of continuing population growth in regional centers, one of which is the city of Rostov-on-Don, industrial enterprises of the city are becoming important as centers of job creation. The reduction in the number and volume of output of industrial enterprises in the city has...

The framework takes into account non-quantifiable decision variables and dilemmas, and uncertainties related to input data. The RISKMAN model scheme consists of process description and a range of suggested evaluation criteria as well as guidelines on how is possible to perform the evaluation. In...