Showing 1 - 10 of 1,156
Persistent link: https://www.econbiz.de/10001302527
The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a firm is liquidated. Second, it loses the rent...
Persistent link: https://www.econbiz.de/10010440454
Persistent link: https://www.econbiz.de/10011747009
Persistent link: https://www.econbiz.de/10010336538
Persistent link: https://www.econbiz.de/10013358272
Persistent link: https://www.econbiz.de/10010480541
Persistent link: https://www.econbiz.de/10000990279
Persistent link: https://www.econbiz.de/10001019144
Persistent link: https://www.econbiz.de/10001702499