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Creditors' rights and strategic default : evidence from India

Tantri, Prasanna - In: The journal of law & economics 63 (2020) 3, pp. 411-447

Persistent link: https://www.econbiz.de/10012513609

Creditor Rights and Aggregate Factors in Loan Terms

Knyazeva, Anzhela - 2018

Weak creditor rights introduce contracting frictions and magnify conflicts of interest between borrowers and creditors. We examine the effects of creditor rights on the sensitivity of bank lending terms to aggregate relative to firm-specific information. We formulate two competing hypotheses. On...

Persistent link: https://www.econbiz.de/10012908921

Creditor Protection, Judicial Enforcement and Credit Access

Maresch, Daniela - 2015

We investigate the role of the judicial system on whether or not the firms obtain the credit they applied for, by … property rights protection), the lower the probability that the firms are credit constrained. Our results are robust to … that these variables have considerable economic impact: the probability to obtain credit is up to 40% higher in countries …

Persistent link: https://www.econbiz.de/10013018269

Creditor Control Rights and the Pricing of Corporate Loans

Arnold, Marc; Kollmann, Nicola; Tengulov, Angel - 2023

This study investigates the influence of creditor control rights on the pricing of corporate loans. We construct a novel dataset that combines hand-collected covenant violations data with individual borrowers, creditors, and loan contract information. Our data allows us to distinguish between...

Persistent link: https://www.econbiz.de/10014254754

Basel II and Creditor Protection in Company Law : The Role of Banks as Financial Intermediaries in the Protection of Third Creditors of Debtor Companies

Tarelli, Elis - 2017

What is a good and effective creditor protection system? Can a creditor protection system, understood as a variety of mechanisms employed jointly or individually to protect the interests of creditors, deliver for all creditors, or are there different systems of creditor protection needed for...

Persistent link: https://www.econbiz.de/10012954766

Competing creditor claims and loan recoverability : Evidence from anti-recharacterization laws

Kim, Yongtae; Saffar, Walid; Zhang, Janus Jian - 2021

Using the state-level adoption of anti-recharacterization laws (ARLs), this paper examines how strengthening the rights of some creditors affects other creditors’ claims. The adoption of an ARL significantly increases the rights of securitization creditors by denying bankruptcy court judges’...

Persistent link: https://www.econbiz.de/10013239844

The technical default spread

Bisetti, Emilio; Li, Kai; Yu, Jun - In: The review of financial studies 37 (2024) 11, pp. 3386-3430

Persistent link: https://www.econbiz.de/10015359480

Loss Given Default for Commercial Loans at Failed Banks

Shibut, Lynn - 2016

This paper extends what we know about loss given default (LGD) on commercial loans by studying certain types of these loans that have been excluded from previous research but that may be more representative of loans held by small and mid-sized banks. We use a newly available dataset on...

Persistent link: https://www.econbiz.de/10013002186

Is There Any Dependence between Consumer Credit Line Utilization and Default Probability on a Term Loan? Evidence from Bank-Level Data

Bergerès, Anne-Sophie - 2013

Whereas recent studies on revolving lines of credit suggest a positive relationship between exposure at default and … simultaneous analysis of credit line utilization and default probability on a personal loan. We model both financial instruments …. Individuals in the default state use their credit line 59% more than those in the non-default state, and full utilization of the …

Persistent link: https://www.econbiz.de/10013092704

Loan renegotiation and the long-term impact on total factor productivity

Sánchez Serrano, Antonio - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-20

When a loan is close to becoming non-performing, banks have stronger incentives to renegotiate it in favourable conditions for the borrower (loan forbearance) rather than for recognising and resolving the non-performing loan. At the aggregated level and looking at borrowers (non-financial...

Persistent link: https://www.econbiz.de/10014375471