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White, Michelle J. - In: Handbook of law and economics : volume 2, (pp. 1013-1072). 2007

Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve … their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient … corporate bankruptcy is to reduce the cost of default by having a government-sponsored procedure that resolves all debts …

Persistent link: https://www.econbiz.de/10014023496

Secured and unsecured debt in creditor-friendly bankruptcy

François, Pascal; Naqvi, Hassan - In: The journal of corporate finance : contracting, … 80 (2023), pp. 1-18

Persistent link: https://www.econbiz.de/10014365661

Does the deleveraging policy increase the risk of corporate debt default : evidence from China

Chen, Kejing; Guo, Wenqi; Kang, Yanling; Wang, Jing - In: Emerging markets, finance & trade : a journal of the … 58 (2022) 3, pp. 601-613

Persistent link: https://www.econbiz.de/10012821586

How do banks resolve firms' financial distress? : evidence from Japan

Goto, Naohisa; Uchida, Konari - In: Review of quantitative finance and accounting 38 (2012) 4, pp. 455-478

Persistent link: https://www.econbiz.de/10009574063

Financial distress, refinancing, and debt structure

Dudley, Evan - 2018

We examine changes in debt structure when firms experience financial distress. At these points in time, firms refinance and undergo substantial changes in priority structure. Specifically, we find that firms di- versify their priority structure relative to its pre-distress composition. We show,...

Persistent link: https://www.econbiz.de/10012936867

Firm indebtedness, deleveraging, and exit : the experience of slovenia during the financial crisis : 2008-2014

Banerjee, Biswajit; Ćirjaković, Jelena - In: Eastern European economics : EEE 59 (2021) 6, pp. 537-570

Persistent link: https://www.econbiz.de/10012695471

Levered employees

Pinto, Roberto - In: Three essays in corporate finance and banking, (pp. 1-74). 2018

Persistent link: https://www.econbiz.de/10012196014

Will COVID-19 cause insolvencies, zombification or debt deleveraging?

Demary, Markus - In: IW-Kurzberichte (2021) 3

The COVID-19 pandemic has worsened the financial positions of many companies. For the next months, a wave of insolvencies, a zombification caused by rescue measures or a debt deleveraging are on the table. Which of the three scenarios will dominate, depends, however, on the efficiency of...

Persistent link: https://www.econbiz.de/10012416870

Firm indebtedness, deleveraging and exit: the experience of Slovenia during the financial crisis, 2008-2014

Banerjee, Biswajit; Ćirjaković, Jelena - 2020

Persistent link: https://www.econbiz.de/10012439915

Impact of the COVID-19 crisis on Spanish firms' financial vulnerability

Blanco, Roberto; Mayordomo, Sergio; Menéndez, Álvaro; … - 2021

Persistent link: https://www.econbiz.de/10012666738