Narrow search
Showing 1 - 10 of 3,854
Cover Image
Financing Failure : Bankruptcy Lending, Credit Market Conditions, and the Financial Crisis
Tung, Frederick - 2020
When contemplating Chapter 11, firms often need to seek financing for their continuing operations in bankruptcy. Because such financing would otherwise be hard to find, the Bankruptcy Code authorizes debtors to offer sweeteners to debtor-in-possession (DIP) lenders. These inducements can be...
Persistent link: https://www.econbiz.de/10012828010
Cover Image
Liquidity, Systemic Risk, and the Bankruptcy Treatment of Financial Contracts
Mokal, Riz - 2016
Persistent link: https://www.econbiz.de/10013002918
Cover Image
Subprime Mortgage Defaults and Credit Default Swaps
Arentsen, Eric - 2014
We offer the first empirical evidence on the adverse effect of credit default swap (CDS) coverage on subprime mortgage defaults. Using a large database of privately securitized mortgages, we find that higher defaults concentrate in mortgage pools with concurrent CDS coverage and within these...
Persistent link: https://www.econbiz.de/10013069825
Cover Image
Subprime Mortgage Defaults and Credit Default Swaps
Arentsen, Eric - 2014
This paper provides the first empirical investigation of the influence of credit default swaps (CDS) on the surge in subprime mortgage defaults, which is widely believed to be a driving force in the 2008/2009 financial crisis. In the years just before the 2008/2009 financial crisis, private...
Persistent link: https://www.econbiz.de/10013066387
Cover Image
Understanding Accounting Fraud Motivation, Protection Procedures, and Firms’ Performance : External Auditors’ Perspective
Yaqoub, M.; Hamad, S.; Alhammadi, H.; Elkelish, Walaa; … - 2023
This paper explores accounting fraud motivation, protection procedures, and the impact on firms‘ performance from the perspective of external auditors. Data were collected through semi-structured interviews with highly experienced external public auditors. This paper highlights personal and...
Persistent link: https://www.econbiz.de/10014361974
Cover Image
The failure of Northern Rock : a multi-dimensional case study
Bruni, Franco (ed.); Llewellyn, David T. (ed.) - 2009
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011705347
Cover Image
The influence of the vulnerability of sectors on their survival and probability of insolvency : the case of small and medium entities in Spain
Somoza, Antonio - In: Revista de métodos cuantitativos para la economía y … 32 (2021), pp. 148-174
sectors to insolvency on their survival and the probability that they will go bankrupt. We collected data from solvent and … in all industries, but profitability and turnover are also essential for the group with the highest levels of insolvency … contribution of this paper is the analysis of insolvency in the two dimensions of survival and probability according to the …
Persistent link: https://www.econbiz.de/10012796113
Cover Image
Accounting for financial stability: Lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012290508
Cover Image
Accounting for financial stability : lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2020
This paper examines banks' disclosures and loss recognition in the financial crisis and identifies several core issues for the link between accounting and financial stability. Our analysis suggests that, going into the financial crisis, banks' disclosures about relevant risk exposures were...
Persistent link: https://www.econbiz.de/10012241734
Cover Image
Accounting for financial stability : lessons from the financial crisis and future challenges
Bischof, Jannis; Laux, Christian; Leuz, Christian - 2018
This paper investigates what we can learn from the financial crisis about the link between accounting and financial stability. The picture that emerges ten years after the crisis is substantially different from the picture that dominated the accounting debate during and shortly after the crisis....
Persistent link: https://www.econbiz.de/10012011324