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Trade credit and the propagation of corporate failure : an empirical analysis

Jacobson, Tor; Schedvin, Erik von - 2012

We quantify the importance of trade credit chains for the propagation of corporate bankruptcies. Our results show that trade creditors (suppliers) that issue more trade credit are more exposed to trade debtor (customer) failures, both in terms of the likelihood of experiencing a debtor failure...

Persistent link: https://www.econbiz.de/10009612220

Reconciling the European registered capital regime with a modern corporate reorganization law: experience from the Czech insolvency law reform

Richter, Tomáš (contributor) - 2009

-liquidation insolvency proceedings, usually referred to as reorganization. Using the ECJ case law on the Directive, I conclude that although … capital do not present an insurmountable hurdle to the adoption of rational corporate insolvency law. As a side note, I also … unnecessary administrative burden on reorganizing European companies. -- bankruptcy ; insolvency ; reorganization ; registered …

Persistent link: https://www.econbiz.de/10003804575

Macro stress testing with sector specific bankruptcy models

Valentiny-Endrész, Marianna (contributor); … - 2008

This paper employs the methodology of Wilson (1997) on Hungarian data to conduct a macro stress test in relation to banks’ corporate loan portfolio. First, sector specific models of bankruptcy are estimated, where the bankruptcy frequency is linked to the general health of the economy. Data on...

Persistent link: https://www.econbiz.de/10003721526

Modelling bankruptcy using Hungarian firm-level data

Bauer, Péter; Edrész, Marianna - 2016

The ultimate aim of this paper is to generate micro-level risk measures, which can provide a useful input for further research. To this end, this paper estimates bankruptcy probabilities for Hungarian firms using probit estimation. The estimated models show reasonable performance in...

Persistent link: https://www.econbiz.de/10011448143

The dynamics of adjustable-rate subprime mortgage default : a structural estimation

Fang, Hanming; Kim, You Suk; Li, Wenli - 2015

We present a dynamic structural model of subprime adjustable-rate mortgage (ARM) borrowers making payment decisions taking into account possible consequences of different degrees of delinquency from their lenders. We empirically implement the model using unique data sets that contain information...

Persistent link: https://www.econbiz.de/10011499436

Moving towards a more dynamic business sector in Spain

González Pandiella, Alberto - 2014

be relieved. This would be facilitated by more efficient insolvency procedures and further development of non …

Persistent link: https://www.econbiz.de/10010464863

Bank-firm relationships and the performance of non-financial firms during the financial crisis 2008 - 09 : microeconometric evidence from large-scale firm-level data

Abildgren, Kim; Buchholst, Birgitte Vølund; Staghøj, Jonas - 2011

Utilising a unique data set with annual accounts from around 37,000 Danish non-financial firms spanning one and a half decade or so, we offer microeconometric evidence on bankfirm relationships and the performance of non-financial firms during the financial crisis 2008-09. Two major conclusions...

Persistent link: https://www.econbiz.de/10009301082

Consumer bankruptcy, mortgage default and labour supply

Li, Wenli; Meghir, Costas; Oswald, Florian - 2022

We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where individuals may file for bankruptcy or default on their mortgage. Uncertainty in the model is driven by house price shocks, education specific productivity shocks, and catastrophic...

Persistent link: https://www.econbiz.de/10013167646

Firm bankruptcies and start-up activity in Switzerland during the Corona crisis

Eckert, Florian; Mikosch, Heiner - 2021

This paper examines the incidence of firm bankruptcies and start-ups in Switzerland based on unique register data. We propose to assess the frequency of bankruptcies over time using the concept of excess mortality. During the Corona crisis in 2020 and the first half of 2021, bankruptcy rates...

Persistent link: https://www.econbiz.de/10012800604

Estimating firms' bank-switching costs

Liaudinskas, Karolis; Grigaitė, Kristina - 2021

We explore Lithuanian credit register data and two bank closures to provide a novel estimate of firms' bank-switching costs and a novel identification of the hold-up problem. We show that when a distressed bank's closure forced firms to switch, these firms started borrowing at lower interest...

Persistent link: https://www.econbiz.de/10012544446