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The Credit Default Swap Market and the Settlement of Large Defaults

Coudert, Virginie; Gex, Mathieu - Centre d'études prospectives et d'informations … - 2010

major entities’ defaults. The near-failure of AIG and the bankruptcy of Lehman Brothers in 2008 have revealed the exposure …

Persistent link: https://www.econbiz.de/10008472423

Financial Risks, Bankruptcy Probabilities, and the Investment Behaviour of Enterprises

Kirchesch, Kai - HWWA Institut für Wirtschaftsforschung - 2004

repayment obligations and thus the risk of bankruptcy. If the risk of bankruptcy enters the profit maximization of the firm, the … cover a period of 12 years. The empirical results confirm the assumption that the risk of bankruptcy is an important … decisions of enterprises, or whether bankruptcy probabilities better account for these potential financial risks. …

Persistent link: https://www.econbiz.de/10005320490

Endogenous Credit Constraints and Factor Market Rigidities: the case of Bankruptcy

Fischer, R.; Bonilla, C. - Econometric Society - 2004

We develop a simple analytical model that highlights the effect of factor rigidities and credit constraints on bankruptcies. In our model, entrepreneurs receive random shocks â€“positive or negative-- to their working capital, which is needed to pay workers before the output of the firm is...

Persistent link: https://www.econbiz.de/10005328875

Parmalat

Dobson, William D. - Bancock Institute for International Dairy Research and … - 2004

-food firms, which filed for bankruptcy protection in December 2003. After the bankruptcy, it was discovered that fraud on a …

Persistent link: https://www.econbiz.de/10005330193

Absolute priority rule violations in bankruptcy

Longhofer, Stanley D.; Carlstrom, Charles T. - In: Economic Review (1995) Q IV, pp. 21-30

specific contracting problem with which a firm and its creditors are faced, and that as a result, an optimal bankruptcy …

Persistent link: https://www.econbiz.de/10005360742

Personal bankruptcy: theory and evidence

Kowalewski, K.J. - In: Economic Review (1982) Spr, pp. 1-29

An evaluation of the impact of the new bankruptcy code, effective in 1979, on the number of personal bankruptcy filings …

Persistent link: https://www.econbiz.de/10005360748

The buck stops where? The role of limited liability in economics

Noe, Thomas H.; Smith, Stephen D. - In: Economic Review (1997) Q 1, pp. 46-56

Over the last few centuries laws have increasingly protected individuals and corporations from liability resulting from bad economic outcomes. This evolution in liability provisions, by many accounts, has significantly influenced both the level and distribution of contemporary economic output as...

Persistent link: https://www.econbiz.de/10005361036

Building the legal and regulatory framework

Walker, John L. - In: Conference Series ; [Proceedings] 44 (2000) Jun, pp. 31-88

Persistent link: https://www.econbiz.de/10005361244

The changing nature of debt and equity; a legal perspective

Normandin, Charles P. - In: Conference Series ; [Proceedings] 33 (1989), pp. 49-79

Persistent link: https://www.econbiz.de/10005361263

Is the personal bankruptcy system bankrupt?

Mester, Loretta - In: Business Review (2002) Q1, pp. 31-44

bankruptcy to evaluate the rationale for reforming the system and the effectiveness of proposed changes. ; Also issued as Payment …

Persistent link: https://www.econbiz.de/10005361438