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Mitchell Berlin raises the question "Should Business Bankruptcy Be a One-Chapter Book?" The answer, in part, depends on … the answers to other questions: What makes more economic sense? A bankruptcy system that auctions a firm's assets and …
Persistent link: https://www.econbiz.de/10005361440
In recent years, a record number of U.S. households have declared bankruptcy. This article explores the possible causes …
Persistent link: https://www.econbiz.de/10005367968
The implications of research on bankruptcy filings after hurricanes. …
Persistent link: https://www.econbiz.de/10005368097
the bankruptcy code in Germany that effectively removes their potential impact on CDS firms. Using a unique dataset on …
Persistent link: https://www.econbiz.de/10012698567
This paper shows that forward default intensities in the Black and Cox (1976) model of corporate default can be expressed in terms of the Mills Ratio (Mills, 1926). The behaviour of the forward default intensity and hence the survivorship functions then follows from inequalities that are...
Persistent link: https://www.econbiz.de/10010753689
A division rule for claims problems, also known as bankruptcy or rationing problems, based on the pseudo …
Persistent link: https://www.econbiz.de/10010759361
In this paper, we propose a new extension of the run-to-the-bank rule for bankruptcy situations to the class of multi …
Persistent link: https://www.econbiz.de/10010759362
particular bankruptcy game: the core cover of a compromise admissible game is, indeed, a translation of the set of coalitionally … stable allocations captured by an associated bankruptcy game. Moreover, we analyze the combinatorial complexity of the core …
Persistent link: https://www.econbiz.de/10010759498
New logit models for predicting bankruptcy of Polish companies are presented. Major features of these approaches are … estimate of the probability of bankruptcy for such company shall be less than 0.5. New models for predicting bankruptcy of …
Persistent link: https://www.econbiz.de/10005113466
This paper identifies the main bank specific determinants of time to failure during the financial crisis in Colombia using duration analysis. Using partial likelihood estimation, it shows that the process of failure of financial institutions during that period was not a merely random process;...
Persistent link: https://www.econbiz.de/10005113940