We argue that firms' assets, especially their tangible assets, serve as collateral restricting both secured and unsecured debt. Secured debt is explicitly collateralized, placing a lien on specific assets, which facilitates enforcement. Unsecured debt is backed by unencumbered assets and thus...

We examine the ináuence of countries lending infrastructure on credit rationing for European SMEs (small and medium sized enterprises). This lending infrastructure, conceptualised by Berger and Udell (2006) is comprised of countries information, legal, judicial, bankruptcy, social and...

Das Werk strukturiert das Wissen zum Gründungsmanagement. Die Aufgaben und Lösungen ermöglichen eine Vertiefung des Stoffes. Nicht nur für Studierende und Seminarleiter, sondern auch für Laien ist die

"We present the edited book volume "Risks and Challenges of AI-Driven Finance: Bias, Ethics, and Security," and offers scholarly discussion on the various dimensions of AI integration in corporate finance, specifically the risks and challenges due to bias, ethics and security issues. We believe...

The aim of this paper is to evaluate the contribution of several aspects of the bank-firm relationships in anticipating the corporate default event at least one year before. Using a unique dataset on a sample of 113 co-operative credit banks and about 12,000 firms operating in Italy, between...

Das Buch Finanzierung im Unternehmenslebenszyklus liefert eine strukturierte Darstellung aktueller Finanzierungstechniken. Es zeigt, welche Finanzinstrumente geeignet sind, eine Gründung zu ermöglichen, den Unternehmenswert in der Wachstumsphase und im Reifestadium zu steigern und die Existenz...