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Debt and Insolvency
Heaton, J.B. - 2020
about the design of debt contracts. The results derive from the premise that firms must avoid legal insolvency when issuing … new debt because insolvency at issuance would trigger severe operational limitations on the issuer. I first show that … legal insolvency limits debt capacity, limiting the amount of money that a firm can raise with debt. I next show that legal …
Persistent link: https://www.econbiz.de/10012852105
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The analysis of the bankruptcy of enterprises exemplified by the Visegrad Group
Krajewski, Jarosław; Tokarski, Andrzej; Tokarski, Maciej - In: Journal of business economics and management 21 (2020) 2, pp. 593-609
The phenomenon of enterprises bankruptcy is an extremely complex process of economic, legal, social and even psychological nature. In the developed countries, the first studies on forecasting bankruptcy date to the early 20th century. In Central and Eastern Europe, due to, among other factors,...
Persistent link: https://www.econbiz.de/10012197644
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The Failure of Northern Rock: A multi-dimensional Case Study
Congdon, Tim; Goodhart, Charles A.E.; Eisenbeis, Robert A. - 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/10011689937
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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
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The Failure of Northern Rock - A Multidimensional Case Study
Eisenbeis, Robert Allen; Taylor, Michael William; … - SUERF - The European Money and Finance Forum
institutional architecture in the United Kingdom and most especially with regard to insolvency arrangements for banks and the … arrangements and those for the insolvency of financial institutions. She also detects weaknesses in the workings of the emergency … liquidity assistance arrangements. The main focus of the contribution is on bank insolvency and bank crisis management, and the …
Persistent link: https://www.econbiz.de/10004982519
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Is attack the best form of defence? : a competing risks analysis of acquisition activity in the UK
Dickerson, Andrew P.; Gibson, Heather D.; Tsakalōtos, … - 1999 - Revised March 1999
The primary purpose of this paper is to investigate whether companies can use acquisition as a strategy to reduce their probability of takeover. A subsidiary issue is whether such a strategy has any impact on their subsequent probability of bankruptcy. The determinants of making an acquisition,...
Persistent link: https://www.econbiz.de/10011530493
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Are there alternatives to bankruptcy? : a study of small business distress in Spain
García-Posada, Miguel; Mora-Sanguinetti, Juan S. - In: SERIEs : Journal of the Spanish Economic Association 5 (2014) 2/3, pp. 287-332
Small businesses, the majority of Spanish firms, rarely file for formal bankruptcy when dealing with financial distress. This is why business bankruptcy rates in Spain are among the lowest in the world, even during the current economic crisis. To explain this fact we present the following...
Persistent link: https://www.econbiz.de/10010422287
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International similarities of bank lending practices and varieties of insolvency laws : a comparative analysis of France and Germany
Größl, Ingrid; Levratto, Nadine - 2012
Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … the insolvency law, like culture and history. …
Persistent link: https://www.econbiz.de/10010425216
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Preliminary Report to the UK Insolvency Service into Outcomes in Company Voluntary Arrangements
Walters, Adrian - 2012
Persistent link: https://www.econbiz.de/10013115019
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Financial Distress Comparison Across Three Global Regions
Platt, Harlan D. - 2012
Globalization has precipitated movement of output and employment between regions. How similar are companies in different regions following this dramatic shift in economic activity? Corporate comparisons to test global convergence could be made along numerous dimensions. We look at firms along...
Persistent link: https://www.econbiz.de/10013117031