Search Results - subject_exact:"Creditor rights"

A bargaining theory of the leverage-profitability relationship

Panteghini, Paolo - 2026

This paper shows that a static trade-off model generates a negative cross-sectional relationship between leverage and profitability once ex ante Nash bargaining over the perpetual debt coupon is introduced. The central mechanism works as follows: higher shareholder bargaining power lowers the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638858

Creditor rights, state-owned banks, and investment efficiency : evidence from SARFAESI act

Vaibhav, Vishal - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639922

The impact of credit reforms on bank loans and firm leverage around the world

Gonenc, Halit; Jansen, Floris; Tinoco, Mario Hernandez; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015142032

Insolvency laws and international trade : a Perspective

Baxi, Amol - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015167001

Timing matters : creditor incentives and delayed admission under India's IBC

Sharma, Anjali; Sengupta, Rajeswari - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627675

European insolvency law and firm leverage

Solinge, Fien van; Soederhuizen, Beau - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014305546

An agency cost channel from creditor rights reforms to leverage

Banerjee, Biswajit; Herrala, Risto - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015441360

Creditor protection and government procurement contracting

Liu, Xiao; Ma, Zhiming; Ruan, Lufei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432390

Access to finance and cost stickiness : evidence from anti-recharacterization laws

Li, Tongxia; Lu, Chun; Xu, Lei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015435915

An agency cost channel from creditor rights reforms to leverage

Banerjee, Biswajit; Herrala, Risto - 2025

The paper investigates the influence of creditor rights reforms on leverage. Based on a partial equilibrium agency cost model, we propose a novel channel running from the owner/manager's private bankruptcy costs to leverage. Such costs mitigate the firms' agency problem toward creditors, thereby...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439321

The frictions between Bank Resolution and Insolvency Law

Pulgar Ezquerra, Juana - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529133

Double-edged sword : does strong creditor protection in the bankruptcy process affect firm productivity

Gao, Peng; He, Ling; Hu, Shiyang; Xin, Qingquan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015147832

Do stronger creditors' rights and an efficient bankruptcy process affect the speed of adjustment to target capital structure? : evidence from a quasi-natural experiment

Rawal, Dilesh; Mahakud, Jitendra; Mishra, Rohan Kumar - 2024

This study investigates the impact of the Insolvency and Bankruptcy Code (IBC) on the capital structure speed of adjustment (SOA) of Indian firms. The IBC, introduced in 2016, significantly enhanced creditors' rights and streamlined the bankruptcy process, providing a quasi-natural experiment to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338056

Macroprudential regulation and bank risk : the role of shareholders' and creditors' rights

Matos, Tiago F. A.; Teixeira, João C. A.; Dutra, Tiago M. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014545137

Bankruptcy law, creditor rights, and earnings management : evidence from India

Srivastava, Aaraadhya - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015123050

Judicial efficiency and bank credit to firms

Rodano, Giacomo - 2021

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012612464

The effect of creditor judicial protection on trade credit in supply chains : evidence from the establishment of bankruptcy courts in China

Lan, Zong; Ren, Yi; Wu, Meiyi; Zhao, Yitong - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647575

Bankruptcy law and capital structure choices in economically vs. financially distressed firms : evidence from an emerging market

Tripathi, Pranshu; Sharma, Anil Kumar - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015575538

Debt collection agencies and the supply of consumer credit

Fedaseyeu, Viktar - 2020

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012631953

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Debt collection agencies and the supply of consumer credit

Fedaseyeu, Viktar - 2020

Book / Working Paper

Debt collection agencies and the supply of consumer credit

Fedaseyeu, Viktar - 2015

Book / Working Paper

Debt collection agencies and the supply of consumer credit

Fedaseyeu, Viktar - 2011 - This version: September, 2011

Edition: This version: September, 2011

Book / Working Paper

Globally consistent creditor protection, reallocation, and productivity

Bian, Bo - 2020

This paper documents that resource reallocation across firms is an important mechanism through which creditor rights affect real outcomes. I exploit the staggered adoption of an international convention that provides globally consistent strong creditor protection for aircraft finance. After this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012668205

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Globally Consistent Creditor Protection, Reallocation, and Productivity

Bian, Bo - 2020

Book / Working Paper

Bankruptcy regime change and credit risk premium on corporate bonds : evidence from the indian economy

Sengupta, Rajeswari; Vardhan, Harsh - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013531305

Creditor Rights, Debt Capacity and Securities Issuance : Evidence from Anti-Recharacterization Laws

Tut, Daniel - 2023

This paper examines the effects of improvement in creditors' rights protection on firms' financing choices and securities issuance. I exploit exogenous variation in creditors' rights protection induced by the staggered adoption of anti-recharacterization laws by some U.S. states. Using...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014256527

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Creditor Rights, Debt Capacity and Securities Issuance : Evidence from Anti-Recharacterization Laws

Tut, Daniel - 2020

Book / Working Paper

Creditor Rights and Legal Transaction Costs

Aggarwal, Dhruv - 2023

I estimate the relationship between increased creditor rights and legal expenditures of debtor corporations by analyzing the effect of a major securitization law in India allowing secured creditors to seize collateral. While the law decreased spending on legal proceedings commonly used by firms...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014349158

Creditor Protection in Cross-Border Conversions, Mergers and Divisions : The New EU Regime Following Directive 2019/2121

Gilotta, Sergio - 2023

This is a draft chapter for a forthcoming volume, "Freedom of establishment and cross-border mobility for companies in the EU", edited by Paula Del Val Talens, Wolters Kluwer (2023 expected). It provides an illustration and a critical assessment of the EU creditor protection regime established...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014350371

Creditor Control Rights and the Non-Synchronicity of Global CDS Markets

Hasan, Iftekhar; Marra, Miriam; Wu, Eliza; Zhang, Gaiyan - 2023

We analyze how creditor rights affect the nonsynchronicity of global corporate credit default swap spreads (CDS-NS). We find that CDS-NS is negatively related to the country-level creditor-control rights, especially to the “restrictions on reorganization” component, where...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014254224

Creditor Control Rights and the Pricing of Corporate Loans

Arnold, Marc; Kollmann, Nicola; Tengulov, Angel - 2023

This study investigates the influence of creditor control rights on the pricing of corporate loans. We construct a novel dataset that combines hand-collected covenant violations data with individual borrowers, creditors, and loan contract information. Our data allows us to distinguish between...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014254754

The capital maintenance regime matters for creditors

Dudycz, Tadeusz; Mielcarz, Paweł - 2023

Relying on an unbalanced panel of 25,211 observations of Polish unlisted companies for the period 2005-2018, we employ panel data analysis to investigate the role of the capital maintenance principle in securing creditors' interests. We document a persistently higher level of indebtedness among...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014383507

Debt maturity and institutions : does creditor protection matter?

Tayem, Ghada - 2023

This study aims to investigate the relationship between creditor protection and the debt maturity structure of corporations in the Gulf Cooperation Council (GCC) countries. The GCC countries enjoy large GDPs, growing capital markets, especially the Islamic bonds (Sukuk) market, and negligible...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014362514

Investment-cash flow sensitivity and investor protection

Kabbach de Castro, Luiz Ricardo; Martins, Henrique Castro; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014362785

Regulatory protection and opportunistic bankruptcy

Gopalan, Radhakrishnan; Martin, Xiumin; Srinivasan, Kandarp - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014289072

Stock market, credit market, and heterogeneous innovations

Wang, Xun - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014251346

The changing face of chapter 11 bankruptcy : insights from recent trends and research

Hotchkiss, Edith; Thorburn, Karin S.; Wang, Wei - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014426308

Regulatory arbitrage and cross-border syndicated loans

Demirgüç-Kunt, Asli; Horváth, Bálint L.; Huizinga, Harry - 2019

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10012106462

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Regulatory arbitrage and cross-border syndicated loans

Demirgüç-Kunt, Asli; Horváth, Bálint L.; Huizinga, Harry - 2019

Book / Working Paper

Restrictive bond covenants : evidence from family firms in China

Zhang, Xueying; Feng, Chao; Walker, Thomas; Barabanov, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324790

Creditor rights and investment sensitivity : evidence from an emerging market

Tripathi, Pranshu; Sharma, Anil Kumar - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015199601

How creditor protection stimulates corporate R&D : insights from internet judicial auctions in China

Tao, Yunqing; Wang, Qiaochu; Yang, Jinqiang; Ye, Yongwei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015325116

Priorität von Kapitalpositionen : eine rechtsökonomische Untersuchung restrukturierungs- und insolvenzrechtlicher Prioritätssysteme

Wang, Donatus - 2025

Die restrukturierungs- und insolvenzrechtliche Priorität legt fest, in welcher Reihenfolge Eigen- und Fremdkapitalgeber in der finanziellen Krise des Unternehmens Zugriff auf den Unternehmenswert erhalten. Damit entfaltet die Priorität verhaltenssteuernde Anreizwirkungen und bestimmt...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406857

The legal right protection of lenders and corporate employment : evidence from specialized bankruptcy courts

Xiong, Jiacai; Peng, Chen; Yang, Zelin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015409159

Determinants of global loan pricing : creditor rights or country size?

Delēs, Manthos D.; Iosifidi, Maria - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015431977

Auditing trade credit risk : evidence from BAPCPA and COVID-19

Walton, Stephanie; Zhang, Yiyang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015435918

Conditional control : the consequences of expanding creditors' right to initiate bankruptcy

Ḥamdani, Asaf; Mugerman, Yevgeny; Rooz, Ruth; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455849

Shareholder remuneration and the law : shareholder distributions and creditor protection in comparative perspective

Xiong, Xuedan - 2025

The Need for Mandatory Rules to Restrict Shareholders' Distributions -- The Indispensable Role of Accounting in the Development of Shareholders' Distribution Regime -- Capital Maintenance versus Solvency-Based Regime -- China Compared with the UK : Provisions and Practice -- Exploring an Optimal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015582073

Are enhanced creditor rights in bankruptcy desirable to shareholders? : evidence from the cost of equity capital

Ni, Xiaoran; Xu, Jin; Yin, Sirui - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558615

Creditor protection and asset-debt maturity mismatch : a quasi-natural experiment in China

Jiang, Shuaihe; Gan, Xiaodong; Zou, Kaiti - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015546587

The Rights of Creditors in Insolvency Proceedings

Tuyisenge, Samuel - 2022

At all times a debtor exist when there is a creditor. According to the current Rwandan law relating to insolvency, it is provided that the commencement of the insolvency proceedings shall lead to the stay of among others the individual actions or proceedings concerning the debtor’s rights,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013292871