Results 151 to 160 of about 1,593,604 (250)

Collusion through debt and managers

Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.
Abstract We investigate the anticompetitive effects of debt financing and managerial incentives in the presence of managers incurring personal bankruptcy costs. We characterize the strategic value for firms' shareholders of resorting to debt and managerial incentives as complementary devices to sustain collusion among firms, when managerial bankruptcy ...
Raffaele Fiocco, Salvatore Piccolo, Giancarlo Spagnolo   +2 more
wiley   +1 more source

Bankruptcy Law: a Mechanism of Governance for Financially Distressed Firms. [PDF]

This paper explores the various governance models for financially distressed firms. We offer a new typology of major bankruptcy models and provide a connection between this bankruptcy law puzzle and the variables depicting the governance of healthy firms
Agnès Fimayer, Régis Blazy, Bertrand Chopard   +2 more
core  

Social Workers' Perceptions of Stakeholder Contributions to Regional Variation in the Numbers of ‘Care Orders at Home’ Being Recorded

Child &Family Social Work, EarlyView.
ABSTRACT This study builds on and extends the limited literature pertaining to the increasingly common care arrangement for children in England—the ‘Care Order at home’ [COAH]. Employing online focus groups and individual interviews, the study explores with 16 practising social workers their experience of COAH in both Northwest England and Greater ...
Ciarán Murphy
wiley   +1 more source

Access to Credit and Employment Liquidation. Firm‐Level Evidence From Eastern and Central Europe (2001–2007)

Economics of Transition and Institutional Change, EarlyView.
ABSTRACT This article investigates the changes in the structure of employment in Central and Eastern European firms between 2001 and 2007, before the Global Financial Crisis and following the reforms in the labour and credit markets in these economies.
Elisabetta Magnani
wiley   +1 more source

Legal Rules and Bankruptcy Rates: Historical Evidence from the States [PDF]

Since the early twentieth century, observers have attributed the wide variation in state bankruptcy rates to variation in state legal rules such as garnishment and bankruptcy exemptions.
Bradley A. Hansen, Mary Eschelbach Hansen   +1 more
core  

Do Resource‐Constrained Small Private Firms Support Incumbent or Nonincumbent Factions? Evidence From Chinese Township and Village Enterprises

Economics &Politics, EarlyView.
ABSTRACT Research on corporate political strategy emphasizes firm—government engagement but largely treats governments as unitary and political alignment as stable. Drawing on stakeholder theory and the behavioral theory of the firm (BTOF), this study challenges these assumptions by examining how resource‐constrained small private firms navigate ...
Lee Li, Gongming Qian
wiley   +1 more source

Bankruptcy problems with interval uncertainty [PDF]

In this paper, bankruptcy situations with interval data are studied. Two classical bankruptcy rules, namely the proportional rule and the rights-egalitarian rule, are extended to the interval setting.
Rodica Branzei, Sirma Zeynep Alparslan Gok   +1 more
core  

Leverage Adjustments, Executive Incentives, and the Market Valuation of Acquisitions Under State Capitalism: Evidence From China

Economics &Politics, EarlyView.
ABSTRACT We examine how state ownership and CEO financial incentives jointly condition the market valuation of acquisition‐related leverage adjustments in 2251 completed M&A deals by Chinese A‐share listed acquirers (2013–2023). Acquirers draw on spare financing capacity at deal completion, with larger leverage increases among underleveraged firms.
Chun I. Lin, Joseph C. P. Shieh, Hao Fang, Yen Hsien Lee   +3 more
wiley   +1 more source

A series of (un)fortunate events: Commercial bank interest rates and deposit reallocation during the Great Depression in the Netherlands

The Economic History Review, EarlyView.
Abstract During the global economic crisis of 1929–33, deposits in the Dutch commercial banking sector sharply declined as funds shifted to the government‐guaranteed Post Office Savings Bank and other savings institutions. Unlike earlier studies for neighbouring countries, we demonstrate that this shift was driven less by a flight to safety and more by
Ruben Peeters, Amaury de Vicq de Cumptich   +1 more
wiley   +1 more source

Regional and local divergence in welfare provision in England and Wales, 1776–1815

The Economic History Review, EarlyView.
Abstract This article uses the township‐level data on welfare expenditure and provision gathered by parish officers in England and Wales at three points between 1776 and 1815 to illuminate regional and local differences during the period. These data have been linked to geographic information system (GIS) mapping systems, facilitating the mapping of ...
John Broad
wiley   +1 more source