Results 131 to 140 of about 529,393 (264)

Risk Sharing with the Monarch: Contingent Debt and Excusable Defaults in the Age of Philip II, 1556-1598 [PDF]

Contingent sovereign debt can create important welfare gains. Nonetheless, there is almost no issuance today. Using hand-collected archival data, we examine the first known case of large-scale use of state-contingent sovereign debt in history.
Voth, Hans-Joachim, Drelichman, Mauricio
core  

ESG Performance and Financial Outcomes in the Hospitality Industry: A Systematic Literature Review

Corporate Social Responsibility and Environmental Management, EarlyView.
ABSTRACT Corporate social responsibility (CSR) and ESG are in the spotlight in hospitality management research; however, the CSR/ESG body of knowledge is fragmented by incompatible measurement approaches. Most of this work has been conducted at the regional level, with little to no attention to governance issues.
Dijana Čičin‐Šain, Sonja Brlečić Valčić, Katarina Poldrugovac   +2 more
wiley   +1 more source

Growth-Indexed Bonds in Emerging Markets: a Quantitative Approach [PDF]

In the aftermath of sovereign defaults and financial crises in the 1990s, there have been calls for the widespread use by sovereigns of equity-like financial instruments, in particular, of GDP-indexed bonds.
Andre Faria
core  

When Does ESG Misconduct Cost the CEO? Sustainability Orientation and Compensation Outcomes Across European Firms

Corporate Social Responsibility and Environmental Management, EarlyView.
ABSTRACT This study provides new evidence on when environmental, social, and governance (ESG) controversies are associated with adverse CEO compensation outcomes and whether these consequences depend on firms' prior ESG orientation. Using 9131 firm‐year observations from listed firms in 11 European countries over 2015–2023, we examine the associations ...
László Szívós, Katalin Pádár
wiley   +1 more source

Artificial intelligence and liquidation: Reality, destiny and fantasy

International Insolvency Review, EarlyView.
Abstract Artificial intelligence (AI) is increasingly reshaping the administration of corporate liquidation. Beyond its established role in financial prediction and data analytics, AI is now assisting insolvency practitioners in identifying the onset of financial distress, managing creditor communications, tracing and valuing assets and enhancing ...
Kai Zhang, Jingchen Zhao
wiley   +1 more source

Financial stability consequences of strengthening the legal rights of secured creditors under the EU Preventive Restructuring Directive

International Insolvency Review, EarlyView.
Abstract A key goal of the Capital Markets Union (CMU) Action Plan is to establish a functioning bond market, offering businesses finance options beyond traditional bank loans and creating a stable source of financing for the real economy across the EU.
Maryam Malakotipour
wiley   +1 more source

An Empirical Analysis of Equity Default Swaps (II): Multivariate Insights [PDF]

Equity default swaps (EDS) - contracts that trigger a payment when the underlying equity price falls below a predetermined level - have attracted much attention recently because of their similarities to credit default swaps (CDS) on the one hand, and ...
Norbert_Jobst, Arnaud_de_Servigny
core  

Regulatory techniques governing the dischargeability of student loan debt in common law systems: Temporal restrictions, hardship‐based limitations and categorical exclusions

International Insolvency Review, EarlyView.
Abstract Student loan debt occupies a distinctive and structurally ambiguous position within consumer insolvency law. Although incurred in good faith for socially endorsed purposes, it is subject to significant restrictions on discharge across most common law jurisdictions.
Thomas Nicholls
wiley   +1 more source

Estimating Default Probabilities of Emerging Market Sovereigns: A New Look at a Not-So-New Literature [PDF]

The January 2001 proposal for a New Basel Capital Accord has renewed the interest in obtaining default probabilities for various types of borrowers. This paper uses a panel logit model to estimate default probabilities of 78 emerging market countries ...
Marcel Peter
core  

One size fails all? EU insolvency law between harmonisation and 28th regime

International Insolvency Review, EarlyView.
Abstract The European Union's efforts to harmonise national insolvency laws have long been seen as a key step towards the completion of the Internal Market and, in particular, its Capital Markets Union project. Yet despite years of legislative activity, meaningful convergence has remained elusive.
Wolf‐Georg Ringe
wiley   +1 more source