Results 81 to 90 of about 169,229 (311)

Restructurarea datoriei suverane în Uniunea Europeană: Rolul Collective Action Clauses în combaterea Vulture Funds/ Sovereign Debt Restructuring in the European Union: The Role of Collective Action Clauses in Combatting Vulture Funds [PDF]

Analele Ştiinţifice ale Universităţii "Al.I. Cuza" din Iaşi. Ştiinţe Juridice
The Greek sovereign debt crisis revealed the weaknesses of the European financial structure when faced with the pressures exerted by vulture funds. These funds refused to participate in the debt restructuring, relying on the protection offered by the ...
Alexandru CHISTRUGA
doaj   +1 more source

Sequential Restructuring of Debt Classes, Absolute Priority Violation and Spread Reversals Under Chapter 11 [PDF]

Under U.S. Bankruptcy Code, equity holders can restructure different debt classes at a time. Recognizing this allows us to endogenize, in continuous time, not only the restructuring threshold but also the restructuring order of senior and junior classes.
Adriana Breccia
core  

The Role of International Investment Agreements [PDF]

, 2013
This paper analyzes the legitimacy of investor-state arbitration under international investment agreements in sovereign debt restructuring. The paper presents mechanisms governing sovereign default generally, namely collective action clauses and informal
Brahms, Lisa
core   +1 more source

How Do Investors React to Supplier Exploitation? Event Study and Experimental Evidence

Journal of Operations Management, EarlyView.
ABSTRACT Supplier exploitation, including financial squeezing, payment delays, and non‐contractual demands, is a pervasive form of corporate misconduct. This multi‐method study examines how investors interpret supplier exploitation amid competing ethical and financial considerations.
Seongtae Kim, Sangho Chae, Han Kyul Oh
wiley   +1 more source

Restructuring Sovereign Debt After NML v. Argentina [PDF]

, 2006
The decade and a half of litigation that followed Argentina’s sovereign bond default in 2001 ended with a great disturbance in the Force. A new creditor weapon had been uncloaked: The prospect of a court injunction requiring the sovereign borrower to pay
Buchheit, Lee C., Gulati, G. Mitu
core   +2 more sources

Is It a Matter of Visibility Over Viability? CEO Narcissism and the Strategic Trade‐Off in Corporate Diversification

Strategic Change, EarlyView.
ABSTRACT This study examines how CEO narcissism shapes corporate diversification strategies, addressing gaps in upper echelon and agency theories. Using a sample of 388 CEOs across 319 firms, we find that narcissistic CEOs drive higher levels of overall corporate diversification but exhibit a strategic trade‐off: they strongly favor unrelated ...
Naima Lassoued, Imen Khanchel
wiley   +1 more source

The Argentinean Debt: History, Default and Restructuring [PDF]

The processes that led to the default and restructuring of the Argentinean debt constitute the main focus of the paper. The evolution of the foreign debt in the long run is examined as well as the macroeconomic performance before and after the crisis ...
Mario Damill
core  

Leader Succession and Strategic Change: The Role of Leader's Subgroups Size

Strategic Change, EarlyView.
ABSTRACT Research suggests that new CEO successors drive strategic change through the subgroup of their immediate collaborators. However, it remains unclear how this subgroup is configured. In this research, we address this limitation by introducing a new concept of “CEO's subgroup size” (the number of TMT members in the CEO's subgroup).
Yue Zhang, Oluremi B. Ayoko
wiley   +1 more source

ESG Debt Issued by Regional Governments in Spain: Financing Sustainable Development or Usual Public Expenditure?

Sustainable Development, EarlyView.
ABSTRACT Sustainable debt bond is an emerging instrument aiming at providing companies and governments with extra resources for financing social and environmental policies and attempting to make progress on the Sustainable Development Goals. Regional governments in Spain have issued sustainable bonds in recent years to finance different spending ...
Alberto Turnes, Xavier Vence, Angeles Pereira   +2 more
wiley   +1 more source

The Greek Crisis: Causes and Consequences [PDF]

Greece has reached a point where, under any plausible macroeconomic scenario, public debt will continue growing faster than GDP. Fiscal consolidation alone cannot close the solvency gap. A substantial reduction in the stock of debt is needed.
Antonio I. Garcia Pascual, Piero Ghezzi
core