Results 81 to 90 of about 6,077,320 (200)

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

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

Cooperation and Communication Between Parties in the Management of Cross-Border Parallel Proceedings Under the European Insolvency Regulation Recast

, 2020
Regulation (EU) 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings implements and introduces new substantive obligations for insolvency practitioners as regards cooperation and communication.
stefano dominelli, ilaria queirolo
core   +1 more source

The depth and breadth of capitalism at the Cape

The Economic History Review, EarlyView.
Abstract Limited liability company legislation was introduced to the Cape Colony in 1861. An amendment in 1892 led to wider adoption, expanding and diversifying the capital market. Using novel data from the Cape Joint Stock Archive between 1892 and 1902, this paper examines who invested, where capital flowed, and how these patterns shaped firm outcomes
Edward Kerby, Lloyd Melusi Maphosa
wiley   +1 more source

The first bear raid and squeeze: Isaac Le Maire and the Dutch East India Company

The Economic History Review, EarlyView.
Abstract In 1609, the Dutch East India Company (VOC) faced a bear raid by a syndicate of short sellers led by Isaac Le Maire, a former director. We reconstruct the forward trade between 1607 and 1611, the actions taken by the syndicate members, and the responses to these actions by the company.
Oscar Gelderblom, Abe de Jong, Joost Jonker   +2 more
wiley   +1 more source

Government support, regional well‐being, and the pivots of UK SMEs during a crisis

European Management Review, EarlyView.
Abstract Pivoting—a substantive transformation of the established business model (e.g., reformulation of goods, services, processes, or organizational methods in a new or significantly improved manner)—has emerged as a crisis response strategy of small‐ and medium‐sized enterprises (SMEs).
Chau M. Chu, Bach Nguyen
wiley   +1 more source

PROPOSAL FOR A DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL HARMONISING CERTAIN ASPECTS OF INSOLVENCY LAW - INTRODUCTORY ASPECTS [PDF]

Challenges of the Knowledge Society
Insolvency is an area inextricably linked to the evolution of investment, capital markets and the single market, the convergence of insolvency regimes at Member State level being a major concern of the European legislator.
Vasile NEMEȘ, Gabriela FIERBINȚEANU
doaj  

Assessment of formal proceedings and out-of-court reorganisation: results from a survey among turnaround professionals in Austria. [PDF]

Eur J Law Econ, 2023
Mayr S, Duller C, Baschinger M.
europepmc   +1 more source

The Liquidity Sprint: Short‐Term Cash Needs and Access to Credit

European Financial Management, EarlyView.
ABSTRACT We identify the causal drivers of the COVID‐19 ‘dash‐for‐cash’ in Europe using a hand‐collected panel of Euro‐area firms (2018‐Q4–2020‐Q3). Exploiting regional infection intensity as an instrument, we find that a one‐unit EBITDA decline raised credit‐line utilization by 15.5 percentage points in 2020‐Q2. Unlike the US ‘fallen‐angel’ narrative,
Mario Cerrato, Shengfeng Mei, Hormoz Ramian   +2 more
wiley   +1 more source

Transfer of undertakings: the tension between business rescue and employment protection in corporate insolvency [PDF]

, 2012
Where a business becomes insolvent and its rescue is predicated on a going concern sale or transfer to another employer, there is a tension between employee protection and the rescue of insolvent but viable businesses. There is a consensus that employees
Etukakpan, SE
core