Results 61 to 70 of about 1,117 (188)

Twin Defaults and Bank Capital Requirements

The Journal of Finance, EarlyView.
ABSTRACT We examine optimal capital requirements in a quantitative general equilibrium model with banks exposed to nondiversifiable borrower default risk. Contrary to standard models of bank default risk, our framework captures the limited upside, but significant downside risk of loan portfolio returns.
CATERINA MENDICINO, KALIN NIKOLOV, JUAN RUBIO‐RAMIREZ, JAVIER SUAREZ, DOMINIK SUPERA   +4 more
wiley   +1 more source

The Adaptive Objectives of State‐Owned Enterprises amid Economic and Political Shifts: Evidence from Brazilian Firms, 1973–1993

Journal of Management Studies, EarlyView.
Abstract We theorize how state ownership reweights organizational objectives when political and market conditions shift. Using a mixed‐method, history‐to‐theory design, we examine 160 state‐owned and 132 private Brazilian firms from 1973 to 1993. We argue that two mechanisms – appointment politicization and constituency‐protection salience – alter ...
Paul Ferreira, Sergio G. Lazzarini, Aldo Musacchio   +2 more
wiley   +1 more source

Leasing Agreement under the Provisions of Current Insolvency Code

EIRP Proceedings, 2017
The reason for promulgating the current insolvency law, Law 85/2014, was clearly to create an effective and appropriate legal framework for the collective enforcement of debtors in insolvency in order to ensure the recovery of claims they owed and ...
Raluca Antoanetta Tomescu
doaj  

On insolvency (bankruptcy) in modern domestic codifications and current federal law «On Insolvency (Bankruptcy)»: issues of correlation

Юридический вестник Самарского университета
The article examines the interrelation of the diverse regulatory provisions on insolvency (bankruptcy) contained in modern domestic codes in relation to the norms of the current federal law “On Insolvency (Bankruptcy)”.
S. V. Elekina
doaj   +1 more source

Selection in car insurance when claims are heterogeneous

Journal of Risk and Insurance, EarlyView.
Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon, Giam Pietro Cipriani, Alessandro Lai   +2 more
wiley   +1 more source

Bonds on the Ballot: What Voters (Don't) Know About Debt Financing and Why It Matters

Public Budgeting &Finance, EarlyView.
Abstract American subnational governments commonly require voters to approve bond proposals, reflecting historical concerns about legislative shortsightedness. Yet voters need an understanding of how bond financing works to make choices consistent with preferences. Existing literature makes it unclear whether voters have such knowledge.
Shanna Pearson‐Merkowitz, Joshua J. Dyck, Edward L. Lascher Jr., Corey Lang   +3 more
wiley   +1 more source

Insolvency within Bankruptcy: The Case in Indonesia

SHS Web of Conferences, 2018
The Bankruptcy institutions are an extraordinary mechanism in debt settlement. The extraordinary characteristic distinguishes bankruptcy institutions with other mechanisms in debt settlement.
Fauzi M
doaj   +1 more source

Navigating the Power of the Purse—Fiscal Irresponsibility, Process Failures, and the New Constitutional Stress Test

Public Administration Review, EarlyView.
ABSTRACT The federal government, and its budget process, are facing unprecedented challenges. The federal debt is at historic levels, the process is in disarray, and the constitutional balance of powers is being challenged as never before. The debt, driven by growth in entitlement spending, stands at $38 trillion and is projected to continue to grow if
Carolyn Bourdeaux, G. William Hoagland, Philip G. Joyce, Thomas S. Kahn, Elaine Y. Lu   +4 more
wiley   +1 more source

Unraveling Complex Impacts Pathways of the Ecodesign for Sustainable Products Regulation and Corporate Sustainability Due Diligence Directive in Global Textile Value Chains: A European Perspective

Regulation &Governance, EarlyView.
ABSTRACT Through the Ecodesign for Sustainable Products Regulation and the Corporate Sustainability Due Diligence Directive, the European Commission targets sustainable products and value chains to curb environmental and social problems. Based on a combination of a complex systems lens and the global value chain and global governance approaches, the ...
Emilia Stadler, Michelle Bonatti, Dagmar Mithöfer   +2 more
wiley   +1 more source

Cooperation in cross-border insolvency: The case of protocols [PDF]

Strani pravni život, 2018
The paper deals with cross-border insolvency protocols as special source of insolvency law. Protocols are agreements between parties in insolvency procedure that deal with many significant questions in order to establish cooperation and coordination ...
Višekruna Aleksandra
doaj