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Insolvency academics contributing to the review of insolvency laws: An Australian perspective [PDF]

, 2015
Introduction\ud \ud 1 It gives me great pleasure to contribute to this publication to honour Professor Ian Fletcher on his retirement as Foundation Chair of the INSOL International Academic Group.
Mason, Rosalind F.
core  

Banking with Inside Money: An Efficiency Analysis

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO, HUGO RODRÍGUEZ MENDIZÁBAL   +1 more
wiley   +1 more source

Commencement of insolvency proceedings /

, 2016
"This is the first volume in the new Oxford International and Comparative Insolvency Law Series. The series will provide a comparative analysis of all important aspects of insolvency proceedings and domestic insolvency laws in the main economically ...
Vermunt, N. S. G. J., Kilborn, Jason J., Faber, N. E. D., Richter, Tomáš,   +3 more
core  

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

Can Small Businesses Survive Chapter 11?

The Journal of Finance, EarlyView.
ABSTRACT A majority of small U.S. businesses attempting to reorganize in bankruptcy fail to do so. Subchapter V of Chapter 11 (SubV) streamlines bankruptcy for small firms by reducing bankruptcy costs and negotiation frictions, and enables entrepreneurs to retain ownership.
EDITH HOTCHKISS, BENJAMIN IVERSON, XIANG ZHENG   +2 more
wiley   +1 more source

Combating insolvency and business recovery problems in the oil industry: proposal for improvement in Nigeria's insolvency and bankruptcy legal framework. [PDF]

Heliyon, 2021
Olujobi OJ.
europepmc   +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

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