Results 11 to 20 of about 203 (124)
Optimal bankruptcy regime: a literature review
Future Business Journal, 2023 An optimal bankruptcy regime is one which avoids taking/giving loans during financial crisis, provides a provision for entrepreneurship, and further provides for achieving a maximum total value for the distressed firm.
N.V.V. Satyanarayana Puchakayala +1 more
doaj +1 more source
Preventing Zombie Lending [PDF]
Review of Financial Studies, 2013 Because of limited liability, insolvent banks have an incentive to continue lending to insolvent borrowers, in order to hide losses and gamble for resurrection, even though this is socially inefficient. We suggest a scheme that regulators could use to solve this problem.
Max Bruche, Gerard Llobet
openaire +3 more sources
House Banks in Out-of-court Reorganization: Evidence from Austria
The Journal of Entrepreneurial Finance, 2020 The main purpose of this article is to study the role of house banks in out-of-court reorganization. Banks are traditionally one of the most important financial resources for firms.
Stefan Mayr +2 more
doaj +1 more source
Zombie Lending and Depressed Restructuring in Japan [PDF]
American Economic Review, 2006 Large Japanese banks often engaged in sham loan restructurings that kept credit flowing to otherwise insolvent borrowers (which we call zombies). We examine the implications of suppressing the normal competitive process whereby the zombies would shed workers and lose market share.
Caballero, Ricardo J. +2 more
openaire +5 more sources
The pitfalls of pledgeable cash flows : soft budget constraints, zombie lending and under-investment [PDF]
SSRN Electronic Journal, 2021 We show that when borrowers are privately informed about their creditworthiness and lenders have a soft budget constraint, efficient investment requires a limit on the fraction of a firm’s cash flows that can be pledged to outsiders. That is, pledgeability should neither be too low nor too high.
Bernhardt, Dan +2 more
openaire +2 more sources
Zombie lending due to the fear of fire sales
Journal of Corporate FinanceKaushalendra Kishore +2 more
exaly +2 more sources
The Real Effects of Zombie Lending in Europe [PDF]
Oxford Bulletin of Economics and Statistics, 2019 ‘Zombie lending’ occurs when a lender supports an otherwise insolvent borrower. Recent studies document that zombie lending has been widespread following the European sovereign debt crisis. In this paper, I develop a quantitative model to study the impact of these lending practices on firm dynamics.
openaire +1 more source
Commercial bank digital transformation, information costs, and corporate financial constraints
China Journal of Accounting StudiesThe rapid development of digital finance has transformed traditional financial institutions. We investigate the effect and economic consequences of bank digital transformation on corporate financial constraints using data from China.
Xiaoxi Li, Qinger Zhong, Guochao Yang
doaj +1 more source
Diverging in Vivo Immune Response Patterns After Oral Food Challenge in Peanut Allergic Adults
Clinical &Experimental Allergy, EarlyView.After the oral food challenge, peanut (PN)‐allergic adults were monitored over 4 weeks, which revealed diverging immune response patterns, with strong responders (SR) exhibiting heightened Ara h 2+ B cell expansion, PN sIgE induction and increasing PN‐specific Tconv. Weak responders (WR) had more activated PN‐specific Tregs.
Florent Fauchère +7 more
wiley +1 more source
Trends in Zombie Firms Research: A Bibliographic Review
Studies in Business and EconomicsThe aim of the paper is to explore the knowledge infrastructure of research addressing the zombie issue using a bibliometric review approach combined with content analysis.
Blažková Ivana +2 more
doaj +1 more source