[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_row_inner row_type="row" type="full_width" text_align="left" css_animation=""][vc_column_inner][vc_column_text] ABOUT THIS PROJECT [/vc_column_text][vc_column_text]Under Review[/vc_column_text][vc_empty_space height="16px"][vc_column_text] ABSTRACT [/vc_column_text][vc_column_text]Governments around the world are assisting firms to deal with the adverse effects of Covid-19. Most forms of government assistance provided so far reduce firms’ operating costs. Firms’ debts keep...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_row_inner row_type="row" type="full_width" text_align="left" css_animation=""][vc_column_inner][vc_column_text] ABOUT THIS PROJECT [/vc_column_text][vc_column_text]Under Review[/vc_column_text][vc_empty_space height="16px"][vc_column_text] ABSTRACT [/vc_column_text][vc_column_text]Loan guarantees are popular policy responses during the COVID-19 crisis. Despite their prevalence, evidence of their effectiveness is sparse. We estimate the impacts of UK guarantees implemented during the Great...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_row_inner row_type="row" type="full_width" text_align="left" css_animation=""][vc_column_inner][vc_column_text] ABOUT THIS PROJECT [/vc_column_text][vc_column_text]R&R in Journal of Financial Economics.[/vc_column_text][vc_empty_space height="16px"][vc_column_text] ABSTRACT [/vc_column_text][vc_column_text]The EU’s 2019 Insolvency Directive increases debt holders’ control over bankruptcy reorganization proceedings, mirroring recent trends in U.S. Chapter 11. Critics, however, claim that too few...