02 Jun

Posted at 21:34h in by
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[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_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 accumulating, however, and...

09 Abr

Posted at 13:38h in by
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[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_empty_space height="16px"][vc_column_text] ABSTRACT [/vc_column_text][vc_column_text]We estimate the real effects of UK guarantees introduced during 2009 by exploiting firm-size eligibility restrictions and rich administrative data. Relative to matched non-eligible firms, eligible businesses had higher 5-year debt and performance,...

18 Oct

Posted at 14:25h in by
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[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] Published 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...