کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5085997 1478093 2006 26 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
It takes two to tango: An empirical tale of distressed firms and assisting banks
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
It takes two to tango: An empirical tale of distressed firms and assisting banks
چکیده انگلیسی

We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are assisted in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and obligations with the help of their bank. Another part consists of firms that, despite the assistance of their bank, did not succeed in reorganizing their operations and finances. Our empirical test predicts success and failure in restructuring. We find that banks play a role in the firms' restructuring efforts and that this assistance is of crucial importance to the success of the restructuring. We conclude that the harsh bankruptcy rules in the Netherlands support private negotiations between financially distressed firms and their banks.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Law and Economics - Volume 26, Issue 4, December 2006, Pages 429-454
نویسندگان
, ,