Betz, Jennifer and Kellner, Ralf and Roesch, Daniel (2016) What drives the time to resolution of defaulted bank loans? FINANCE RESEARCH LETTERS, 18. pp. 7-31. ISSN 1544-6123, 1544-6131
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Using a unique data base of Global Credit Data with individual loan information from small and medium sized entities in Germany, Great Britain and the United States, we evaluate the time to resolution of defaulted loans. A comparison across countries reveals country specific drivers for the resolution time which can be explained fairly well by differences in the regulatory and legal framework. Lenders seem to be aware of these differences and adjust their lending behavior in the limits set by these bankruptcy systems of the countries. (C) 2016 Elsevier Inc. All rights reserved.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | GIVEN-DEFAULT; REORGANIZATION; CHAPTER-11; BANKRUPTCY; DURATION; DISTRESS; FIRMS; credit risk; bankruptcy; resolution of financial distress; time to resolution; resolution bias |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre Business, Economics and Information Systems > Institut für Betriebswirtschaftslehre > Lehrstuhl für Statistik und Risikomanagement (Prof. Dr. Rösch) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 01 Mar 2019 14:17 |
| Last Modified: | 05 Apr 2019 11:19 |
| URI: | https://pred.uni-regensburg.de/id/eprint/3531 |
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