In particular, the model correctly predicts that bankruptcy rates are lower in states with more generous homestead exemptions (the amount of home equity that may be retained after filing for bankruptcy), despite the decreased penalty of declaring bankruptcy. In equilibrium, that lower penalty of ...
On 3 April 2020, the CSRC strongly condemned financial fraud, declaring that offending firms would be punished to the full extent of the law. The SEC is conducting a thorough investigation of the fraud, which is expected to have a substantial effect on Chinese firms listed in US markets. 5...
Fintan O’Toole: Budget must stop spread of inequality in Irish society ‘Every day we’re closed is another step towards bankruptcy’ The Virginian – An Irishman’s Diary on Robert E Lee It is also highly subjective. In reality, the only person who knows whether an action was in...
Is the nihilist agenda to punish with bankruptcy the energy-using middle class? Is the hope that Americans will have to beg the Saudis, Iranians, Venezuelans, and Russians to pump more of the hated goo for our benefit so we would not have to dirty ourselves helping ourselves?
One reason why the effects of severance pay may not be completely shifted is that workers may fear the firm will "take the money and run" by declaring bankruptcy. A system of SPSAs eliminates this moral hazard problem, so it should facilitate the shifting of severance payments' costs to ...
With many American papers declaring bankruptcy in the past few months, their readers and advertisers lured away by cheaper alternatives on the internet, this doom-laden prediction sounds familiar. But it was in fact made in May 1845, when the revolutionary technology of the day was not the ...