This chapter reviews empirical research on the use of private and court-supervised
mechanisms for resolving default and reorganizing companies in financial distress. Starting …

Using loan‐level data from Germany, we investigate how the introduction of model‐based
capital regulation affected banks' ability to absorb shocks. The objective of this regulation …

This book provides a compendium to the empirical work investigating the hypotheses
generated by recent banking theory. Such a compendium is overdue. Since the publication …

Using a sample of small firms that defaulted on their bank debt in France, Germany, and the
United Kingdom, we find that large differences in creditors' rights across countries lead …

We use credit default swaps (CDS) trading data to demonstrate that the credit risk of
reference firms, reflected in rating downgrades and bankruptcies, increases significantly …

Exploiting the timing of the 2005–2006 Italian bankruptcy law reforms, we disentangle the
effects of reorganization and liquidation in bankruptcy on bank financing and firm …

This paper analyzes the question if and how founding families influence the capital structure
decision of their firms. By using a unique, partially hand-collected panel dataset of 660 listed …

Using a novel data set on corporate ownership and control, we show that the divergence
between the control rights and cash-flow rights of a borrowing firm's largest ultimate owner …

We use a unique data set to study how UK banks deal with financially distressed small and
medium-sized companies under a 'contractualist'bankruptcy system. Unlike in the US, these …

We employ a unique data set on members of an elite service club in Germany to investigate
how social connections in elite networks affect the allocation of resources. Specifically, we …