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  1. The financial performance, restructuring and privatisation of the shipyards in the Republic of Croatia
    Author: Bajo, Anto; Primorac, Marko; Hanich, Martin
    Published: [2018]
    Publisher:  CIRIEC International, Université de Liège, Liège (Belgium)

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11159/2014
    Series: Working paper / CIRIEC ; no. 2018, 02
    Subjects: shipbuilding; government guarantees; fiscal risks; restructuring; Croatia
    Scope: 1 Online-Ressource (circa 28 Seiten)
  2. Multinationals and reallocation
    productivity growth in the Canadian manufacturing sector
    Author: Gu, Wulong; Li, Jiang
    Published: October 30, 2017
    Publisher:  Statistics Canada, [Ottawa]

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    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9780660094748
    Other identifier:
    11F0019M-No. 398
    Series: Analytical Studies Branch research paper series ; no. 398
    Research paper / Statistics Canada
    Subjects: foreign‑controlled enterprises; restructuring; productivity; manufacturing
    Scope: 1 Online-Ressource (circa 28 Seiten)
  3. State-level electricity generation efficiency
    do restructuring and regulatory institutions matter in the US?
    Author: Ajayi, Victor; Weyman-Jones, Thomas G.
    Published: [2021]
    Publisher:  University of Cambridge, Faculty of Economics, Cambridge

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    Series: Cambridge working paper in economics ; 2166
    EPRG working paper ; 2123
    Subjects: Electricity generation; technical efficiency; marginal effect; restructuring; regulatory institutions
    Scope: 1 Online-Ressource (circa 39 Seiten), Illustrationen
  4. Euro area sovereign debt
    restructuring options
    Author: Arnold, Theresa; Gulati, Mitu; Panizza, Ugo
    Published: November 2019
    Publisher:  Graduate Institute of International and Development Studies, International Economics Department, Geneva, Switzerland

    Countries with large debts stocks are vulnerable to the vagaries of the markets. Confidence crises can arise out of nowhere, constricting access to the markets. Hence, the question arises as to whether these countries should put in place mechanisms... more

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    Countries with large debts stocks are vulnerable to the vagaries of the markets. Confidence crises can arise out of nowhere, constricting access to the markets. Hence, the question arises as to whether these countries should put in place mechanisms that will help them better prepare for the possibility of crisis. In effect, the choice is whether to buy insurance. The cost of buying such insurance is that the possibility that markets will see the sovereign's proactive steps to protect against a crisis not as an indication of prudent governance but rather as an indicator that a crisis is imminent. In this article, we use the case of a hypothetical euro area country (Italy) with a large debt stock and a known vulnerability to confidence crises to set forth its options, as of 2019, to anticipate a possible future debt restructuring. It can: do nothing, do a little; and do something substantial.

     
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    hdl: 10419/230324
    Series: Working paper series / Graduate Institute of International and Development Studies, International Economics Department ; no. HEIDWP2019, 18
    Subjects: Sovereign debt; Italy; euro area; restructuring; local law advantage
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  5. Growth resurgence, productivity catching-up and labour demand in CEECs
    Author: Havlik, Peter; Leitner, Sebastian; Stehrer, Robert
    Published: January 2008
    Publisher:  Verein "Wiener Institut für Internationale Wirtschaftsvergleiche" (wiiw), Wien

    The collapse of communist regimes in Central and Eastern Europe marked a historical event for the countries on both sides of the iron curtain. Using the recently released EU KLEMS database on detailed sectoral growth and employment measures, we... more

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    The collapse of communist regimes in Central and Eastern Europe marked a historical event for the countries on both sides of the iron curtain. Using the recently released EU KLEMS database on detailed sectoral growth and employment measures, we analyse the productivity performance in the period after 1995 for five transition economies, i.e. the Czech Republic, Hungary, Poland, the Slovak Republic and Slovenia, and compare their performance with a group of European core economies and partly Austria as a neighbouring small open economy. Our analysis reveals a strong catching-up process with the Western European economies in terms of productivity and sectoral structures. The factors driving this convergence process, however, differ across countries and industries. Apart from an analysis at the aggregate or broad sectoral performance we devote special emphasis to the detailed industry level and in particular to the manufacturing industry, which has served as the main driver in growth and productivity. We demonstrate that the Central and Eastern European countries have successfully specialized in higher-tech industries while maintaining gaps, albeit diminishing, in services. As the strong productivity catching-up was accompanied by low employment growth in the period 1995-2004 - despite high unemployment levels - we also investigate the labour market structures and the changes in patterns of employment.

     
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    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/204032
    RVK Categories: QG 470
    Series: wiiw statistical reports ; 3
    Subjects: Produktivität; Industrie; Wirtschaftswachstum; Arbeitsnachfrage; Ostmitteleuropa; economic transition; restructuring; growth; multifactor productivity; labour demand
    Scope: 1 Online-Ressource (circa 85 Seiten), Illustrationen
  6. Infrastructure "privatization": when ideology meets evidence
    Author: Estache, Antonio
    Published: July 2020
    Publisher:  ECARES, Brussels, Belgium

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/309876
    Series: ECARES working paper ; 2020, 28
    Subjects: privatization; regulation; restructuring; efficiency; equity; distributional effects
    Scope: 1 Online-Ressource (circa 23 Seiten)
  7. Post-merger restructuring of the labor force
    Author: Gehrke, Britta; Maug, Ernst; Obernberger, Stefan; Schneider, Christoph
    Published: May 2021
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We study the restructuring of the labor force after mergers and acquisitions. Overall restructuring is large. Net employment of targets declines by more than half within two years after acquisitions relative to a matched sample, and is concentrated... more

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    We study the restructuring of the labor force after mergers and acquisitions. Overall restructuring is large. Net employment of targets declines by more than half within two years after acquisitions relative to a matched sample, and is concentrated in targets that close all establishments. There is a substantial increase in employee turnover. We place our analysis within a framework in which acquirers seek growth options from targets and provide managerial capabilities to organize production more efficiently. Consistent with this framework, we show that growth and turnover are both higher for managers, and that firms become more hierarchical if they grow and if they become more diversified. Acquirers have a better-educated, better-paid, and more qualified workforce than targets, and they adapt the workforce by hiring new employees who are much younger and less expensive. Mergers create internal labor markets, which are more active if firms have more managerial capacities. However, most hiring is external, especially for managers.

     
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    hdl: 10419/236440
    Series: Discussion paper series / IZA ; no. 14409
    Subjects: M&A; restructuring; employment; internal labor markets
    Scope: 1 Online-Ressource (circa 92 Seiten), Illustrationen
  8. The impact of delay
    evidence from formal out-of-court restructuring
    Author: Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; Filer, Randall Keith
    Published: 2021
    Publisher:  Global Labor Organization (GLO), Essen

    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context... more

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    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a "pre-bankruptcy settlement" (PBS) process in the wake of the Great Recession of 2007 - 2009. Local institutions left over from the communist era provide annual financial statements for both sides of more than 180,000 debtor- creditor pairs, enabling us to address selection into failed negotiations by matching a rich set of creditor and debtor characteristics. Failures to settle at the PBS stage due to idiosyncratic bargaining problems, which effectively delays entry into the standard bankruptcy procedure, leads to a lower rate of survival among debtors as well as re- duced employment, revenue, and profits. We also track how bargaining failures diffuse through the network of creditors, finding a significant negative effect on small credi- tors, but not others. Our results highlight the impact of delay and the importance of structuring bankruptcy procedures to rapidly resolve uncertainty about firms' future prospects.

     
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    hdl: 10419/237088
    Edition: This draft August 14, 2021
    Series: GLO discussion paper ; no. 912
    Subjects: bankruptcy; insolvency; liquidation; restructuring
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  9. The impact of delay
    evidence from formal out-of-court restructuring
    Author: Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; Filer, Randall Keith
    Published: [2021]
    Publisher:  Research platform Empirical and Experimental Economics, University of Innsbruck, Innsbruck, Austria

    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context... more

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    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a "pre-bankruptcy settlement" (PBS) process in the wake of the Great Recession of 2007 - 2009. Local institutions left over from the communist era provide annual financial statements for both sides of more than 180,000 debtorcreditor pairs, enabling us to address selection into failed negotiations by matching a rich set of creditor and debtor characteristics. Failures to settle at the PBS stage due to idiosyncratic bargaining problems, which effectively delays entry into the standard bankruptcy procedure, leads to a lower rate of survival among debtors as well as reduced employment, revenue, and profits. We also track how bargaining failures diffuse through the network of creditors, finding a significant negative effect on small creditors, but not others. Our results highlight the impact of delay and the importance of structuring bankruptcy procedures to rapidly resolve uncertainty about firms' future prospects.

     
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    Source: Union catalogues
    Language: English
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    Other identifier:
    hdl: 10419/240451
    Edition: This draft August 11, 2021
    Series: Working papers in economics and statistics ; 2021, 23
    Subjects: bankruptcy; insolvency; liquidation; restructuring
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen
  10. The impact of delay
    evidence from formal out-of-court restructuring
    Author: Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; Filer, Randall Keith
    Published: August 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context... more

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    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a "pre-bankruptcy settlement" (PBS) process in the wake of the Great Recession of 2007 - 2009. Local institutions left over from the communist era provide annual financial statements for both sides of more than 180,000 debtor-creditor pairs, enabling us to address selection into failed negotiations by matching a rich set of creditor and debtor characteristics. Failures to settle at the PBS stage due to idiosyncratic bargaining problems, which effectively delays entry into the standard bankruptcy procedure, leads to a lower rate of survival among debtors as well as re-duced employment, revenue, and profits. We also track how bargaining failures diffuse through the network of creditors, finding a significant negative effect on small creditors, but not others. Our results highlight the impact of delay and the importance of structuring bankruptcy procedures to rapidly resolve uncertainty about firms’ future prospects.

     
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    hdl: 10419/245429
    Series: CESifo working paper ; no. 9248 (2021)
    Subjects: bankruptcy; insolvency; liquidation; restructuring
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  11. Does retrenchment boost performance?
    evidence from fallen angels
    Author: Farroukh, Karim; Koski, Jennifer L.; Werner, Ingrid M.
    Published: [2021]
    Publisher:  The Ohio State University, Fisher College of Business, Charles A. Dice Center for Research in Financial Economics, [Columbus, Ohio]

    We study restructuring by firms whose stock prices experience a sharp decline to a low price level– fallen angels. In response to a price decline, firms can retrench by reducing investments and cutting the workforce, or increase leverage and... more

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    We study restructuring by firms whose stock prices experience a sharp decline to a low price level– fallen angels. In response to a price decline, firms can retrench by reducing investments and cutting the workforce, or increase leverage and investments hoping for lottery-like payoffs. We find that relative to a matched sample, fallen angels retrench. While retrenchment helps boost stock prices, reducing fixed assets and employment also increase firm risk, lower growth opportunities, and reduce the probability a firm remains listed. We find no consistent evidence that retrenchment actions undertaken by fallen angels affect future operating performance

     
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    Series: Working papers series / Charles A. Dice Center for Research in Financial Economics ; WP 2021, 09
    Fisher College of Business working paper series ; WP 2021-03, 09
    Subjects: restructuring; low stock price; fallen angels; retrenchment; gambling for resurrection
    Scope: 1 Online-Ressource (circa 57 Seiten), Illustrationen
  12. The impact of delay: evidence from formal out-of-court restructuring
    Author: Srhoj, Stjepan; Kovač, Dejan; Shapiro, Jacob N.; Filer, Randall Keith
    Published: August 2021
    Publisher:  Charles University, Center for Economic Research and Graduate Education, Prague

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    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788073435073; 9788073446024
    Series: Working paper series / CERGE-EI ; 700
    Subjects: bankruptcy; insolvency; liquidation; restructuring
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  13. The impact of delay
    evidence from formal out-of-court restructuring
    Author: Filer, Randall Keith; Kovač, Dejan; Shapiro, Jacob N.; Srhoj, Stjepan
    Published: [14. September 2021]
    Publisher:  Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, Halle (Saale), Germany

    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context... more

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    Bankruptcy restructuring procedures are used in most legal systems to decide the fate of businesses facing financial hardship. We study how bargaining failures in such procedures impact the economic performance of participating firms in the context of Croatia, which introduced a „pre-bankruptcy settlement“ (PBS) process in the wake of the Great Recession of 2007 - 2009. Local institutions left over from the communist era provide annual financial statements for both sides of more than 180,000 debtor-creditor pairs, enabling us to address selection into failed negotiations by matching a rich set of creditor and debtor characteristics. Failures to settle at the PBS stage due to idiosyncratic bargaining problems, which effectively delays entry into the standard bankruptcy procedure, leads to a lower rate of survival among debtors as well as reduced employment, revenue, and profits. We also track how bargaining failures diffuse through the network of creditors, finding a significant negative effect on small creditors, but not others. Our results highlight the impact of delay and the importance of structuring bankruptcy procedures to rapidly resolve uncertainty about firms‘ future prospects.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    hdl: 10419/242119
    Series: IWH discussion papers ; 2021, no. 10 (September 2021)
    Subjects: bankruptcy; insolvency; liquidation; restructuring
    Scope: 1 Online-Ressource (III, 60 Seiten, 2,95 MB), Diagramme
  14. Sustainable debt restructuring in the time of Covid 19
    investment and non-elite participation
    Author: Ghosal, Sayantan; Thomas, Dania
    Published: [2020]
    Publisher:  [Adam Smith Business School], [Glasgow]

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    Edition: This version: 29th September, 2020
    Series: Working paper series / University of Glasgow, Adam Smith Business School ; paper no. 2020, 17 (September 2020)
    Subjects: debt; restructuring; sustainability; investment; negative shock; political economy; elite; non-elite; UNCTAD road map
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  15. Divisional buyouts by private equity and the market for divested assets
    Author: Hege, Ulrich; Lovo, Stefano M.; Slovin, Myron B.; Sushka, Marie Elizabeth
    Published: [2018]
    Publisher:  Toulouse School of Economics, [Toulouse]

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    Format: Online
    Series: Working papers / Toulouse School of Economics ; no TSE-948 (August 2018)
    Subjects: Divisional buyouts; asset sales; private equity; restructuring; auction
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  16. The effect of tasks and language learning goals on oral performance
    A processing-based outlook
    Author: Ben Maad, Mohamed Ridha
    Published: 2011
    Publisher:  LAP LAMBERT Academic Publishing, Saarbrücken

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    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9783844383676; 3844383670
    Other identifier:
    9783844383676
    Edition: 1. Auflage
    Other subjects: (Produktform)Paperback / softback; goal orientation; information-processing; restructuring; speaking; task difficulty; Automatization; (BISAC region code)3.1.7.0.0.0.0; (VLB-WN)1562: Allgemeine und Vergleichende Literaturwissenschaft
    Scope: Online-Ressource, 292 Seiten
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    Vom Verlag als Druckwerk on demand und/oder als E-Book angeboten
  17. Restructuring in France's innovation system
    from the mission-oriented model to a systemic approach of innovation
    Author: Dosso, Mafini
    Published: 2014
    Publisher:  Laboratory of Economics and Management, Sant'Anna School of Advanced Studies, Pisa

    The paper discusses the transitional phase of the French innovation system focusing on the activities that influence the development and diffusion of innovations. It shows that the current system combined persistent elements of the traditional... more

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    The paper discusses the transitional phase of the French innovation system focusing on the activities that influence the development and diffusion of innovations. It shows that the current system combined persistent elements of the traditional mission-oriented model with new systemic institutional structures, thus lengthening the transition towards a new model of innovation. Indeed the introduction of a bulk of reforms in a very short time, the lack of a clear long run agenda, the institutional inconsistencies have blurred the research and innovation policy trajectory and may affect the performances of France’s innovation system in the coming years.

     
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    Language: English
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    hdl: 10419/119820
    Series: LEM working paper series ; 2014/05
    Subjects: French innovation policies and system; activities; restructuring
    Scope: Online-Ressource (26 S.), graph. Darst.
  18. The political economy of privatization
    why do governments want reforms?
    Author: Börner, Kira Astrid
    Published: 2004
    Publisher:  Univ., Volkswirtschaftl. Fak., München

    International organizations promote privatization as precondition for economic development. But is there really too little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state-owned... more

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    International organizations promote privatization as precondition for economic development. But is there really too little privatization? This political economy model asks for the incentives of governments to privatize or restructure a state-owned firm. Different government types are compared to identify the political and institutional determinants of privatization. Under privatization, governments commit not to influence the profit-maximizing employment choice by private investors. With respect to the social optimum, both voter-oriented and egoistic governments can have inefficiently high incentives to privatize. When this is the case, outside pressure to privatize is detrimental. An improving institutional environment reduces these inefficiencies.

     
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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/104131
    Series: Munich discussion paper ; 2004-1
    Subjects: political incentives; privatization; restructuring; employment
    Scope: Online-Ressource ([1], 36 S.)
  19. The importance of reallocation for productivity growth
    evidence from European and US banking
    Author: Bos, Jaap W. B.; Santen, Peter C. van; Schilp, Paul
    Published: 2013

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Format: Online
    Series: GSBE research memoranda ; 13/056
    Subjects: market structure; efficiency; restructuring; stochastic frontier; banking
    Scope: Online-Ressource (31 S.), graph. Darst.
  20. The effect of electricity retail competition on retail prices
    Author: Su, Xuejuan
    Published: 2012
    Publisher:  Univ. of Alberta, Dep. of Economics, Edmonton

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    Series: Working paper / University of Alberta, Department of Economics ; 2012,21
    Subjects: electricity; restructuring; retail competition; retail price; difference-in-difference
    Scope: Online-Ressource ( S.), graph. Darst.
  21. Do empty creditors matter?
    evidence from distressed exchange offers
    Author: Danis, András
    Published: 2013
    Publisher:  Institute of Economics, Hungarian Academy of Sciences, Budapest

    I examine the effect of credit default swaps (CDSs) on the restructuring of distressed firms. Theoretically, I show that if bondholders are insured with CDSs, the participation rate in a restructuring decreases. Using a sample of distressed exchange... more

    Location:
    Staats- und Universitätsbibliothek Bremen
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 151 (2013,34)
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    I examine the effect of credit default swaps (CDSs) on the restructuring of distressed firms. Theoretically, I show that if bondholders are insured with CDSs, the participation rate in a restructuring decreases. Using a sample of distressed exchange offers, I estimate that the participation rate is 29% lower if the firm has CDSs traded on its debt, compared to an unconditional mean of 54%. I use the introduction of the Big Bang protocol as a natural experiment. The results suggest that firms with CDSs find it difficult to reduce debt out-ofcourt, which is inefficient because it increases the likelihood of future bankruptcy.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9786155243943
    Other identifier:
    hdl: 10419/108310
    Series: Discussion papers / Institute of Economics Hungarian Academy of Sciences ; 2013/34
    Subjects: credit default swaps; CDS; empty creditor; restructuring; bankruptcy
    Scope: Online-Ressource (61 S.), graph. Darst.
    Notes:

    Zsfassung in ungar. Sprache
  22. Recovery not fast enough?
    notes on speeding up
    Author: Patrón, Rossana
    Published: 2013
    Publisher:  School of Economics, Nottingham

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Keine Speicherung
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion papers in economics / School of Economics ; 13,06
    Subjects: training; labour mobility; restructuring; development
    Scope: Online-Ressource (9 S.), graph. Darst.