Search: bankruptcy
RBA Glossary definition for bankruptcy
bankruptcy – A legal status, which can be initiated by a creditor or person concerned, whereby the bankrupt's property is vested in a trustee and, with the exception of certain personal and professional property, is available for distribution to creditors.
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Capital Structure: Theory and Evidence
1 Dec 1993
RDP
9313
These bankruptcy/financial distress costs carry a number of implications for capital structure choices. ... capacity. Also, a heavy reliance upon debt results in high risks of bankruptcy.
https://www.rba.gov.au/publications/rdp/1993/9313/capital-structure-theory-evidence.html
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Why Do Companies Fail?
24 Nov 2016
RDP
2016-09
Research Discussion Paper – RDP 2016-09 Why Do Companies Fail? Rose Kenney, Gianni La Cava and David Rodgers. November 2016. 1. MB. balance sheet, debt, financial markets, financial stability. We explore the determinants of corporate failure in
https://www.rba.gov.au/publications/rdp/2016/2016-09.html
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Credit Losses at Australian Banks: 1980–2013
11 May 2015
RDP
2015-06
Research Discussion Paper – RDP 2015-06 Credit Losses at Australian Banks: 1980–2013 Abstract. David Rodgers. May 2015. 1.46. MB. banking, debt, financial markets, regulation. Credit risk – the risk that borrowers will not repay their loans
https://www.rba.gov.au/publications/rdp/2015/2015-06.html
The 1890s Depression
31 Dec 2001
RDP
2001-07
The aim of the legislation was to give financial institutions more time to resolve their difficulties by delaying bankruptcy proceedings and deferring depositors' claims. ... Also in April, the bankruptcy of the general manager of the Colonial Bank
https://www.rba.gov.au/publications/rdp/2001/2001-07/1890s-depression.html
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Conclusions
1 Nov 1993
RDP
9311
but to reduce the probability of subsequent bankruptcy and loss of their job. ... While we present no direct evidence in support of the view that this recapitalisation (or reliquefication) is an attempt to reduce the cost of external funds and reduce
https://www.rba.gov.au/publications/rdp/1993/9311/conclusions.html
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References
25 Oct 2022
RDP
2022-05
Berk JB, R Stanton and J Zechner (2010), ‘Human Capital, Bankruptcy, and Capital Structure’, The Journal of Finance, 65(3), pp 891–926.
https://www.rba.gov.au/publications/rdp/2022/2022-05/references.html
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The Model
22 Nov 2016
RDP
2016-07
In addition, we do not assume explicit bankruptcy costs; nonetheless, as we will show, default is still welfare reducing because it reduces the effectiveness of the OTC derivatives hedge.
https://www.rba.gov.au/publications/rdp/2016/2016-07/model.html
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Appendix D: Additional Stylised Facts
14 Mar 2016
RDP
2016-01
Figure D3 also shows that uncertainty lingered after the Lehman Brothers bankruptcy, even though sentiment recovered.
https://www.rba.gov.au/publications/rdp/2016/2016-01/appendix-d.html
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The Impact of Tiering on Risk
31 Dec 2012
RDP
2012-06
Furthermore, these payments – unlike those in RITS – may be subject to the ‘zero hour’ rule, which means that in the event of a bankruptcy, their finality can be challenged.
https://www.rba.gov.au/publications/rdp/2012/2012-06/impact-tier-risk.html
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References
20 Jan 2021
RDP
2021-01
Benmelech E and NK Bergman (2011), ‘Bankruptcy and the Collateral Channel’, The Journal of Finance, 66(2), pp 337–378.
https://www.rba.gov.au/publications/rdp/2021/2021-01/references.html
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