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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The Determinants of Corporate Leverage: A Panel Data Analysis
30 Nov 2009
RDP
PDF
104KB
2.1.2 Bankruptcy and Financial Distress Costs. In the Modigliani-Miller world there are no bankruptcy costs. ... Altman (1984) finds that indirect bankruptcy costs average17.5 per cent of firm value one year prior to bankruptcy.
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9313.pdf
The Real Effects of Debt Covenants: Evidence from Australia
24 Oct 2022
RDP
PDF
1647KB
violations of their terms occur more frequently than defaults or bankruptcies (Dichev and.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-05.pdf
Agency Costs, Balance Sheets and the Business Cycle
30 Nov 2009
RDP
PDF
114KB
The firm, through its manager, isassumed to maximise expected profits less expected bankruptcy costs. ... incentive problems and the determinants of capital structure. 11risky. Also, expected bankruptcy costs are a decreasing function of equity.
https://www.rba.gov.au/publications/rdp/1993/pdf/rdp9311.pdf
The Role of Collateral in Borrowing
14 Jan 2021
RDP
PDF
1784KB
15 September, the first business day after Lehman Brothers declared bankruptcy.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-01.pdf
The Influence of Financial Factors on Corporate Investment
30 Nov 2009
RDP
PDF
53KB
The present value of these expected costs should be reflectedin current financing costs (whether or not the firm actually enters bankruptcy).Finally, there are issues of taxation, shareholder dilution, control of ... use a ‘q’ model extended to
https://www.rba.gov.au/publications/rdp/1994/pdf/rdp9402.pdf
Why Do Companies Fail?
21 Nov 2016
RDP
PDF
1050KB
Keywords: failure; bankruptcy; business cycle; financial stability; leverage. Table of Contents. ... 9 Under Australian law, the term ‘insolvency’ is usually used with reference to companies, and ‘bankruptcy’ is used in.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-09.pdf
The Impact of Payment System Design on Tiering Incentives
28 Jan 2015
RDP
PDF
862KB
Payments flagged as. 3 For instance, under the ‘zero hour’ rule, a court may date the bankruptcy of an institution. ... from the midnight before the bankruptcy order is made, in which case payments made on the day of default are reversed.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-06.pdf
Is Pitchford Right? Current Account Adjustment, Exchange Rate Dynamics and Macroeconomic Policy
19 Nov 2012
RDP
PDF
954KB
In. this case, however, the borrower has the option of bankruptcy,. ... into bankruptcy. As a theory of economic behaviour for. individuals, this reasoning is, at best, dubious; applied to the.
https://www.rba.gov.au/publications/rdp/1990/pdf/rdp9001.pdf
Monetary Policy Goals for Inflation in Australia
30 Nov 2009
RDP
PDF
85KB
or facing bankruptcy. 8. distribution of sectoral shocks. The problem of nominal rigidity may well be mostacute in sectors which are performing badly, where a fall in relative prices and/orwages
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9503.pdf
Stress Testing the Australian Household Sector Using the HILDA Survey
5 Mar 2015
RDP
PDF
1095KB
9 As a reference point, personal bankruptcies and other administrations as a share of the adult. ... household assets less non-retirees’ superannuation and life insurance assets (both of which are generally protected from creditors in bankruptcy
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-01.pdf