The Case for the KCC Reform over Creditor Protection Provisions on M&As

2020 ◽  
Vol 34 (3) ◽  
pp. 149-182
Author(s):  
Hyeok-Joon RHO
Keyword(s):  
Creditor Protection

scholarly journals Capital Structure Decisions around the World: Which Factors Are Reliably Important?

2015 ◽  
Vol 50 (3) ◽  
pp. 301-323 ◽  
Author(s):  
Özde Öztekin
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Creditor Protection ◽  
High Quality ◽  
Large Sample ◽  
The World ◽  
Adjustment Speed ◽  
Target Leverage ◽  
Debt Holders

AbstractThis article examines the international determinants of capital structure using a large sample of firms from 37 countries. The reliable determinants for leverage are firm size, tangibility, industry leverage, profits, and inflation. The quality of the countries’ institutions affects leverage and the adjustment speed toward target leverage in significant ways. High-quality institutions lead to faster leverage adjustments, whereas laws and traditions that safeguard debt holders relative to stockholders (e.g., more effective bankruptcy procedures and stronger creditor protection) lead to higher leverage.

scholarly journals Stock Prices in the Presence of Liquidity Crises: The Effect of Creditor Protection

Economica ◽  
2014 ◽  
Vol 81 (322) ◽  
pp. 329-347 ◽  
Author(s):  
Galina Hale ◽  
Assaf Razin ◽  
Hui Tong
Keyword(s):  
Stock Prices ◽  
Creditor Protection ◽  
Liquidity Crises
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