Bankruptcy and the Collateral Channel

By Efraim Benmelech, Nittai K. Bergman. 2011

276 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/baa8cb30ca09cbed256bb59400818fb10ebaacb9

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In Economics and Econometrics

Citations in the corpus

The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity (2018, unknown): “9 Previous research has examined the impact of finance on firm and aggregate employment (Benmelech et al. (2011),”
Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms (2016, background): “Regression analysis, controlling for several other factors that might influence survey scores, provides further evidence of the relationship.”
Enlarging the Contracting Space: Collateral Menus, Access to Credit, and Economic Activity (2016, unknown): “Critically, however, 2One exception is Benmelech and Bergman (2011), who look at the impact of increases of creditors’ rights on technological innovation in the airline industry across countries.”
The New Economics of Prudential Capital Controls: A Research Agenda (2011, background): “Empirical studies of financial amplification effects attempt to identify the price effects through which negative shocks to one agent have an adverse impact on other agents in the same sector (see for example Benmelech and Bergman, 2011).”
Breaking the Shackles: Zombie Firms, Weak Banks and Depressed Restructuring in Europe (2017, unknown): “…a new literature on the role of collateral in amplifying sectoral shocks, either through collateral firesales (real estate or equipment) or through agglomeration effects (Benmelech & Bergman 2011, Benmelech et al. 2014), and particularly housing in the case of small firms (Banerjee & Blicke 2016).”
How Collateral Laws Shape Lending and Sectoral Activity (2016, unknown): “…Djankov et al. (2003), Benmelech et al. (2005), Jimenez et al. (2006), Gan (2007), Djankov et al. (2007), Ono and Uesugi (2009), Benmelech (2009), Benmelech and Bergman (2009, 2011), Berger et al. (2011, 2013), Godlewski and Weill (2011), Chaney et al. (2012), Rampini and Viswanathan (2013),…”
Competition and the Cost of Debt (2012, unknown): “While there is no direct evidence for this effect, recent work supports the conjecture that bankruptcies of firms affect the industry rivals’ cost of debt financing and stock prices (Benmelech and Bergman, 2010; Hertzel and Officer, 2008; Lang and Stulz, 1992).”
Bankruptcy law and bank financing (2016, unknown): “5–9 Firm and Bank FE Interacted Forecasted Government Bank Channel Separately Controls Sales Bonds (1) (2) (3) (4) (5) (6) (7)”