Exact(1)
Thus, creditors influence divestiture decisions and obtain the majority of asset sale proceedings instead of reinvesting them into the firm.
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Do Creditors Actively Influence Corporate Tax Planning?
It is based on their recent article, "Do Creditors Actively Influence Corporate Tax Planning?
"The reality is we can't influence creditors, they'll make their decisions, but the two biggest creditors I'm sure everyone's aware are HMRC and Ticketus," said the former Sheffield United chief executive.
The creditors, which have strong influence over Global Crossing's future after it filed for bankruptcy protection in late January, have told the Asian companies, Hutchison Whampoa of Hong Kong and Singapore Technologies Telemedia, that their $750 million offer was unacceptable, these people said.
How those cases unfold may well influence investors and creditors, hampering the markets' recovery in 2003.
The former orientation has for the most part focused on the influence that stronger creditors' rights have on, inter alia: capital structure (El Ghoul et al. 2012); bankruptcy (Claessens and Klapper 2005; Djankov et al. 2007); and more risk-taking by financial institutions (Houston et al. 2010; Acharya et al. 2011).
Foreign shareholders oppose the nominations, citing "undue influence" of the creditor banks.
I also show evidence of a tightening of credit to impacted firms, helping shed light on the mechanism of influence via pressure from creditors.
That is because default sharply increases the cost of future borrowing, and possibly because creditors enjoy a lot of political influence.
Mr Baker's Carlyle Group is in a consortium secretly proposing to try to collect $27bn£15bnbn) on behalf of Kuwait, one of Iraq's biggest creditors, by using high-level political influence.
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