Regulator-initiated corporate debt restructuring: Evidence from Bangladesh

IF 1.7 Q3 MANAGEMENT

IIMB Management Review Pub Date : 2022-06-01 DOI:10.1016/j.iimb.2022.07.002

Saibal Saha Sunny , Cheng-Tao Tang

引用次数: 3

Abstract

Prior research reports that corporate debt restructuring can increase the stability of the participating bank by inflating the provision of restructured loans. This study evaluates how the stability of Bangladeshi commercial banks has changed following the implementation of the regulator-initiated corporate debt restructuring (RCDR) policy. Our comprehensive bank-level analysis reveals that debt restructuring has led to a reduction in non-performing loans (NPLs) and the provision of participating banks; however, these banks continue to experience lower stability after the policy period. This study provides a new and important insight into the debate on the effectiveness of debt restructuring on bank performance.

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监管机构发起的公司债务重组:来自孟加拉国的证据

先前的研究报告表明，公司债务重组可以通过增加重组贷款的供应来增加参与银行的稳定性。本研究评估了在实施监管机构发起的公司债务重组(RCDR)政策后，孟加拉国商业银行的稳定性是如何变化的。我们对银行层面的综合分析表明，债务重组导致了不良贷款(NPLs)的减少和参与银行的供应;然而，在政策期结束后，这些银行的稳定性继续下降。这项研究为债务重组对银行绩效的有效性的争论提供了一个新的和重要的见解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

IIMB Management Review MANAGEMENT-

CiteScore

3.20

自引率

5.90%

发文量

审稿时长

68 days

期刊介绍： IIMB Management Review (IMR) is a quarterly journal brought out by the Indian Institute of Management Bangalore. Addressed to management practitioners, researchers and academics, IMR aims to engage rigorously with practices, concepts and ideas in the field of management, with an emphasis on providing managerial insights, in a reader friendly format. To this end IMR invites manuscripts that provide novel managerial insights in any of the core business functions. The manuscript should be rigorous, that is, the findings should be supported by either empirical data or a well-justified theoretical model, and well written. While these two requirements are necessary for acceptance, they do not guarantee acceptance. The sole criterion for publication is contribution to the extant management literature.Although all manuscripts are welcome, our special emphasis is on papers that focus on emerging economies throughout the world. Such papers may either improve our understanding of markets in such economies through novel analyses or build models by taking into account the special characteristics of such economies to provide guidance to managers.