A Legal Framework for Systemic Bank Restructuring

Bank and Corporate Restructuring in Crisis- Affected East Asia: from Systemic Collapse

Restructuring the Russian Economy: Problems and Tendencies

This paper reviews recent developments and progress in the restructuring of the Russian economy. Great emphasis is placed on industrial policy and creating the necessary legal and regulatory framework to enable the development of new enterprises, markets and the restructuring of existing state-owned enterprises.

Is Cheaper Always More Attractive? Target Attributes and the Gains from Acquisitions in Different Legal Environments

Previous U.S. M&A studies have shown that the acquisitions of under-performing firms by well-performing firms generate greater synergies; however this is inconsistent with the well-documented “Cherry Picking” behavior of foreign investors in emerging markets. This paper develops a theory within the “law and finance” framework to explain this puzzle. First, highly profitable firms will self sele...

Target setting in the process of merging and restructuring of decision-making units using multiple objective linear programming

This paper presents a novel approach to achieving the goals of data envelopment analysis in the process of reconstruction and integration of decision-making units by using multiple objective linear programming. In this regard, first, we review inverse data envelopment analysis models for data reconstruction and integration. We present a model with multi-objective linear programming structure in...

Credit rating of the bank legal customers by using the improved modified Russell model (Case study: the legal customers of Arak Melli Bank)

The most exchange volume in a country will be obtained through bank system whose correct function will have a determinant role in improving economic activities. Nowadays, the customer’s rating and accreditation subject has been considered more than before by the banks due to increase the volume of overdue claims and banks’ past over dues. One of the most important tools for controlling the bank...