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Acquisitions of bankrupt assets

open access: yes
Buyers of bankrupt assets could be penalized because of uncertainty about the value of such assets given their poor performance, and the absence of a guarantee offered by bankrupt estates. On the other hand, they could be rewarded if imperfections in the
Jory, Surendranath R., Madura, Jeff
core  

Liquidation Values and Debt Capacity: A Market Equilibrium Approach.

open access: yes
The authors explore the determinants of liquidation values of assets, particularly focusing on the potential buyers of assets. When a firm in financial distress needs to sell assets, its industry peers are likely to be experiencing problems themselves ...
Shleifer, Andrei, Vishny, Robert W
core  

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