Results 11 to 20 of about 352,506 (307)
Bankruptcy Costs and the New Bankruptcy Code [PDF]
The Journal of Finance, 1983 BANKRUPTCY COSTS are the deadweight economic costs of firms going bankrupt. They include both ex post bankruptcy costs incurred after a firm's bankruptcy filing, such as transactions costs, and ex ante bankruptcy costs incurred before the filing, such as those resulting from creditors' attempts to reduce their losses if bankruptcy occurs and/or ...
Jerold B. Warner, Michelle J. White
openaire +3 more sources
Undersampling bankruptcy prediction: Taiwan bankruptcy data
PLOS ONE, 2021 Machine learning models have increasingly been used in bankruptcy prediction. However, the observed historical data of bankrupt companies are often affected by data imbalance, which causes incorrect prediction, resulting in substantial economic losses.
Haoming Wang, Xiangdong Liu
openaire +5 more sources
The Agglomeration of Bankruptcy [PDF]
The Review of Financial Studies, 2014 This paper identifies a new channel through which bankrupt firms undergoing liquidation impose negative externalities on their nonbankrupt peers. The liquidation of a retail chain weakens the economies of agglomeration in any given local area, reducing the attractiveness of retail centers for remaining stores and leading to contagion of financial ...
Efraim Benmelech +3 more
openaire +2 more sources
Different Approaches to Bankruptcy [PDF]
SSRN Electronic Journal, 2000 Abstract In the last fifteen years or so, lawyers working in law and economics and economists with an interest in legal matters have turned their attention to the topic of bankruptcy. A large amount of work has resulted, both theoretical and empirical, some of which has been concerned with the functioning of existing bankruptcy ...
Oliver Hart, Oliver Hart
openaire +5 more sources
Stochastic bankruptcy games [PDF]
International Journal of Game Theory, 2011 We study bankruptcy problems where the estate and the claims have stochastic values and we allow these values to be correlated. We associate a transferable utility game with uncertainty to a stochastic bankruptcy problem and use the Weak Sequential Core as a solution concept for such games. We test the stability of a number of well known division rules
Helga Habis +2 more
openaire +7 more sources
PERSONAL-BANKRUPTCY CYCLES [PDF]
Macroeconomic Dynamics, 2010 This paper estimates the dynamics of the personal-bankruptcy rate over the business cycle by exploiting large cross-state variation. We find that bankruptcy rates are significantly above trend during a recession and rise as a recession persists. After a recession ends, there is a hangover in which bankruptcy rates begin to fall but remain above trend ...
Garrett, Thomas A., Wall, Howard J.
openaire +6 more sources
Sequential bankruptcy problems [PDF]
European Journal of Operational Research, 2019 In this paper, we analyze sequential bankruptcy problems, which generalize bankruptcy problems. They cover the problems of sharing water in a transboundary river and of allocating expedition rewards in projects. We propose the upwards mechanism for generalizing rules for bankruptcy problems to rules for sequential bankruptcy problems.
José-Manuel Giménez-Gómez +3 more
openaire +6 more sources
Review of Accounting Studies, 2015 AbstractWe examine bankruptcy within business groups. Groups have incentives to support financially distressed subsidiaries, as the bankruptcy of a subsidiary may impose severe costs on the group as a whole. This is in part because, in several countries, bankruptcy courts often “pierce the corporate veil” and hold groups liable for their distressed ...
William H. Beaver +3 more
openaire +3 more sources
Bankruptcy Law and Entrepreneurship [PDF]
American Law and Economics Review, 2008 Recent initiatives in a number of countries have sought to promote entrepreneurship through relaxing the legal consequences of personal bankruptcy. Whilst there is an intuitive link, relatively little attention has been paid to the question empirically, particularly in the international context.
John Armour, Douglas Cumming
openaire +4 more sources
The corporate bankruptcy decision [PDF]
Journal of Economic Perspectives, 1989 Economic theory suggests that bankruptcy should serve as a screening process designed to eliminate only those firms that are economically inefficient and whose resources could be better used in some other activity. However, firms typically file for bankruptcy voluntarily.
openaire +3 more sources