Results 201 to 210 of about 81,276 (261)
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Bankruptcy and the COVID-19 Crisis
Social Science Research Network, 2020We examine the impact of the COVID-19 economic crisis on business and consumer bankruptcies in the United States using real-time data on the universe of filings.
Jialan Wang +3 more
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Journal of Corporate Finance, 1999
Abstract This paper examines whether mandatory auctions promote the efficient restructuring of distressed firms relative to a reorganization-based bankruptcy system such as Chapter 11. Under a mandatory auction system, aggressive bidding by a coalition of incumbent management and pre-bankruptcy creditors may deter outside bidders, may result in the ...
Edith S. Hotchkiss, Robert M. Mooradian
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Abstract This paper examines whether mandatory auctions promote the efficient restructuring of distressed firms relative to a reorganization-based bankruptcy system such as Chapter 11. Under a mandatory auction system, aggressive bidding by a coalition of incumbent management and pre-bankruptcy creditors may deter outside bidders, may result in the ...
Edith S. Hotchkiss, Robert M. Mooradian
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SSRN Electronic Journal, 2002 The law of corporate reorganizations is conventionally justified as a way to preserve a firm's going-concern value: Specialized assets in a particular firm are worth more together in that firm than anywhere else. This paper shows that this notion is mistaken. Its flaw is that it lacks a well-developed understanding of the nature of a firm.
Baird, Douglas G., Rasmussen, Robert K.
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Zeitschrift für Operations Research, 1987
Bankruptcy problems are considered from a game theoretic point of view. Solution concepts from cooperative game theory are studied for bankruptcy games. A necessary and sufficient condition for a division rule for bankruptcy problems to be a game theoretic rule is given. A new division rule which is an adjustment of the proportional rule is given. This
M. Maschler, Stef Tijs, I. J. Curiel
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Bankruptcy problems are considered from a game theoretic point of view. Solution concepts from cooperative game theory are studied for bankruptcy games. A necessary and sufficient condition for a division rule for bankruptcy problems to be a game theoretic rule is given. A new division rule which is an adjustment of the proportional rule is given. This
M. Maschler, Stef Tijs, I. J. Curiel
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Corporate Bankruptcy Prediction: An Approach Towards Better Corporate World
Computer/law journal, 2020The area of corporate bankruptcy prediction attains high economic importance, as it affects many stakeholders. The prediction of corporate bankruptcy has been extensively studied in economics, accounting and decision sciences over the past two decades.
Talha Mahboob Alam +6 more
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Dissecting Bankruptcy Frictions
Journal of Financial Economics, 2020How efficient is corporate bankruptcy in the U.S.? Two frictions, asymmetric information and conflicts of interest among creditors, can cause several inefficiencies: excess liquidation, excess continuation, and excess delay.
W. Dou +3 more
semanticscholar +1 more source
SSRN Electronic Journal, 2007
For two reasons, the conventional wisdom is that the poor are not heavy users of the insolvency system. First, creditors are reluctant to extend credit to the poor because the risks of non-payment are high. Not having been able to borrow, the poor are not over-indebted and are therefore not in need of bankruptcy protection.
Saul Schwartz +2 more
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For two reasons, the conventional wisdom is that the poor are not heavy users of the insolvency system. First, creditors are reluctant to extend credit to the poor because the risks of non-payment are high. Not having been able to borrow, the poor are not over-indebted and are therefore not in need of bankruptcy protection.
Saul Schwartz +2 more
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Busy Bankruptcy Courts and the Cost of Credit
Journal of Financial Economics, 2020What are the costs of congested court systems? This paper studies the 2005 consumer bankruptcy reform, which caused the largest recorded drop in the caseload of bankruptcy courts in the United States. The reform changed the law for individual debtors but
Karsten Müller
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Supply Chain Contract Design Under Financial Constraints and Bankruptcy Costs
Management Sciences, 2016We study contract design and coordination of a supply chain with one supplier and one retailer, both of which are capital constrained and in need of short-term financing for their operations. Competitively priced bank loans are available, and the failure
P. Kouvelis, Wenhui Zhao
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Bankruptcy related contracting and bankruptcy functions
2020A bankruptcy system is believed necessary to solve a coordination problem among the creditors of a distressed firm. The firm should survive if its going concern value exceeds its liquidation value, but each creditor, who is assumed to hold debt that is small in relation to the total, has too little at stake to coordinate a restructuring, and so pursues
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