Moraux, Franck; Silaghi, Florina - In: Journal of Corporate Finance 27 (2014) C, pp. 269-295
This paper develops a model of debt renegotiation in a structural framework that accounts for taxes, bankruptcy costs and renegotiation costs. To our knowledge, all the previous work on debt renegotiation implies an infinite number of renegotiations. This feature preempts the analysis of the...