Blazy, Régis; Petey, Joël; Weill, Laurent - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2010
The aim of this paper is to provide new evidence on the value-creation process taking place in bankruptcy procedures … extent the debtor’s value can be preserved under bankruptcy by analyzing the recovery rates in France, Germany, and the … United Kingdom. We use a unique European sample of 900 corporate bankruptcy files that were manually collected in commercial …