Blazy, Régis; Chopard, Bertrand; Fimayer, Agnès; … - Luxembourg School of Finance, Faculté de droit, … - 2007
as a going concern or liquidation). Addressing this dilemma, we discuss the determinants of bankruptcy courts’ selection … which bankruptcy courts have to combine both social efficiency (maintaining employment) and ex post financial efficiency … employment by facilitating continuation and reducing the domino effects of bankruptcy. (2) the courts’ choice between rival …