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Determinants of the choice of formal bankruptcy procedure : an international comparison of reorganization and liquidation
Wang, Chien-an - In: Emerging markets finance & trade : a journal of the … 48 (2012) 2, pp. 4-28
Persistent link: https://www.econbiz.de/10009622277
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It Takes Two To Tango: an empirical tale of distressed firms and assisting banks
de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2004
We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are guided in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and...
Persistent link: https://www.econbiz.de/10010731431
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The Choice between Reorganization and Deferred Payment for Troubled Businesses
Wang, Jue-Shyan; Tsai, Pei-Hsin - In: Journal of Economics and Management 5 (2009) 1, pp. 83-110
A solid and sound bankruptcy system is a crucial pillar that is needed to sustain the stability of any competitive, free-market economy and to protect any highly-developed financial market from serious crashes. When faced with the demands of creditor banks, a firm in financial distress will...
Persistent link: https://www.econbiz.de/10008555982
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It Takes Two To Tango: an empirical tale of distressed firms and assisting banks
Jong, A. de - Erasmus Research Institute of Management (ERIM), ERIM … - 2004
We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are guided in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and...
Persistent link: https://www.econbiz.de/10005288443
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An Analysis of the Bankruptcy Reorganization Procedure in China
Leng, Fei - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 01, pp. 1350005-1
This paper analyzes the reorganization procedure introduced into the Chinese bankruptcy system in 2007. It shows that … managers devote more effort during the reorganization than before the bankruptcy when the emergence value of the bankrupt firm … necessarily lower than that under the old law. These results call attention to the potential costs of the reorganization procedure. …
Persistent link: https://www.econbiz.de/10010661026
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Determinants of the Choice of Formal Bankruptcy Procedure: An International Comparison of Reorganization and Liquidation
Wang, Chien-An - In: Emerging Markets Finance and Trade 48 (2012) 2, pp. 4-28
liquidation. The evidence shows that the judicial efficiency of debt enforcement had greater effects on the reorganization choice … liquidation over reorganization, and creditors relied on the future value of the viable firm and judicial efficiency to decide … between reorganization and liquidation. The results highlighted that the bankruptcy code and its enforceability efficiency …
Persistent link: https://www.econbiz.de/10010612783
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Survival Rates in Bankruptcy Systems: Overlooking the Evidence
Couwenberg, Oscar - In: European Journal of Law and Economics 12 (2001) 3, pp. 253-273
Persistent link: https://www.econbiz.de/10005705276
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The supply chain effects of bankruptcy
Yang, S. Alex; Birge, John R.; Parker, Rodney P. - In: Management science : journal of the Institute for … 61 (2015) 10, pp. 2320-2338
Persistent link: https://www.econbiz.de/10011386122
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An analysis of the bankruptcy reorganization procedure in China
Leng, Fei - In: Review of Pacific Basin financial markets and policies 16 (2013) 1, pp. 1-32
Persistent link: https://www.econbiz.de/10010233373
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Why do unsuccessful companies survive? : U.S. airlines, aircraft leasing, and GE : 2000-2008
Dissanaike, Gishan; Jayasekera, Ranadeva; Meeks, Geoffrey - In: Business history review 96 (2022) 3, pp. 615-642
Persistent link: https://www.econbiz.de/10013469939