Bernstein, Shai; Colonnelli, Emanuele; Giroud, Xavier; … - 2017
random assignment of bankruptcy judges as a source of exogenous variation in the probability of liquidation. We find that …How do different bankruptcy approaches affect the local economy? Using U.S. Census microdata at the establishment level …, we explore the spillover effects of reorganization and liquidation on geographically proximate firms. We exploit the …