benchmark bankruptcy prediction model for assessing company liquidation. It finds that the former is more accurate in predicting …Recent research questions whether bankruptcy is the best proxy for assessing going concern since filing for bankruptcy …‐oriented countries such as the USA, liquidation is the most likely outcome of corporate insolvency in creditor‐oriented countries such as …

. Findings – During the first quarter of 2002, almost 10,000 US‐based businesses filed for bankruptcy. Some companies were doomed …

acquisition case study of the 1996 Marvel Entertainment Group (Marvel) bankruptcy. It draws on previously published Graham and … can be ideal for identifying value that may be hidden in the confusion and distress of bankruptcy. Research limitations …

Financial frictions have been documented as an important determinant of firm dynamics. In this paper I model bankruptcy … procedures, liquidation in particular, as an institutional feature that affects both sides of financial transactions. I construct … a model of firm dynamics that generate endogenous borrowing limits and I find that a) inefficient bankruptcy procedures …