Bandopadhyaya, Arindam - In: The Review of Economics and Statistics 76 (1994) 2, pp. 346-50
The instantaneous probability (hazard rate) of a firm's exit from Chapter 11 protection is examined. Using the Weibull duration model, the effect of various regressors and the effect of the time a firm spends under Chapter 11 protection on this instantaneous probability is analyzed. I show that...