We develop a bargaining model that assumes a senior creditor can exert strong control over whether a firm reorganizes as a going-concern or liquidates during the bankruptcy process. The estimable parameters of the model allow us to gauge the efficiency of bankruptcy outcomes using a large sample...

We study the risks and returns of syndicated corporate loans, which have become an actively managed asset class due to the emergence of nonbank institutional investors. We show that the returns to corporate loans have slightly negative interest rate duration and time-varying exposure to default...

This book outlines a number of different tools for mapping strategic knowledge, and thus making knowledge more accessible. It provides informed analysis and theory, and considers the contribution of these studies to management practice

This paper argues that for us to advance our thinking on the management of change, it may be useful to re-conceive of change as a process of knowledge generation. For organisational transformation to occur, an organisation's members need to evolve new tacit knowledge about the way they interact...