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The post-Altman models suffer from moral amortization. This paper asks whether models developed in one country can be applied in other economies. One of the characteristics of the prediction model is that a date drives the estimation. Thus, the estimated model based on one economy is not...
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This paper examines the phenomenon of management-initiated, court-supervised reorganization of companies in U ….S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and … Bayesian Persuasion with asymmetric information vis-à-vis the judge. This mechanism endogenously results in the reorganization …
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The paper examines the main issues involved in translating domestic bankruptcy procedures to the sovereign context. It … considers some of the principles by which domestic bankruptcy procedures operate, and the extent to which they apply to …
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The paper examines the main issues involved in translating domestic bankruptcy procedures to the sovereign context. It … considers some of the principles by which domestic bankruptcy procedures operate, and the extent to which they apply to …
Persistent link: https://www.econbiz.de/10010279277