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 …

The objective of this article is to observe stock prices of firms around their filing for liquidation or reorganization … protection of the American bankruptcy code for a holding period of between 1 and 5 months after the announcement date. …

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 …

bankruptcy mechanism and is hard to enforce. We show empirically that the two assets are more similar than you think, at least …