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Do liquidation values affect financial contracts? : Evidence from commercial loan contracts and zoning regulation

Benmelech, Efraim; Garmaise, Mark J.; Moskowitz, Tobias J. - In: The quarterly journal of economics 120 (2005) 3, pp. 1121-1154

Persistent link: https://www.econbiz.de/10003172166

Liquidation values and the credibility of financial contract renegotiation : evidence from US airlines

Benmelech, Efraim; Bergman, Nittai K. - In: The quarterly journal of economics 123 (2008) 4, pp. 1635-1677

Persistent link: https://www.econbiz.de/10003779691

Liquidation Values and the Credibility of Financial Contract Renegotiation : Evidence from U.S. Airlines

Benmelech, Efraim - 2008

How do liquidation values affect financial contract renegotiation? While the 'incomplete contracting' theory of financial contracting predicts that liquidation values determine the allocation of bargaining power between creditors and debtors, there is little empirical evidence on financial...

Persistent link: https://www.econbiz.de/10012464587

Liquidation Values and the Credibility of Financial Contract Renegotiation : Evidence from U.S. Airlines

Benmelech, Efraim - 2008

How do liquidation values affect financial contract renegotiation? While the amp;apos;incomplete contractingamp;apos; theory of financial contracting predicts that liquidation values determine the allocation of bargaining power between creditors and debtors, there is little empirical evidence on...

Persistent link: https://www.econbiz.de/10012771713