Chatterjee, Sris; Dhillon, Upinder S.; Ramirez, Gabriel G. - In: Financial Management 25 (1996) 1
This paper examines empirically a comprehensive sample of firms undertaking Chapter 11 reorganizations, prepackaged bankruptcies, and workouts. We provide evidence that the restructuring decision depends on the degree of the firm's leverage, the severity of its liquidity crisis, the extent of...