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Bankruptcy Law
White, Michelle J. - In: Handbook of Law and Economics
Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient firms out of business, thereby raising the average...
Persistent link: https://www.econbiz.de/10005227974
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Chapter 14 Bankruptcy Law
White, Michelle J. - In: Handbook of law and economics : volume 2, (pp. 1013-1072). 2007
Bankruptcy is the legal process whereby financially distressed firms, individuals, and occasionally governments resolve their debts. The bankruptcy process for firms plays a central role in economics, because competition drives inefficient firms out of business, thereby raising the average...
Persistent link: https://www.econbiz.de/10014023496
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Indirect costs of financial distress and bankruptcy law : evidence from trade credit and sales
Sautner, Zacharias; Vladimirov, Vladimir - In: Review of finance : journal of the European Finance … 22 (2018) 5, pp. 1667-1704
Persistent link: https://www.econbiz.de/10012005778
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Determinants of the choice of formal bankruptcy procedure : an international comparison of reorganization and liquidation
Wang, Chien-an - In: Emerging markets finance & trade : a journal of the … 48 (2012) 2, pp. 4-28
Persistent link: https://www.econbiz.de/10009622277
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It Takes Two To Tango: an empirical tale of distressed firms and assisting banks
de Jong, de Jong, A. - Erasmus Research Institute of Management (ERIM), … - 2004
We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are guided in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and...
Persistent link: https://www.econbiz.de/10010731431
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Bank relationships and the likelihood of filing for reorganization
Huang, Jiang-Chuan; Huang, Chin-Sheng; You, Chun-Fan - In: International Review of Economics & Finance 35 (2015) C, pp. 278-291
reorganization for a sample of Taiwanese firms in default. We find that bank relationships significantly influence the likelihood and … duration of a firm's decision on filing for reorganization. Firms with strong bank relationships exhibit significantly … decreased likelihood of filing for reorganization and increased length of time needed for making the decision. The findings …
Persistent link: https://www.econbiz.de/10011077046
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The Choice between Reorganization and Deferred Payment for Troubled Businesses
Wang, Jue-Shyan; Tsai, Pei-Hsin - In: Journal of Economics and Management 5 (2009) 1, pp. 83-110
A solid and sound bankruptcy system is a crucial pillar that is needed to sustain the stability of any competitive, free-market economy and to protect any highly-developed financial market from serious crashes. When faced with the demands of creditor banks, a firm in financial distress will...
Persistent link: https://www.econbiz.de/10008555982
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It Takes Two To Tango: an empirical tale of distressed firms and assisting banks
Jong, A. de - Erasmus Research Institute of Management (ERIM), ERIM … - 2004
We study the restructuring process of small and medium-sized firms in financial distress. We have a unique dataset with firms in the Netherlands that are guided in their restructuring effort by banks. Part of our dataset consists of firms that successfully restructure their operations and...
Persistent link: https://www.econbiz.de/10005288443
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Bank relationships and the likelihood of filing for reorganization
Huang, Jiang-Chuan; Huang, Chin-sheng; You, Chun-Fan - In: International review of economics & finance : IREF 35 (2015), pp. 278-291
Persistent link: https://www.econbiz.de/10011333660
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An Analysis of the Bankruptcy Reorganization Procedure in China
Leng, Fei - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 01, pp. 1350005-1
This paper analyzes the reorganization procedure introduced into the Chinese bankruptcy system in 2007. It shows that … managers devote more effort during the reorganization than before the bankruptcy when the emergence value of the bankrupt firm … necessarily lower than that under the old law. These results call attention to the potential costs of the reorganization procedure. …
Persistent link: https://www.econbiz.de/10010661026