We study the risks and returns of syndicated corporate loans, which have become an actively managed asset class due to the emergence of nonbank institutional investors. We show that the returns to corporate loans have slightly negative interest rate duration and time-varying exposure to default...

We develop a bargaining model that assumes a senior creditor can exert strong control over whether a firm reorganizes as a going-concern or liquidates during the bankruptcy process. The estimable parameters of the model allow us to gauge the efficiency of bankruptcy outcomes using a large sample...

This book outlines a number of different tools for mapping strategic knowledge, and thus making knowledge more accessible. Anne Huff and Mark Jenkins have brought leading academics together to: * illustrate the contribution of knowledge mapping to central issues in strategy and organization...