Puchakayala, N. V. V. Satyanarayana; Veluchamyv, Ramanujam - In: Future Business Journal 9 (2023), pp. 1-10
An optimal bankruptcy regime is one which avoids taking/giving loans during financial crisis, provides a provision for entrepreneurship, and further provides for achieving a maximum total value for the distressed firm. The present study is aimed at understanding the concept of optimal bankruptcy...