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Survival Rates in Bankruptcy Systems: Overlooking the Evidence
12 references·16 citing·43 second hop
Survival Rates in Bankruptcy Systems: Overlooking the Evidence (2001)Survival Rates in Bankruptcy Systems: Ove…Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests (2000)Conflicts of Interest and Mar…Bankruptcy auctions: costs, debt recovery, and firm survival (2000)Bankruptcy auctions: costs, d…Effects of bankruptcy court protection on asset sales (1999)Effects of bankruptcy court p…Transactions Costs and Capital Structure Choice: Evidence from Financially Distressed Firms (1997)Transactions Costs and Capita…European Bankruptcy Laws: Implications for Corporations Facing Financial Distress (1996)European Bankruptcy Laws: Imp…A Comparison of US, UK, and German Insolvency Codes (1996)A Comparison of US, UK, and G…Postbankruptcy Performance and Management Turnover (1995)Postbankruptcy Performance an…Asset sales by financially distressed firms (1994)Asset sales by financially di…A comparison of financial recontracting in distressed exchanges and chapter 11 reorganizations (1994)A comparison of financial rec…Patterns in the Bankruptcy Reorganization of Large Publicly Held Companies (1993)Patterns in the Bankruptcy Re…Liquidation Values and Debt Capacity: A Market Equilibrium Approach (1992)Liquidation Values and Debt C…Troubled debt restructurings (1990)Troubled debt restructuringsDebt-to-equity conversion in bankruptcy reorganization and post-bankruptcy firm survival (2019)Debt-to-equity conversion in …Serving the creditors after insolvency filings: from value creation to value distribution (2017)Serving the creditors after i…Can innovative reforms and practices efficiently resolve financial distress? (2016)Can innovative reforms and pr…Business rescue: How can its success be evaluated at company level? (2015)Business rescue: How can its …On the Efficiency of Bankruptcy Law: Empirical Evidence in Spain (2013)On the Efficiency of Bankrupt…Financial and non-financial variables in predicting failure of small business reorganisation (2013)Financial and non-financial v…Firms’ performance under different bankruptcy systems: a Europe–USA empirical analysis (2011)Firms’ performance under diff…Effect of reorganization actions on the financial performance of small entrepreneurial distressed firms (2011)Effect of reorganization acti…From distress to exit: determinants of the time to exit (2010)From distress to exit: determ…Bankruptcy systems and economic performance across countries: some empirical evidence (2010)Bankruptcy systems and econom…Assessing viability of Finnish reorganization and bankruptcy firms (2010)Assessing viability of Finnis…Costs and recovery rates in the Dutch liquidation-based bankruptcy system (2008)Costs and recovery rates in t…Filtering Speed in a Continental European Reorganization Procedure (2007)Filtering Speed in a Continen…Costs and Recovery Rates in the Dutch Liquidation-Based Bankruptcy System (2007)Costs and Recovery Rates in t…It takes two to tango: An empirical tale of distressed firms and assisting banks (2006)It takes two to tango: An emp…Maximizing the Value of Distressed Assets: Bankruptcy Law and the Efficient Reorganization of Firms (2005)Maximizing the Value of Distr…Determinants of corporate borrowing (1977)On financial contracting (1979)Limited-dependent and qualitative variables in econometrics (1983)Monetary Policy and Credit Conditions: Evidence From the Composition of External Finance (1992)A Simple Approach to Valuing Risky Fixed and Floating Rate Debt (1995)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1999)Efficient and Durable Decision Rules with Incomplete Information (1983)Management turnover and financial distress (1989)The Economics of Bankruptcy Reform (1992)A barrier option framework for corporate security valuation (2003)Bankruptcy and the Resolution of Financial Distress**We thank the editor, B. Espen Eckbo, for helpful comments and suggestions. (2008)Corporate Debt Value, Bond Covenants, and Optimal Capital Structure (1994)The term structure of credit spreads with jump risk (2001)Credit Contagion from Counterparty Risk (2009)Securitization and Distressed Loan Renegotiation: Evidence from the Subprime Mortgage Crisis (2010)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Limits of Arbitrage (1995)A Survey of Corporate Governance (1997)Outside directors and CEO turnover (1988)Managerial discretion and optimal financing policies (1990)Is Corporate Governance Different for Bank Holding Companies? (2003)Labor unemployment risk and corporate financing decisions (2012)Using daily stock returns (1985)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Antecedents and Outcomes of Corporate Refocusing (1996)The costs of bankruptcy (2002)An Empirical Analysis of the Effect of Financial Distress on Trade Credit (2012)DEBT AND TAXES* (1977)The Theory of Capital Structure (1991)What Do We Know About Loss Given Default? (2004)Bidding strategies and takeover premiums: A review (2008)Collateralization, Bank Loan Rates, and Monitoring (2014)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Too Many to Fail - An Analysis of Time-inconsistency in Bank Closure Policies (2005)Creditor Control and Conflict in Chapter 11 (2009)\tThe Risk-Adjusted Cost of Financial Distress (2007)Trade-Off and Pecking Order Theories of Debt**We thank Long Chen, Sudipto Dasgupta, Espen Eckbo, Chris Hennessy, Jay Ritter, Michael Roberts, Tan Wang, and Jaime Zender for comments and helpful discussions. Murray Frank thanks Piper Jaffray for financial support. Vidhan Goyal thanks the Research Grants Council of the Hong Kong Special Administrative Region for financial support (Project No. 6489/06H). The literature on capital structure is vast, containing hundreds of papers, and so we cannot hope to cover it all. Inevitably, we have left out a great deal, much of it very important. As such, we apologize in advance for our inevitable oversights. Even more than usual, it must be stressed that this survey reflects only our views. (2008)Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure (2010)Bankruptcy in Strategic Studies: Past and Promise (1994)Corporate Governance and Bankruptcy Filing Decisions (2010)Employee Costs of Corporate Bankruptcy (2023)
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References

  • 1992Liquidation Values and Debt Capacity: A Market Equilibrium Approach2,901 cited
  • 1990Troubled debt restructurings1,096 cited
  • 1995Postbankruptcy Performance and Management Turnover569 cited
  • 1997Transactions Costs and Capital Structure Choice: Evidence from Financially Distressed Firms482 cited
  • 1994A comparison of financial recontracting in distressed exchanges and chapter 11 reorganizations461 cited
  • 2000Bankruptcy auctions: costs, debt recovery, and firm survival330 cited
  • 1996A Comparison of US, UK, and German Insolvency Codes236 cited
  • 2000Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests231 cited
  • 1994Asset sales by financially distressed firms187 cited
  • 1993Patterns in the Bankruptcy Reorganization of Large Publicly Held Companies113 cited
  • 1999Effects of bankruptcy court protection on asset sales113 cited
  • 1996European Bankruptcy Laws: Implications for Corporations Facing Financial Distress110 cited

Cited by

  • 2010Bankruptcy systems and economic performance across countries: some empirical evidence58 cited
  • 2008Costs and recovery rates in the Dutch liquidation-based bankruptcy system53 cited
  • 2005

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Maximizing the Value of Distressed Assets: Bankruptcy Law and the Efficient Reorganization of Firms
50 cited
  • 2010From distress to exit: determinants of the time to exit42 cited
  • 2007Filtering Speed in a Continental European Reorganization Procedure38 cited
  • 2010Assessing viability of Finnish reorganization and bankruptcy firms36 cited
  • 2019Debt-to-equity conversion in bankruptcy reorganization and post-bankruptcy firm survival32 cited
  • 2011Effect of reorganization actions on the financial performance of small entrepreneurial distressed firms31 cited
  • 2007Costs and Recovery Rates in the Dutch Liquidation-Based Bankruptcy System29 cited
  • 2016Can innovative reforms and practices efficiently resolve financial distress?27 cited
  • 2006It takes two to tango: An empirical tale of distressed firms and assisting banks26 cited
  • 2013Financial and non-financial variables in predicting failure of small business reorganisation22 cited
  • 2011Firms’ performance under different bankruptcy systems: a Europe–USA empirical analysis22 cited
  • 2013On the Efficiency of Bankruptcy Law: Empirical Evidence in Spain21 cited
  • 2017Serving the creditors after insolvency filings: from value creation to value distribution19 cited
  • 2015Business rescue: How can its success be evaluated at company level?17 cited