• 1 Introduction
  • 2 The economics of bankruptcy and debt restructuring
  • 2.1 Key elements of the German bankruptcy code
  • 2.2 Determinants of successful debt restructurings
  • 2.3 Prior empirical evidence
  • 3 Data and hypotheses
  • 3.1 Sampling procedure
  • 3.2 Sample characteristics
  • 3.3 Hypotheses and variables
  • 4 Descriptive statistics and estimation results
  • 4.1 Descriptive statistics
  • 4.2 Prediction of successful debt restructurings
  • 4.3 Evidence from stock returns
  • 5 Summary and conclusions
  • Appendices<br<Bibliography