researched frictions: bankruptcy and transaction costs. It is the hope that by studying financial frictions in isolation, we may …

1986 Individual Voluntary Arrangements (IVAs) havebeen available to return better recoveries than bankruptcy but returns …

same period the nature of the banks’ “safety net”, the sanction of bankruptcy and court action, has changed too. The effect …

The creation of a market in bankruptcy claims is the single most important development in the bankruptcy world since … the Bankruptcy Code’s enactment in 1978. Claims trading has revolutionized bankruptcy by making it a much more market … on doctrinal issues or used claims trading as a touchstone for the “Great Normative Bankruptcy Debate” about whether …

Numerous reasearch attempts in predicting business failures and or bankruptcy are well documented in corporate finance …. Attempts to develop bankruptcy prediction continues since commercial banks, public accounting firms, bond rating agencies, for … bankruptcy prediction research is geared towards the types of models that include statistical models (primarily, multiple …

We study the impacts of bankruptcy risk on the performance of market-based pollution control policies. In chapter one …, we concentrate on emissions trading markets. We find that firms that risk bankruptcy demand more permits than if they … were financially secure. Thus, bankruptcy risk in a competitive market for tradable permits causes an inefficient …