کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1000346 | 936983 | 2007 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
An examination of multiple plans in Chapter 11 reorganizations
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد، اقتصادسنجی و مالیه (عمومی)
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: An examination of multiple plans in Chapter 11 reorganizations An examination of multiple plans in Chapter 11 reorganizations](/preview/png/1000346.png)
چکیده انگلیسی
This paper provides a detailed descriptive analysis of multiple-plan Chapter 11 reorganizations and an empirical study of the determinants of multiple-plan adoption. In the presence of imperfect and asymmetric information multiple plans are a result of extended bargaining that facilitates the convergence of beliefs and resolution of incentives. The longer time in bankruptcy leads to costs that concern all claimants and affect recovery rates and deviations from absolute priority rules. The delay to reach a settlement is mainly due to firm valuation uncertainty, creditor coordination problems, shareholders receiving some consideration in the first plan, and presence of DIP financing.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Stability - Volume 3, Issue 3, October 2007, Pages 279–293
Journal: Journal of Financial Stability - Volume 3, Issue 3, October 2007, Pages 279–293
نویسندگان
Maria Carapeto,