| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089252 | Journal of Banking & Finance | 2013 | 25 Pages |
Abstract
⺠Analysis of bankruptcy law impact on firms' investment choice. ⺠A game-theory principal-agent model with moral hazard and project choice is proposed. ⺠Soft bankruptcy law might trigger the choice of inefficient short-term projects. ⺠Help assess consequences of new bankruptcy codes designed as US Chapter 11 in the EU.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Emanuele Tarantino,