| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089708 | Journal of Banking & Finance | 2012 | 14 Pages |
Abstract
⺠No strategic default effect for firms with public debt. ⺠Significant shareholder advantage effect for firms with only private debt. ⺠shareholder dispersions and short-term debtholders hinder strategic default effect. ⺠Renegotiation friction helps explain strategic default effect on asset prices.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Andrew Jianzhong Zhang,