The Impact of Bankruptcy Rules on Risky Project Choice and Skill Formation under Credit Rationing
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Cornelli, Francesca & Felli, Leonardo, 1997.
"Ex-ante efficiency of bankruptcy procedures,"
European Economic Review, Elsevier, vol. 41(3-5), pages 475-485, April.
- Francesca Cornelli & Leonardo Felli, 1996. "Ex-ante Efficiency of Bankruptcy Procedures," Finance 9610001, University Library of Munich, Germany.
- Philippe Aghion & Patrick Bolton, 1992. "An Incomplete Contracts Approach to Financial Contracting," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(3), pages 473-494.
- Harris, Milton & Raviv, Artur, 1991. "The Theory of Capital Structure," Journal of Finance, American Finance Association, vol. 46(1), pages 297-355, March.
- Gertner, Robert & Scharfstein, David, 1991.
"A Theory of Workouts and the Effects of Reorganization Law,"
Journal of Finance, American Finance Association, vol. 46(4), pages 1189-1222, September.
- Robert Gertner & David Scharfstein, 1991. "A Theory of Workouts and the Effects of Reorganization Law," NBER Technical Working Papers 0103, National Bureau of Economic Research, Inc.
- Moore, Robert R, 1993.
"Asymmetric Information, Repeated Lending, and Capital Structure,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 25(3), pages 393-409, August.
- Robert R. Moore, 1991. "Asymmetric information, repeated lending, and capital structure," Financial Industry Studies Working Paper 91-2, Federal Reserve Bank of Dallas.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Clas Wihlborg, 2002. "Insolvency and Debt Recovery Procedures in Economic Development: An Overview of African Law," WIDER Working Paper Series DP2002-27, World Institute for Development Economic Research (UNU-WIDER).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Régis Blazy & Laurent Weill, 2006.
"The Impact of Legal Sanctions on Moral Hazard when Debt Contracts are Renegotiable,"
LSF Research Working Paper Series
06-09, Luxembourg School of Finance, University of Luxembourg.
- Régis Blazy & Laurent Weill, 2007. "The impact of legal sanctions on moral hazard when debt contracts are renegotiable?," Working Papers CEB 07-012.RS, ULB -- Universite Libre de Bruxelles.
- Régis Blazy & Laurent Weill, 2007. "The impact of legal sanctions on moral hazard when debt contracts are renegotiable?," DULBEA Working Papers 07-06.RS, ULB -- Universite Libre de Bruxelles.
- Blazy, Régis & Deffains, Bruno & Umbhauer, Gisèle & Weill, Laurent, 2013.
"Severe or gentle bankruptcy law: Which impact on investing and financing decisions?,"
Economic Modelling, Elsevier, vol. 34(C), pages 129-144.
- Régis Blazy & Bruno Deffains & Gisele Umbhauer & Laurent Weill, 2013. "Severe or gentle bankruptcy law : Which impact on investing and financing decisions ?," Post-Print hal-01753883, HAL.
- Stein, Jeremy C., 2003.
"Agency, information and corporate investment,"
Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 2, pages 111-165,
Elsevier.
- Jeremy C. Stein, 2001. "Agency, Information and Corporate Investment," NBER Working Papers 8342, National Bureau of Economic Research, Inc.
- Régis Blazy & Gisèle Umbhauer & Laurent Weill, 2008. "How Bankruptcy Punishment Influences the Ex-Ante Design of Debt Contracts?," LSF Research Working Paper Series 08-04, Luxembourg School of Finance, University of Luxembourg.
- Hart, Oliver & Moore, John, 1995.
"Debt and Seniority: An Analysis of the Role of Hard Claims in Constraining Management,"
American Economic Review, American Economic Association, vol. 85(3), pages 567-585, June.
- Oliver Hart & John Moore, 1994. "Debt and Seniority: An Analysis of the Role of Hard Claims in Constraining Management," NBER Working Papers 4886, National Bureau of Economic Research, Inc.
- Gennaioli, Nicola & Rossi, Stefano, 2008. "Optimal Resolutions of Financial Distress by Contract," CEI Working Paper Series 2008-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Régis Blazy & Laurent Weill, 2006. "How Recovery Process Influences the Design of Debt Contracts?," LSF Research Working Paper Series 06-08, Luxembourg School of Finance, University of Luxembourg.
- Fisher, Timothy C G & Martel, Jocelyn, 1995.
"The Creditors' Financial Reorganization Decision: New Evidence from Canadian Data,"
The Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(1), pages 112-126, April.
- Timothy C. G. Fisher & Jocelyn Martel, 1994. "The Creditors' Financial Reorganization Decision: New Evidence from Canadian Data," CIRANO Working Papers 94s-21, CIRANO.
- Fisher, T.C.G. & Martel, J., 1994. "The Creditors' Financial Reorganization Decision: New Evidence from Canadian Data," Cahiers de recherche 9417, Universite de Montreal, Departement de sciences economiques.
- Fisher, T.C.G. & Martel, J., 1994. "The Creditors' Financial Reorganization Decision: New Evidence from Canadian Data," Cahiers de recherche 9417, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Satoshi Koibuchi, 2012. "Debt Forgiveness during Japan’s Lost Decade," Chapters, in: James R. Barth & Chen Lin & Clas Wihlborg (ed.), Research Handbook on International Banking and Governance, chapter 32, Edward Elgar Publishing.
- Gordon M Phillips & Vojislav Maksimovic, 1996. "Efficiency of Bankrupt Firms and Industry Conditions: Theory and Evidence," Working Papers 96-12, Center for Economic Studies, U.S. Census Bureau.
- Ghosh, Saibal, 2009. "Productivity and Financial Structure: Evidence from Indian High-Tech Firms," MPRA Paper 19467, University Library of Munich, Germany.
- Arturo Bris & Ivo Welch, 2005.
"The Optimal Concentration of Creditors,"
Journal of Finance, American Finance Association, vol. 60(5), pages 2193-2212, October.
- Ivo Welch & Bris, Arturo, 2001. "The Optimal Concentration of Creditors," Cowles Foundation Discussion Papers 1338, Cowles Foundation for Research in Economics, Yale University, revised Jan 2002.
- Ivo Welch & Arturo Bris, 2001. "The Optimal Concentration of Creditors," Yale School of Management Working Papers ysm248, Yale School of Management, revised 01 Apr 2004.
- Ivo Welch & Arturo Bris, 2001. "The Optimal Concentration of Creditors," Yale School of Management Working Papers ysm248, Yale School of Management, revised 01 Apr 2004.
- Arturo Bris & Ivo Welch, 2001. "The Optimal Concentration of Creditors," NBER Working Papers 8652, National Bureau of Economic Research, Inc.
- Miglo, Anton, 2022. "Theories of financing for entrepreneurial firms: a review," MPRA Paper 115835, University Library of Munich, Germany.
- Giacinta CESTONE, 2001.
"Venture Capital Meets Contract Theory: Risky Claims or Formal Control?,"
UFAE and IAE Working Papers
480.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Cestone, Giacinta, 2002. "Venture Capital Meets Contract Theory: Risky Claims or Formal Control?," CEPR Discussion Papers 3462, C.E.P.R. Discussion Papers.
- Guillaume Colosiez & Mouldi Djelassi, 1993. "La redécouverte des cycles financiers," Revue d'Économie Financière, Programme National Persée, vol. 26(3), pages 109-144.
- Régis Blazy & Bertrand Chopard & Agnès Fimayer & Jean-Daniel Guigou, 2007.
"Financial versus Social Efficiency of Corporate Bankruptcy Law: the French Dilemma?,"
LSF Research Working Paper Series
07-02, Luxembourg School of Finance, University of Luxembourg.
- Régis Blazy & Bertrand Chopard & Agnès Fimayer & Jean-Daniel Guigou, 2009. "Financial versus Social Efficiency of Corporate Bankruptcy Law: the French Dilemma?," Working Papers of BETA 2009-12, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Acharya, Viral V. & Sundaram, Rangarajan K. & John, Kose, 2011.
"Cross-country variations in capital structures: The role of bankruptcy codes,"
Journal of Financial Intermediation, Elsevier, vol. 20(1), pages 25-54, January.
- John, Kose & Acharya, Viral & Sundaram, Rangarajan K, 2005. "Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes," CEPR Discussion Papers 4916, C.E.P.R. Discussion Papers.
- Martel, Jocelyn, 1996. "Solutions au stress financier," L'Actualité Economique, Société Canadienne de Science Economique, vol. 72(1), pages 51-78, mars.
- Daniel Tut, 2022.
"Debt dynamic, debt dispersion and corporate governance,"
International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 19(4), pages 744-771, July.
- Tut, Daniel, 2022. "Debt Dynamic, Debt Dispersion and Corporate Governance," MPRA Paper 113673, University Library of Munich, Germany.
- Olivier Saulpic & Hervé Tanguy, 2000. "L'Impact De La Structure Financiere Sur Les Decisions Strategiques : Le Cas Du Negoce De Vin Bourguignon," Post-Print halshs-00587511, HAL.
More about this item
Keywords
credit rationing; Bankruptcy rules; Financing;All these keywords.
JEL classification:
- A10 - General Economics and Teaching - - General Economics - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENT-2001-11-05 (Entrepreneurship)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:cbsfin:2001_005. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Lars Nondal (email available below). General contact details of provider: https://edirc.repec.org/data/cbschdk.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.