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Handbook of Empirical Corporate Finance SET
book

Handbook of Empirical Corporate Finance SET

by Bjørn Espen Eckbo
December 2008
Intermediate to advanced content levelIntermediate to advanced
520 pages
43h 42m
English
North Holland
Content preview from Handbook of Empirical Corporate Finance SET
Chapter 14

Bankruptcy and the Resolution of Financial Distress*

Edith S. Hotchkiss    Boston College

Kose John    New York University

Robert M. Mooradian    Northeastern University

Karin S. Thorburn    Dartmouth College

Abstract

This chapter reviews empirical research on the use of private and court-supervised mechanisms for resolving default and reorganizing companies in financial distress. Starting with a simple framework for financial distress and a quick overview of the theoretical research in this area, we proceed to summarize and synthesize the empirical research in the areas of financial distress, asset and debt restructuring, and features of the formal bankruptcy procedures in the United States and around the world. Studies of out-of-court restructurings ...

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Publisher Resources

ISBN: 9780444532657