How does soft information on the causes of default affect debt renegotiation? The Italian evidence

The paper investigates the complementary role of hard and soft information in affecting the bankruptcy outcome of in-court procedures. Previous literature mostly focuses on hard information as driver of the bankruptcy outcome. In a bankruptcy context, we identify the causes of default as a key piece...

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Veröffentlicht in:Annals of finance 2024-03, Vol.20 (1), p.45-89
Hauptverfasser: Cocco, Ludovico Maria, Cavezzali, Elisa, Rigoni, Ugo, Simion, Giorgia
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Sprache:eng
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