Economics of bankruptcy

Economics of bankruptcy

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1. Verfasser: Morrison, Edward R. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cheltenham Edward Elgar Pub. Ltd 2012
Schlagworte:
Bankruptcy
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Inhaltsangabe:
  • Recommended readings (Machine generated): Ayotte, Kenneth M. and Edward R. Morrison (2009), 'Creditor Control and Conflict in Chapter 11', Journal of Legal Analysis, 1, 511-51.
  • Ayotte, Kenneth M. and David A. Skeel, Jr. (2006), 'An Efficiency-Based Explanation for Current Corporate Reorganization Practice', University of Chicago Law Review, 73, 425-68.
  • Ayotte, Kenneth M. and David A. Skeel, Jr. (2010), 'Bankruptcy or Bailouts?', Journal of Corporation Law, 35, 469-98.
  • Benmelech, Efraim and Nittai K. Bergman (2011), 'Bankruptcy and the Collateral Channel', Journal of Finance, 66, 337-78.
  • Berkowitz, Jeremy and Richard Hynes (1999), 'Bankruptcy Exemptions and the Market for Mortgage Loans', Journal of Law and Economics, 42, 809-30.
  • Borenstein, Severin and Nancy L. Rose (2003), 'The Impact of Bankruptcy on Airline Service Levels', American Economic Review Papers and Proceedings, 93, 415-19.
  • Capkun, Vedran and Lawrence A. Weiss (2007), 'Bankruptcy Resolution and the Restoration of Priority of Claims', working paper (available at http://law.bepress.com/cgi/viewcontent.cgi?article=1929&context=alea).
  • Casey, Anthony J. (2011), 'The Creditors' Bargain and Option-Preservation Priority in Chapter 11', University of Chicago Law Review, 78, 759-807.
  • Domowitz, Ian and Robert L. Sartain (1999), 'Determinants of the Consumer Bankruptcy Decision', Journal of Finance, 54, 403-20.
  • Easterbrook, Frank H. (1990), 'Is Corporate Bankruptcy Efficient?', Journal of Financial Economics, 27, 411-17.
  • Edwards, Franklin R. and Edward R. Morrison (2005), 'Derivatives and the Bankruptcy Code: Why the Special Treatment?', Yale Journal on Regulation, 22, 91-122.
  • Gan, Li and Tarun Sabarwal (2005), 'A Simple Test of Adverse Events and Strategic Timing Theories of Consumer Bankruptcy', NBER Working Papers 11763, National Bureau of Economic Research, Inc. (available at http://www.nber.org/papers/w11763.pdf).
  • Hotchkiss, Edith Schwalb (1995), 'Postbankruptcy Performance and Management Turnover', Journal of Finance, 50, 3-21.
  • Jensen, Michael C. and William H. Meckling (1976), 'Theory of the Firm: Managerial Behavior, Agency Costs, and Ownership Structure', Journal of Financial Economics, 3, 305-60.
  • Keys, Benjamin J. (2008), 'The Credit Market Consequences of Job Displacement', working paper (available at http://www-personal.umich.edu/~benkeys/jobmarket/benkeys_chapter1.pdf).
  • Lefgren, Lars and Frank McIntyre (2009), 'Explaining the Puzzle of Cross-State Differences in Bankruptcy Rates', Journal of Law and Economics, 52, 367-94.
  • Li, Wenli (2007), 'What Do We Know about Chapter 13 Personal Bankruptcy Filings?', Federal Reserve Bank of Philadelphia Business Review, Fourth Quarter, 19-26.
  • Li, Wenli, Michelle J. White and Ning Zhu (2012), 'Did Bankruptcy Reform Cause Mortgage Defaults to Rise?', American Economic Journal: Economic Policy (forthcoming).
  • Lin, Emily Y. and Michelle J. White (2001), 'Bankruptcy and the Market for Mortgage and Home Improvement Loans', Journal of Urban Economics, 50, 138-62
  • LoPucki, Lynn M. (2005), Courting Failure, Ann Arbor, MI: University of Michigan Press.
  • Lubben, Stephen J. (2010a), 'The Bankruptcy Code without Safe Harbors', American Bankruptcy Law Journal, 84, 123-44.
  • Lubben, Stephen J. (2010b), 'Repeal the Safe Harbors', American Bankruptcy Institute Law Review, 18, 319-35.
  • Meckling, William H. (1977), 'Financial Markets, Default, and Bankruptcy: The Role of the State', Law & Contemporary Problems, 41, 13-38.
  • Morgan, Donald P., Benjamin Charles Iverson and Matthew Botsch ([2008] revised 2009), 'Seismic Effects of the Bankruptcy Reform', Federal Reserve Bank of New York Economic Policy Review.
  • Morrison, Edward R. (2009), 'Is the Bankruptcy Code an Adequate Mechanism for Resolving the Distress of Systemically Important Institutions?', Temple Law Review, 82, 449-63.
  • Morrison, Edward R. and Joerg Riegel (2005), 'Financial Contracts and the New Bankruptcy Code: Insulating Markets from Bankrupt Debtors and Bankruptcy Judges', American Bankruptcy Institute Law Review, 13, 641-64.
  • Myers, Stewart C. (1977), 'Determinants of Corporate Borrowing', Journal of Financial Economics, 5, 147-75.
  • Pence, Karen M. (2006), 'Foreclosing on Opportunity: State Laws and Mortgage Credit', Review of Economics and Statistics, 88, 177-82.
  • Rasmussen, Robert K. (1997), 'A New Approach to Transnational Insolvencies', Michigan Journal of International Law, 19, 1-36.
  • Rasmussen, Robert K. (2000), 'Resolving Transnational Insolvencies Through Private Ordering', Michigan Law Review, 98, 2252-75.
  • Rasmussen, Robert K. and Randall Thomas (2000), 'Timing Matters: Promoting Forum Shopping by Insolvent Corporations', Northwestern University Law Review, 94, 1357-408.
  • Roe, Mark J. (2011), 'The Derivatives Players' Payment Priorities as Financial Crisis Accelerator', Stanford Law Review, 63, 539-90.
  • Schoar, Antoinette and Tom Chang (2007), 'Judge Specific Differences in Chapter 11 and Firm Outcomes', working paper (available at http://www.mit.edu/~aschoar/ChangSchoar_Judges52007.pdf).
  • Schwartz, Alan (1997), 'Priority Contracts and Priority in Bankruptcy', Cornell Law Review, 82, 1396.
  • Skeel, David A. Jr. (2009), 'Bankruptcy Boundary Games', Brooklyn Journal of Corporate, Financial & Commercial Law, 4, 1-21.
  • Skeel, David A. Jr. (2011), The New Financial Deal: Understanding the Dodd-Frank Act and its (Unintended) Consequences, Hoboken, NJ: John Wiley & Sons.
  • Skeel, David A. Jr. and Thomas H. Jackson (2011), 'Transaction Consistency and the New Finance in Bankruptcy', Columbia Law Review, 112, 152-202.
  • Weiss, Lawrence A. (1990), 'Bankruptcy Resolution: Direct Costs and Violation of Priority of Claims', Journal of Financial Economics, 27, 285-314
  • Woo, Sarah Pei (2010), 'Simultaneous Distress of Residential Developers and their Secured Lenders: An Analysis of Bankruptcy and Bank Regulation,' Fordham Journal of Corporate and Financial Law, 15, 617-684.
  • Woo, Sarah Pei (2011), 'Regulatory Bankruptcy: How Bank Regulation Causes Fire Sales,' Georgetown Law Review, 99, 1615-1667.
  • Thomas H. Jackson (1982), 'Bankruptcy, Non-Bankruptcy Entitlements, and the Creditors' Bargain', Yale Law Journal, 91 (5), April, 857-907
  • Douglas G. Baird and Thomas H. Jackson (1984), 'Corporate Reorganizations and the Treatment of Diverse Ownership Interests: A Comment on Adequate Protection of Secured Creditors in Bankruptcy', University of Chicago Law Review, 51 (1), Winter, 97-130
  • Douglas G. Baird (1986), 'The Uneasy Case for Corporate Reorganizations', Journal of Legal Studies, XV (1), January, 127-47
  • Samuel A. Rea, Jr. (1984), 'Arm-Breaking, Consumer Credit and Personal Bankruptcy', Economic Inquiry, XXII (2), April, 188-208
  • Thomas H. Jackson (1986), 'The Fresh-Start Policy in Bankruptcy Law', in The Logic and Limits of Bankruptcy Law, Chapter 10, Cambridge, MA and London, UK: Harvard University Press, 225-52
  • Randal C. Picker (1992), 'Security Interests, Misbehavior, and Common Pools', University of Chicago Law Review, 59 (2), Spring, 645-79
  • Patrick Bolton and David S. Scharfstein (1996), 'Optimal Debt Structure and the Number of Creditors', Journal of Political Economy, 104 (1), February, 1-25
  • Arturo Bris and Ivo Welch (2005), 'The Optimal Concentration of Creditors', Journal of Finance, LX (5), October, 2193-212
  • Barry E. Adler (1993), 'Financial and Political Theories of American Corporate Bankruptcy', Stanford Law Review, 45 (2), January, 311-46
  • Robert K. Rasmussen (1992), 'Debtor's Choice: A Menu Approach to Corporate Bankruptcy', Texas Law Review, 71 (1), 51-121
  • Alan Schwartz (1997), 'Contracting About Bankruptcy', Journal of Law, Economics, and Organization, 13 (1), April, 127-46
  • Barry E. Adler (1997), 'A Theory of Corporate Insolvency', New York University Law Review, 72, 343-82
  • Edward R. Morrison (2009), 'Bargaining Around Bankruptcy: Small Business Workouts and State Law', Journal of Legal Studies, 38 (2), June, 255-307
  • Julian Franks and Oren Sussman (2005), 'Financial Distress and Bank Restructuring of Small to Medium Size UK Companies', Review of Finance, 9 (1), 65-96
  • Sergei A. Davydenko and Julian R. Franks (2008), 'Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the U.K.', Journal of Finance, LXIII (2), April, 565-608
  • Stuart C. Gilson (1997), 'Transactions Costs and Capital Structure Choice: Evidence from Financially Distressed Firms', Journal of Finance, LII (1), March, 161-96
  • Andrei Shleifer and Robert W. Vishny (1992), 'Liquidation Values and Debt Capacity: A Market Equilibrium Approach', Journal of Finance, XLVII (4), September, 1343-66
  • Todd C. Pulvino (1998), 'Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions', Journal of Finance, LIII (3), June, 939-78
  • Per Strömberg (2000), 'Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests', Journal of Finance, LV (6), December, 2641-92
  • Sugato Bhattacharyya and Rajdeep Singh (1999), 'The Resolution of Bankruptcy by Auction: Allocating the Residual Right of Design', Journal of Financial Economics, 54 (3), December, 269-94
  • Lucian Arye Bebchuk (1988), 'A New Approach to Corporate Reorganizations', Harvard Law Review, 101, 775-804
  • Philippe Aghion, Oliver Hart and John Moore (1992), 'The Economics of Bankruptcy Reform', Journal of Law, Economics, and Organization, 8 (3), October, 523-46
  • Douglas G. Baird and Robert K. Rasmussen (2002), 'The End of Bankruptcy', Stanford Law Review, 55 (3), December, 751-89
  • Douglas G. Baird and Robert K. Rasmussen (2003), 'Reply: Chapter 11 at Twilight', Stanford Law Review, 56 (3), December, 673-99
  • Arturo Bris, Ivo Welch and Ning Zhu (2006), 'The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization', Journal of Finance, LXI (3), June, 1253-303
  • Gregor Andrade and Steven N. Kaplan (1998), 'How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed', Journal of Finance, LIII (5), October, 1443-93
  • Lawrence A. Weiss and Karen H. Wruck (1998), 'Information Problems, Conflicts of Interest, and Asset Stripping: Chapter 11's Failure in the Case of Eastern Airlines', Journal of Financial Economics, 48 (1), April, 55-97
  • Michelle J. White (1994), 'Corporate Bankruptcy as a Filtering Device: Chapter 11 Reorganizations and Out-of-Court Debt Restructurings', Journal of Law, Economics, and Organization, 10 (2), October, 268-95
  • Matthias Kahl (2002), 'Economic Distress, Financial Distress, and Dynamic Liquidation', Journal of Finance, LVII (1), February, 135-68
  • Vojislav Maksimovic and Gordon Phillips (1998), 'Asset Efficiency and Reallocation Decisions of Bankrupt Firms', Journal of Finance, LIII (5), October, 1495-532
  • Edward R. Morrison (2007), 'Bankruptcy Decision Making: An Empirical Study of Continuation Bias in Small-Business Bankruptcies', Journal of Law and Economics, 50 (2), May, 381-419
  • Robert Gertner and David Scharfstein (1991), 'A Theory of Workouts and the Effects of Reorganization Law', Journal of Finance, XLVI (4), September, 1189-222
  • Wei Fan and Michelle J. White (2003), 'Personal Bankruptcy and the Level of Entrepreneurial Activity', Journal of Law and Economics, XLVI (2), October, 543-67
  • Jeremy Berkowitz and Michelle J. White (2004), 'Bankruptcy and Small Firms' Access to Credit', RAND Journal of Economics, 35 (1), Spring, 69-84
  • Douglas G. Baird and Edward R. Morrison (2005), 'Serial Entrepreneurs and Small Business Bankruptcies', Columbia Law Review, 105 (8), December, 2310-68
  • Lucian Arye Bebchuk (2002), 'Ex Ante Costs of Violating Absolute Priority in Bankruptcy', Journal of Finance, LVII (1), February, 445-60
  • Kenneth Ayotte (2007), 'Bankruptcy and Entrepreneurship: The Value of a Fresh Start', Journal of Law, Economics, and Organization, 23 (1), April, 161-85
  • Douglas G. Baird and Donald S. Bernstein (2006), 'Absolute Priority, Valuation Uncertainty, and the Reorganization Bargain', Yale Law Journal, 115 (8), June, 1930-70
  • Yeon-Koo Che and Alan Schwartz (1999), 'Section 365, Mandatory Bankruptcy Rules and Inefficient Continuance', Journal of Law, Economics, and Organization, 15 (2), July, 441-67
  • Barry E. Adler (1995), 'A Re-Examination of Near-Bankruptcy Investment Incentives', University of Chicago Law Review, 62 (2), Spring, 575-606
  • George G. Triantis (1993), 'A Theory of the Regulation of Debtor-in-Possession Financing', Vanderbilt Law Review, 46, 901-35
  • Severin Borenstein and Nancy L. Rose (1995), 'Bankruptcy and Pricing Behavior in U.S. Airline Markets', American Economic Review: Papers and Proceedings, 85 (2), May, 397-402
  • Barry Adler, Ben Polak and Alan Schwartz (2000), 'Regulating Consumer Bankruptcy: A Theoretical Inquiry', Journal of Legal Studies, XXIX (2), June, 585-613
  • Scott Fay, Erik Hurst and Michelle J. White (2002), 'The Household Bankruptcy Decision', American Economic Review, 92 (3), June, 706-18
  • Reint Gropp, John Karl Scholz and Michelle J. White (1997), 'Personal Bankruptcy and Credit Supply and Demand', Quarterly Journal of Economics, CXII (1), February, 217-51
  • This timely book surveys seminal contributions to the economics of bankruptcy. It offers a comprehensive compilation of work by both legal scholars and economists working in the fields of corporate and consumer finance

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