Economics of bankruptcy [Research Reviews]

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),...

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Bibliographic Details
Main Author: Morrison, Edward R.
Format: eBook
Language:English
Published: Cheltenham Edward Elgar Pub. Ltd 2012
Series:Elgar research reviews in economics
Subjects:
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Collection: Edward Elgar eBook Archive - Collection details see MPG.ReNa
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Summary: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
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
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 --
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. --
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. --
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 --
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 --
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. --
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 --
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 --
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
Andrei Shleifer and Robert W. Vishny (1992), 'Liquidation Values and Debt Capacity: A Market Equilibrium Approach', Journal of Finance, XLVII (4), September, 1343-66
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. --
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. --
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
Physical Description:1 v
ISBN:9781784713676