Capital structure, priority rules, and the settlement of civil claims

International Review of Law and Economics

Volumn 18, Issue 2, 1998, Pages 187-200

  Spier, Kathryn E ^a   Sykes, Alan O ^b  

^a NORTHWESTERN UNIVERSITY   (United States)

^b UNIVERSITY OF CHICAGO LAW SCHOOL   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0013115531     PISSN: 01448188     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0144-8188(98)00005-2     Document Type: Article

References (26)

1. BAIRD, DOUGLAS, AND THOMAS JACKSON. (1985). "Fraudulent Conveyance Law and its Proper Domain." Vanderbilt Law Review 38:829-855.
2. BEBCHUK, LUCIAN. (1996). "A New Theory Concerning the Credibility and Success of Threats to Sue." Journal of Legal Studies 25:1-25.
3. BEBCHUK, LUCIAN, AND JESSE FRIED. (1996). "The Uneasy Case for the Priority of Secured Claims in Bankruptcy." Yale Law Journal 105:857-934.
4. CLARK, ROBERT. (1986). Corporate Law, Boston: Little, Brown.
5. DANA, JAMES D., JR., AND KATHRYN E. SPIER. (1993). "Expertise and Contingent Fees: The Role of Asymmetric Information in Attorney Compensation." The Journal of Law, Economics, and Organization 9:349-367.
6. HALEY, CHARLES, AND LAWRENCE SCHALL. (1979). The Theory of Financial Decisions, 2nd ed., New York: McGraw Hill.
7. HANSMANN, HENRY, AND REINIER KRAAKMAN. (1991). "Toward Unlimited Shareholder Liability for Corporate Torts." Yale Law Journal 100:1879-1934.
8. JENSEN, MICHAEL. (1986). "The Economics of Free Cash Flow, Corporate Finance and Takeovers." American Economic Review 76:323-329.
9. JENSEN, MICHAEL, AND WILLIAM MECKLING. (1976). "Theory of the Firm: Management Behavior, Agency Costs and Capital Structure." Journal of Financial Economics 3:305-360.
10. LEEBRON, DAVID W. (1991). "Limited Liability, Tort Victims, and Creditors." Columbia Law Review 91:1565-1651.
11. LEWIS, TRACY, AND DAVID SAPPINGTON. (1995). "Optimal Capital Structure in Agency Relationships." Rand Journal of Economics 26:343-361.
12. LOPUCKI, LYNN. (1994). "The Unsecured Creditor's Bargain." Virginia Law Review 80:1887-1965.
13. MEURER, MICHAEL. (1992). "The Gains from Faith in an Unfaithful Agent." Journal of Law, Economics and Organization 8:502-522.
14. MILLER, GEOFFREY P. (1987). "Some Agency Problems in Settlement." Journal of Legal Studies 15:189-215.
15. MODIGLIANI, FRANCO, AND MERTON MILLER. (1958). "The Cost of Capital, Corporation Finance and the Theory of Investment." American Economic Review 48:261-297.
16. MODIGLIANI, FRANCO, AND MERTON MILLER. (1963). "Corporation Income Tax and the Cost of Capital: A Correction." American Economic Review 53:261-297.
17. MYERS, STEWART, AND N. MAJLUF. (1984). "Corporate Financing and Investment Decisions when Firms Have Information Investors Do Not Have." Journal of Financial Economics 13:187-221.
18. PEROTTI, ENRICO, AND KATHRYN SPIER. (1993). "Capital Structure as a Bargaining Tool: The Role of Leverage in Contract Renegotiation." American Economic Review 83:1131-1141.
19. ROSS, STEPHEN. (1977). "The Determinants of Financial Structure: The Incentive Signaling Approach." Bell Journal of Economics 8:23-40.
20. SCHWARTZ, ALAN. (1981). "Security Interests and Bankruptcy Priorities: A Review of Current Theories." Journal of Legal Studies 10:1-37.
21. SCOTCHMER, SUZANNE, AND DANIEL L. RUBINFELD. (1990). "Contingent Fees for Attorneys: An Economic Analysis." RAND Journal of Economics 24:343-356.
22. SHAVELL, STEVEN. (1980). "Strict Liability Versus Negligence." Journal of Legal Studies 9:1-25.
23. SHAVELL, STEVEN. (1986). "The Judgment Proof Problem." International Review of Law and Economics 6:45-58.
24. SPIER, KATHRYN E. (1994). "A Note on Joint and Several Liability: Insolvency, Settlement and Incentives." Journal of Legal Studies 23:559-568.
25. SYKES, ALAN. (1994). "Bad Faith Refusal to Settle By Liability Insurers: Some Implications of the Judgment-Proof Problem." Journal of Legal Studies 23:77-110.
26. WATTS, ALISON. (1994). "Bargaining Through an Expert Attorney." Journal of Law, Economics, and Organization 10:168-186.