메뉴 건너뛰기




Volumn 33, Issue 4, 1997, Pages 6-34

The Economics of Bankruptcy, Reorganization, and Liquidation: Lessons for East European Transition Economies

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0031529058     PISSN: 10612009     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article
Times cited : (14)

References (61)
  • 4
    • 0000653986 scopus 로고
    • A Further Empirical Investigation of the Bankruptcy Cost Question
    • Altman, E.I. 1984. "A Further Empirical Investigation of the Bankruptcy Cost Question." Journal of Finance 39, no. 4 (September): 1067-89.
    • (1984) Journal of Finance , vol.39 , Issue.4 SEPTEMBER , pp. 1067-1089
    • Altman, E.I.1
  • 5
    • 84977378806 scopus 로고
    • The Administrative Costs of Corporate Bankruptcy: A Note
    • Ang, J.; Chua, J.H.; and McConnell, J.J. 1982. "The Administrative Costs of Corporate Bankruptcy: A Note." Journal of Finance 37, no. 1 (December): 219-26.
    • (1982) Journal of Finance , vol.37 , Issue.1 DECEMBER , pp. 219-226
    • Ang, J.1    Chua, J.H.2    McConnell, J.J.3
  • 7
    • 84914393746 scopus 로고
    • Bargaining after the Fall and the Contours of the Absolute Priority Rule
    • Baird, D.G., and Jackson, T.H. 1988. "Bargaining After the Fall and the Contours of the Absolute Priority Rule." University of Chicago Law Review 55: 738-89.
    • (1988) University of Chicago Law Review , vol.55 , pp. 738-789
    • Baird, D.G.1    Jackson, T.H.2
  • 8
    • 0000477151 scopus 로고
    • Enterprise Debt and Financial Restructuring in Central and Eastern Europe
    • Begg, D., and Portes, R. 1993. "Enterprise Debt and Financial Restructuring in Central and Eastern Europe." European Economic Review 37, no. 2-3: 396-408.
    • (1993) European Economic Review , vol.37 , Issue.2-3 , pp. 396-408
    • Begg, D.1    Portes, R.2
  • 9
    • 84901371817 scopus 로고
    • The Untenable Case for Chapter 11
    • Bradley, M., and Rosenzweig, M. 1992. "The Untenable Case for Chapter 11." Yale Law Journal 101 (March): 1043-95.
    • (1992) Yale Law Journal , vol.101 , Issue.MARCH , pp. 1043-1095
    • Bradley, M.1    Rosenzweig, M.2
  • 10
    • 0347009351 scopus 로고
    • Le nouvel article 40 de la Loi du 25 janvier 1985
    • Campana, M.J., and Legeais, D. 1994. "Le nouvel article 40 de la Loi du 25 janvier 1985." Les Petites Affiches 110 (September 14).
    • (1994) Les Petites Affiches , vol.110 , Issue.SEPTEMBER 14
    • Campana, M.J.1    Legeais, D.2
  • 12
    • 0345748148 scopus 로고
    • Les grandes lignes de la reforme du droit des entreprises en difficulte
    • Credot, F.J. 1994. "Les grandes lignes de la reforme du droit des entreprises en difficulte." Les Petites Affiches 110 (September 14).
    • (1994) Les Petites Affiches , vol.110 , Issue.SEPTEMBER 14
    • Credot, F.J.1
  • 14
    • 0346379336 scopus 로고
    • La reforme du droit des enterprises en difficulté (premier apercu)
    • October 6
    • Derrida, F., and Sortais, J.P. 1994. "La reforme du droit des enterprises en difficulté (premier apercu)." Revue Dalloz, October 6.
    • (1994) Revue Dalloz
    • Derrida, F.1    Sortais, J.P.2
  • 15
    • 84977709759 scopus 로고
    • Security Pricing and Deviations from the Absolute Priority Rule in Bankruptcy Proceedings
    • Eberhart, A.C.; Moore, W.T.; and Roenfeldt, R.L. 1990. "Security Pricing and Deviations from the Absolute Priority Rule in Bankruptcy Proceedings." Journal of Finance 45 (December): 1457-60.
    • (1990) Journal of Finance , vol.45 , Issue.DECEMBER , pp. 1457-1460
    • Eberhart, A.C.1    Moore, W.T.2    Roenfeldt, R.L.3
  • 16
    • 84977722558 scopus 로고
    • Does the Bond Market Predict Bankruptcy Settlement?
    • Eberhart, A.C., and Sweeney, R.J. 1992. "Does the Bond Market Predict Bankruptcy Settlement?" Journal of Finance 47, no. 3 (July): 943-80.
    • (1992) Journal of Finance , vol.47 , Issue.3 JULY , pp. 943-980
    • Eberhart, A.C.1    Sweeney, R.J.2
  • 18
    • 84977706668 scopus 로고
    • An Empirical Investigation of U.S. Firms in Reorganization
    • Franks, J.R., and Torous, W.N. 1989. "An Empirical Investigation of U.S. Firms in Reorganization." Journal of Finance 44 (July): 747-69.
    • (1989) Journal of Finance , vol.44 , Issue.JULY , pp. 747-769
    • Franks, J.R.1    Torous, W.N.2
  • 19
    • 0001770265 scopus 로고
    • Lessons from a Comparison of U.S. and U.K. Insolvency Codes
    • _. 1992. "Lessons from a Comparison of U.S. and U.K. Insolvency Codes." Oxford Review of Economic Policy 8, no. 3: 70-82.
    • (1992) Oxford Review of Economic Policy , vol.8 , Issue.3 , pp. 70-82
  • 20
    • 45249128199 scopus 로고
    • Management Turnover and Financial Distress
    • Gilson, S.C. 1989. "Management Turnover and Financial Distress." Journal of Financial Economics 25 (December): 241-62.
    • (1989) Journal of Financial Economics , vol.25 , Issue.DECEMBER , pp. 241-262
    • Gilson, S.C.1
  • 21
    • 33845629684 scopus 로고
    • Bankruptcy, Boards, Banks, and Blockholders: Evidence on Changes in Corporate Ownership and Control When Firms Default
    • _. 1990. "Bankruptcy, Boards, Banks, and Blockholders: Evidence on Changes in Corporate Ownership and Control When Firms Default." Journal of Financial Economics 27, no. 2 (October): 355-87.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 OCTOBER , pp. 355-387
  • 22
    • 44949291946 scopus 로고
    • Troubled Debt Restructurings: An Empirical Study of Private Reorganization of Firms in Default
    • Gilson, S.C.; Kose, J.; and Lange, L.H.P. 1990. "Troubled Debt Restructurings: An Empirical Study of Private Reorganization of Firms in Default." Journal of Financial Economics 27, no. 2 (October): 315-53.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 OCTOBER , pp. 315-353
    • Gilson, S.C.1    Kose, J.2    Lange, L.H.P.3
  • 24
    • 0346379335 scopus 로고
    • Some Common Misconceptions about Bankruptcy and Conciliation in Hungary and Poland
    • October 14-16, Prague
    • _. 1994. "Some Common Misconceptions about Bankruptcy and Conciliation in Hungary and Poland." Paper presented at ACE Workshop, October 14-16, Prague.
    • (1994) ACE Workshop
  • 25
    • 84987493145 scopus 로고
    • Direct Bankruptcy Costs: Evidence from the Trucking Industry
    • Guffey, D.M., and Moore, W.T. 1991. "Direct Bankruptcy Costs: Evidence from the Trucking Industry." Financial Review 26, no. 2 (May): 223-35.
    • (1991) Financial Review , vol.26 , Issue.2 MAY , pp. 223-235
    • Guffey, D.M.1    Moore, W.T.2
  • 26
    • 0346379339 scopus 로고
    • Enterprise Behaviour and the Process of Exit: Case Study of Four Czech Firms
    • March 7-9, Stoke-on-Trent, United Kingdom
    • Hashi, I.; Mladek, J.; and Sinclair, A. 1995. "Enterprise Behaviour and the Process of Exit: Case Study of Four Czech Firms." Paper presented at ACE Workshop, March 7-9, Stoke-on-Trent, United Kingdom.
    • (1995) ACE Workshop
    • Hashi, I.1    Mladek, J.2    Sinclair, A.3
  • 27
    • 0347008751 scopus 로고
    • Comment on Michelle J. White, 'The Corporate Bankruptcy Decision,' Spring 1989
    • Hudson, J. 1990. "Comment on Michelle J. White, 'The Corporate Bankruptcy Decision,' Spring 1989." Journal of Economic Perspectives 4, no. 1 (Winter): 209-11.
    • (1990) Journal of Economic Perspectives , vol.4 , Issue.1 WINTER , pp. 209-211
    • Hudson, J.1
  • 29
    • 84977725920 scopus 로고
    • The Losses Realized in Bank Failures
    • James, C. 1991. "The Losses Realized in Bank Failures." Journal of Finance 46, no. 4 (September): 1223-42.
    • (1991) Journal of Finance , vol.46 , Issue.4 SEPTEMBER , pp. 1223-1242
    • James, C.1
  • 30
    • 0347009337 scopus 로고
    • Corporate Control and Politics of Finance
    • ed. E. Altman. New York: Irwin
    • Jensen, M. 1992. "Corporate Control and Politics of Finance." In Bankruptcy and Distressed Restructuring, ed. E. Altman. New York: Irwin.
    • (1992) Bankruptcy and Distressed Restructuring
    • Jensen, M.1
  • 31
    • 0347009335 scopus 로고
    • Bankruptcy and Insolvency
    • Chap. 17 ed. D. Campbell, C. Campbell, and B. Ruster. New York: M. Bender
    • Klasmeyer, B., and Kubler, B.M. 1994. "Bankruptcy and Insolvency." Chap. 17 in Business Transactions in Germany, ed. D. Campbell, C. Campbell, and B. Ruster. New York: M. Bender.
    • (1994) Business Transactions in Germany
    • Klasmeyer, B.1    Kubler, B.M.2
  • 32
    • 84980198910 scopus 로고
    • The Evolution of Financial Discipline under the Postsocialist System
    • Kornai, J. 1993. "The Evolution of Financial Discipline under the Postsocialist System." Kyklos 46, no. 3: 315-36.
    • (1993) Kyklos , vol.46 , Issue.3 , pp. 315-336
    • Kornai, J.1
  • 34
    • 0002209011 scopus 로고
    • The Debtor in Full Control - Systems Failure under Chapter 11 of the Bankruptcy Code?
    • LoPucki, L.M. 1983. "The Debtor in Full Control - Systems Failure Under Chapter 11 of the Bankruptcy Code?" American Bankruptcy Law Journal 57: 99-125.
    • (1983) American Bankruptcy Law Journal , vol.57 , pp. 99-125
    • LoPucki, L.M.1
  • 35
    • 0011631694 scopus 로고
    • Venue Choice and Forum Shopping in the Bankruptcy Reorganization of Large, Publicly Held Companies
    • LoPucki, L.M., and Whitford. 1991. "Venue Choice and Forum Shopping in the Bankruptcy Reorganization of Large, Publicly Held Companies." Wisconsin Law Review, no. 1: 11-63.
    • (1991) Wisconsin Law Review , vol.1 , pp. 11-63
    • LoPucki, L.M.1    Whitford2
  • 36
    • 0011564902 scopus 로고
    • Financial Markets, Default, and Bankruptcy: The Role of the State
    • Meckling, W.H. 1973. "Financial Markets, Default, and Bankruptcy: The Role of the State." Law and Contemporary Problems 41, no. 4: 13-39.
    • (1973) Law and Contemporary Problems , vol.41 , Issue.4 , pp. 13-39
    • Meckling, W.H.1
  • 37
    • 0347765069 scopus 로고
    • The Wealth Transfers of Bankruptcy: Some Illustrative Examples
    • Miller, M.H. 1977. "The Wealth Transfers of Bankruptcy: Some Illustrative Examples." Law and Contemporary Problems 41, no. 4: 39-47.
    • (1977) Law and Contemporary Problems , vol.41 , Issue.4 , pp. 39-47
    • Miller, M.H.1
  • 38
    • 0011549689 scopus 로고
    • Managerial Discipline, Productivity and Bankruptcy in Capitalist and Socialist Economies
    • Mitchell, J. 1990a. "Managerial Discipline, Productivity and Bankruptcy in Capitalist and Socialist Economies." Comparative Economic Studies 33, no. 3 (Fall): 93-137.
    • (1990) Comparative Economic Studies , vol.33 , Issue.3 FALL , pp. 93-137
    • Mitchell, J.1
  • 39
    • 0346379337 scopus 로고
    • Final Report to the National Council for Soviet and East European Research, October. Mimeograph
    • _. 1990b. "The Economics of Bankruptcy in Reforming Socialist Economies." Final Report to the National Council for Soviet and East European Research, October. Mimeograph.
    • (1990) The Economics of Bankruptcy in Reforming Socialist Economies
  • 40
    • 0003267983 scopus 로고
    • Creditor Passivity and Bankruptcy: Implications for Economic Reform
    • Chap. 7 ed. C. Mayer and X. Vives. Cambridge: CUP
    • _. 1993. "Creditor Passivity and Bankruptcy: Implications for Economic Reform." Chap. 7 in Capital Markets and Financial Intermediation, ed. C. Mayer and X. Vives. Cambridge: CUP.
    • (1993) Capital Markets and Financial Intermediation
  • 43
    • 84977702212 scopus 로고
    • Investing in Bankrupt Firms
    • Morse, D., and Shaw, W. 1988. "Investing in Bankrupt Firms." Journal of Finance 43, no. 5 (December): 1193-1206.
    • (1988) Journal of Finance , vol.43 , Issue.5 DECEMBER , pp. 1193-1206
    • Morse, D.1    Shaw, W.2
  • 46
    • 0037980697 scopus 로고
    • The Liquidation/Merger Alternative
    • Peele, M.J., and Wilson, N. 1989. "The Liquidation/Merger Alternative." Managerial Decision Economics 10, no. 3 (September): 209-22.
    • (1989) Managerial Decision Economics , vol.10 , Issue.3 SEPTEMBER , pp. 209-222
    • Peele, M.J.1    Wilson, N.2
  • 48
    • 0347009349 scopus 로고
    • La reforme des plans de redressement
    • Saint-Alary-Houin. 1994. "La reforme des plans de redressement." Les Petites Affiches 110 (September 14).
    • (1994) Les Petites Affiches , vol.110 , Issue.SEPTEMBER 14
    • Saint-Alary-Houin1
  • 49
    • 38249038637 scopus 로고
    • The Effect of the Bankruptcy Reform Act of 1978 on Small Business Loan Pricing
    • Scott, J. A., and Smith, T.C. 1986. "The Effect of the Bankruptcy Reform Act of 1978 on Small Business Loan Pricing." Journal of Financial Economics 16, no. 1: 119-40.
    • (1986) Journal of Financial Economics , vol.16 , Issue.1 , pp. 119-140
    • Scott, J.A.1    Smith, T.C.2
  • 51
    • 0015403880 scopus 로고
    • Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs
    • Stiglitz, J. 1972. "Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs." Bell Journal of Economics and Management Science 3 (August): 458-82.
    • (1972) Bell Journal of Economics and Management Science , vol.3 , Issue.AUGUST , pp. 458-482
    • Stiglitz, J.1
  • 53
    • 0043205386 scopus 로고
    • A Theory of Absolute Priority
    • Warren, E. 1991. "A Theory of Absolute Priority." Annual Survey of American Law 9, no. 16: 9-48.
    • (1991) Annual Survey of American Law , vol.9 , Issue.16 , pp. 9-48
    • Warren, E.1
  • 54
    • 0000624725 scopus 로고
    • The Importance of Incomplete Information in Explaining the Existence of Costly Bankruptcy
    • Webb, D.C. 1987. "The Importance of Incomplete Information in Explaining the Existence of Costly Bankruptcy." Economica 54 (August): 279-88.
    • (1987) Economica , vol.54 , Issue.AUGUST , pp. 279-288
    • Webb, D.C.1
  • 55
    • 61449240261 scopus 로고
    • An Empirical Evaluation of Insolvency Procedures in the UK: Does the 1986 Insolvency Act Satisfy the Creditors' Bargain?
    • _. 1991. "An Empirical Evaluation of Insolvency Procedures in the UK: Does the 1986 Insolvency Act Satisfy the Creditors' Bargain?" Oxford Economic Papers 43 (January): 139-57.
    • (1991) Oxford Economic Papers , vol.43 , Issue.JANUARY , pp. 139-157
  • 56
    • 0010778645 scopus 로고
    • Bankruptcy Resolution: Direct Costs and Violation of Priority of Claims
    • Weiss, L.A. 1990. "Bankruptcy Resolution: Direct Costs and Violation of Priority of Claims." Journal of Financial Economics 27, no. 2 (October): 285-314.
    • (1990) Journal of Financial Economics , vol.27 , Issue.2 OCTOBER , pp. 285-314
    • Weiss, L.A.1
  • 57
    • 0002230184 scopus 로고
    • Bankruptcy Liquidation and Reorganization
    • Chap. 37 ed. D. Logue. Boston: Warren, Gorham and Lamont. 2d ed., 1990
    • White, Michelle. 1984. "Bankruptcy Liquidation and Reorganization." Chap. 37 in Handbook of Modern Finance, ed. D. Logue. Boston: Warren, Gorham and Lamont. 2d ed., 1990.
    • (1984) Handbook of Modern Finance
    • White, M.1
  • 58
    • 0001600428 scopus 로고
    • The Corporate Bankruptcy Decision
    • White, M.J. 1989. "The Corporate Bankruptcy Decision." Journal of Economic Perspectives 3, no. 2 (Spring): 129-51.
    • (1989) Journal of Economic Perspectives , vol.3 , Issue.2 SPRING , pp. 129-151
    • White, M.J.1
  • 61
    • 0000124859 scopus 로고
    • Financial Distress, Reorganization, and Organizational Efficiency
    • Wruck, K.H. 1990. "Financial Distress, Reorganization, and Organizational Efficiency." Journal of Financial Economics 27 (October): 419-44.
    • (1990) Journal of Financial Economics , vol.27 , Issue.OCTOBER , pp. 419-444
    • Wruck, K.H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.