Optimal bankruptcy law and firm-specific investments

European Economic Review

Volumn 41, Issue 3-5, 1997, Pages 487-497

  Berkovitch, Elazar ^a   Israel, Ronen ^b   Zender, Jaime F ^c  

^a TEL AVIV UNIVERSITY   (Israel)

^b UNIVERSITY OF MICHIGAN   (United States)

^c UNIVERSITY OF UTAH   (United States)

Author keywords

Bankruptcy law; Firm specific investment; Restricted auction mechanism

Indexed keywords

EID: 0040632495     PISSN: 00142921     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0014-2921(97)00016-0     Document Type: Article

References (5)

1. Aghion, P., O.D. Hart and J. Moore, 1992, The economics of bankruptcy reform, Journal of Law, Economics, & Organization 8, 523-546.
2. Bebchuk, L.A., 1988, A new approach to corporate reorganizations, Harvard Law Review 101, 775-804.
3. Berkovitch, E. and R. Israel, 1995, Optimal bankruptcy laws across different economic regimes, Working paper, Carnegie Mellon University.
4. Berkovitch, E., R. Israel and J.F. Zender, 1992, The design of bankruptcy law: A case for management bias in bankruptcy reorganizations, Working Paper, University of Michigan.
5. Jensen, M. 1991, Corporate Control and the Politics of Finance, Journal of Applied Corporate Finance 4, 13-33.