Corporate bankruptcy reorganizations: Estimates from a bargaining model

International Economic Review

Volumn 49, Issue 2, 2008, Pages 659-681

  Eraslan, Hülya K K ^a,b  

^a UNIVERSITY OF PENNSYLVANIA   (United States)

^b UNIVERSITY OF PENNSYLVANIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 43349091626     PISSN: 00206598     EISSN: 14682354     Source Type: Journal    
DOI: 10.1111/j.1468-2354.2008.00493.x     Document Type: Article

References (44)

1. Acharya, V. V., R. K. Sundaram, and K. John Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes Mimeo, London Business School, 2005.
2. Aghion, P., and P. Bolton An 'Incomplete Contracts' Approach to Financial Contracting Review of Economic Studies 59 (1992 473 94.
3. Aghion, P., O. Hart, and J. Moore The Economics of the Bankruptcy Reform Journal of Law, Economics, and Organization 8 (1992 523 46.
4. Alderson, M. J., and B. L. Betker Liquidation Costs and Capital Structure Journal of Financial Economics 39 (1995 45 69.
5. Altman, E. I. A Further Empirical Investigation of the Bankruptcy Cost Question The Journal of Finance 39 (1984 1067 89.
6. Andrade, G., and S. N. Kaplan How Costly Is Financial (Not Economic) Distress? Evidence for Highly Leveraged Transactions That Become Distressed The Journal of Finance 53 (1998 1443 93.
7. Ayotte, K. M., and D. A. Skeel Why Do Distressed Companies Choose Delaware? An Empirical Analysis of Venue Choice in Bankruptcy Working Paper, 2004.
8. Baird, D. G. The Uneasy Case for Corporate Reorganizations Journal of Legal Studies 15 (1986 127 47.
9. Baird, D. G., and R. C. Picker A Simple Noncooperative Bargaining Model of Corporate Reorganizations Journal of Legal Studies 20 (1991 311 49.
10. Baron, D. P., and J. A. Ferejohn Bargaining in Legislatures American Political Science Review 83 (1989 1181 1206.
11. Bebchuk, L. A. Ex Ante Costs of Violating Absolute Priority in Bankruptcy The Journal of Finance 57 (2002 445 60.
12. Bebchuck, L. A., and H. F. Chang Bargaining and the Division of Value in Corporate Reorganization Journal of Law, Economics, and Organization 8 (1992 253 79.
13. Benmelech, E., M. Garmaise, and T. Moskowitz Do Liquidation Values Affect Financial Contracts? Evidence from Commercial Loan Contracts and Zoning Regulation Quarterly Journal of Economics 120 (2005 1121 54.
14. Betker, B. L. Management's Incentives, Equity's Bargaining Power, and Deviations from Absolute Priority in Chapter 11 Bankruptcies Journal of Business 68 (1995 161 83.
15. Bolton, P., and D. Scharfstein Optimal Debt Structure and the Number of Creditors Journal of Political Economy 104 (1996 1 26.
16. Cutler, D., and L. Summers The Costs of Conflict Resolution and Financial Distress: Evidence from the Texaco Pennzoil Litigation Rand Journal of Economics 19 (1988 151 72.
17. Diamond, D. Presidential Address, Committing to Commit: Short-term Debt When Enforcement Is Costly The Journal of Finance 59 (2004 1447 79.
18. Diermeier, D., H. K. K. Eraslan, and A. Merlo Coalition Governments and Comparative Constitutional Design European Economic Review 46 (2002 893 907.
19. Diermeier, D., H. K. K. Eraslan, and A. Merlo A Structural Model of Government Formation Econometrica 71 (2003 27 70.
20. Eckbo, E. B., and K. S. Thorburn Bidding in Mandatory Bankruptcy Auctions: Theory and Evidence ECGI Working Paper Series in Finance, 68/2005, February 2005.
21. Eraslan, H. K. K. Uniqueness of Stationary Payoffs in the Baron-Ferejohn Model Journal of Economic Theory 103 (2002 11 30.
22. Franks, J. R., and W. N. Torous An Empirical Investigation of U.S. Firms in Reorganization The Journal of Finance 44 (1989 747 69.
23. Fudenberg, D., and J. Tirole, Game Theory (Cambridge, MA : The MIT Press, 1991).
24. Gilson, S. C. Management Turnover and Financial Distress Journal of Financial Economics 25 (1989 241 62.
25. Gilson, S. C. Bankruptcy, Boards, Banks and Blockholders Journal of Financial Economics 26 (1990 355 87.
26. Gilson, S. C., and M. R. Vetsuypens CEO Compensation in Financially Distressed Firms: An Empirical Analysis The Journal of Finance 43 (1993 425 58.
27. Hall, R. E. Aggregate Job Destruction and Inventory Liquidation NBER Working Paper 6912, 1999.
28. Harris, M., and A. Raviv Capital Structure and the Informational Role of Debt The Journal of Finance 45 (1990 321 49.
29. Harris, M., and A. Raviv The Theory of Capital Structure The Journal of Finance 46 (1991 297 355.
30. Hart, O., and J. Moore A Theory of Debt Based on Inalienability of Human Capital Quarterly Journal of Economics 109 (1994 841 79.
31. Jackson, T., The Logic and Limits of Bankruptcy Law (Cambridge, MA: Harvard University Press, 1986).
32. Kordana, K. A., and E. A. Posner A Positive Theory of Chapter 11 New York University Law Review 74 (1999 161.
33. LoPucki, L. M., and W. C. Whitford Bargaining Over Equity's Share in the Bankruptcy Reorganization of Large, Publicly Held Companies University of Pennsylvania Law Review 139 (1990 125 96.
34. LoPucki, L. M., and W. C. Whitford Corporate Governance in the Bankruptcy Reorganization of Large Publicly Held Companies University of Pennsylvania Law Review 141 (1993 669 800.
35. Maksimovic, V., and G. Phillips Asset Efficiency and Reallocation Decision of Bankrupt Firms The Journal of Finance 53 (1998 1495 1532.
36. Merlo, A. Bargaining over Governments in a Stochastic Environment Journal of Political Economy 105 (1997 101 31.
37. Merlo, A., and C. A. Wilson A Stochastic Model of Sequential Bargaining with Complete Information Econometrica 63 (1995 371 99.
38. Pulvino, T. C. Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transaction The Journal of Finance 53 (1988 939 78.
39. Shleifer, A., and R. W. Vishny Liquidation Values and Debt Capacity: A Market Equilibrium Approach The Journal of Finance 47 (1992 1343 65.
40. Sieg, H. Estimating a Bargaining Model with Asymmetric Information: Evidence from Medical Malpractice Disputes Journal of Political Economy 108 (2000 1006 21.
41. Strömberg, P. Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Test The Journal of Finance 55 (2000 2641 91.
42. Watanabe, Y. Learning and Bargaining in Dispute Resolution: Theory and Evidence from Medical Malpractice Litigation Mimeo, Northwestern University, 2006.
43. Weiss, L. Bankruptcy Resolution: Direct Costs and Violation of Priority of Claims Journal of Financial Economics 27 (1990 285 314.
44. Williamson, O. E. Corporate Finance and Corporate Governance The Journal of Finance 43 (1988 567 92.