Credit, wages, and bankruptcy laws

Journal of the European Economic Association

Volumn 7, Issue 5, 2009, Pages 939-973

  Biais, Bruno ^a   Mariotti, Thomas ^a  

^a Toulouse School of Economics   (France)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 70349676085     PISSN: 15424766     EISSN: 15424774     Source Type: Journal    
DOI: 10.1162/JEEA.2009.7.5.939     Document Type: Article

References (35)

1. Aghion, Philippe, and Patrick Bolton (1997). "A Trickle-Down Theory of Growth and Development." Review of Economic Studies, 64, 151-172.
2. Aghion, Philippe, Oliver Hart, and John Moore (1992). "The Economics of Bankruptcy Reform." Journal of Law, Economics and Organization, 8, 523-546.
3. Atiyas, Izak (1995). "Bankruptcy Policies: A Comparative Perspective." In Regulatory Policies and Regulatory Reform, edited by C. R. Frischtak. The World Bank.
4. Bebchuck, Lucian A. (1988). "A New Approach to Corporate Reorganization." Harvard Law Review, 101, 775-804.
5. Bénabou, Roland (2000). "Unequal Societies: Income Distribution and the Social Contract." American Economic Review, 90, 96-129.
6. Berglöf, Erik,and Howard Rosenthal (2000)."The Political Economy of American Bank ruptcy: The Evidence from Roll Call Voting, 1800-1978." Working paper, Princeton University.
7. Berkovitch, Elazar, and Ronen Israel (1999). "Optimal Bankruptcy Laws Across Different Economic Systems." Review of Financial Studies, 12, 347-377.
8. Berkovitch, Elazar, Ronen Israel, and Jaime F. Zender (1997). "Optimal Bankruptcy Law and Firm-Specific Investments." European Economic Review, 41, 487-497.
9. Bernanke, Ben, and Mark Gertler (1989). "Agency Costs, Net Worth, and Business Fluctuations." American Economic Review, 79, 14-31.
10. Biais, Bruno, and Jean-François Malécot (1996). "Incentives and Efficiency in the Bankruptcy Process: The Case of France." PSD Occasional Paper No. 23, The World Bank.
11. Biais, Bruno, Thomas Mariotti, Guillaume Plantin, and Jean-Charles Rochet (2007). "Dynamic Security Design: Convergence to Continuous Time and Asset Pricing Implications." Review of Economic Studies, 74, 345-390.
12. Bolton, Patrick, and Howard Rosenthal (2002). "Political Intervention in Debt Contracts." Journal of Political Economy, 110, 1103-1134.
13. Bolton, Patrick, and David S. Scharfstein (1990). "A Theory of Predation Based on Agency Problems in Financial Contracting." American Economic Review, 80, 93-106.
14. Davydenko, Sergei A., and Julian R. Franks (2008). "Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the U.K." Journal of Finance, 63, 565-608.
15. Fisher, Timothy C. G., and Jocelyn Martel (1995). "The Creditors' Financial Reorganiza- tion Decision: New Evidence from Canadian Data."; Journal of Law, Economics and Organization, 11, 112-126.
16. Fisher, Timothy C. G., and Jocelyn Martel (1999). "Should We Abolish Chapter 11? Evidence from Canada." Journal of Legal Studies, 28, 233-257.
17. Franks, Julian R., Kjell G. Nyborg, and Walter N. Torous (1996). "A Comparison of US, UK, and German Insolvency Codes." Financial Management, 25, 86-101.
18. Franks, Julian R., and Oren Sussman (2005a). "Financial Innovations and Corporate Bankruptcy." Journal of Financial Intermediation, 14, 283-317.
19. Franks, Julian R., and Oren Sussman (2005b). "Financial Distress and Bank Restructuring of Small to Medium Size UK Companies." Review of Finance, 9, 65-96.
20. Franks, Julian R., and Walter N. Torous (1989). "An Empirical Investigation of U.S. Firms in Reorganization." Journal of Finance, 44, 747-769.
21. Franks, Julian R., and Walter N. Torous (1994). "A Comparison of Financial Recontracting in Distressed Exchanges and Chapter 11 Reorganizations." Journal of Financial Economics, 35,349-370.
22. Geanakoplos, John D., and Herakles M. Polemarchakis (1986). "Existence, Regularity, and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incom- plete."In Uncertainty, Information and Communication: Essays in Honor of Kenneth Arrow, vol. III, edited by W. P. Heller, R. M. Ross and D. A. Starrett. Cambridge University Press.
23. Giannetti, Mariassunta (2003). "Do Better Institutions Mitigate Agency Problems? Evidence from Corporate Finance Choices." Journal of Financial and Quantitative Analysis, 38, 185-212.
24. Holmström, Bengt, and Jean Tirole (1997). "Financial Intermediation, Loanable Funds, and the Real Sector." Quarterly Journal of Economics, 112, 663-691.
25. Lambert-Mogiliansky, Ariane, Konstantin Sonin, and Ekaterina Zhuravskaya (2007). "Are Russian Commercial Courts Biased?Evidencefroma Bankruptcy Law Transplant."Journal of Comparative Economics, 35, 254-277.
26. La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny (1997). "Legal Determinants of External Finance." Journal of Finance, 52, 1131-1150.
27. La Porta, Rafael, Florencio Lopez-de-Silanes, Andrei Shleifer, and Robert W. Vishny (1998). "Law and Finance." Journal of Political Economy, 106, 1113-1155.
28. Pagano, Marco, and Paolo F. Volpin (2001). "The Political Economy of Finance." Oxford Review of Economic Policy, 17, 502-519.
29. Pagano, Marco, and Paolo F. Volpin (2005). "Managers, Workers and Corporate Control." Journal of Finance, 60, 841-868.
30. Rajan, Raghuram G, and Luigi Zingales(2003).";The Great Reversals: The Politics of Financial Development in the Twentieth Century."; Journal of Financial Economics, 69, 5-50.
31. Rosenstone, Steven J., and John Mark Hansen (1993). Mobilization, Participation and Democracy in America. Macmillan.
32. Sraer, David, and David Thesmar (2007). "Performance and Behavior of Family Firms: Evidence from the French Stock Market." Journal of the European Economic Association, 5, 709-751.
33. Stiglitz, Joseph E. (1982). "The Inefficiency of the Stock Market Equilibrium." Review of Economic Studies, 49, 241-261.
34. White, Michelle J. (1989). "The Corporate Bankruptcy Decision." Journal of Economic Perspectives, 3, 129-151.
35. White, Michelle J. (1996). "The Costs of Corporate Bankruptcy: A U.S. European Comparison." In Corporate Bankruptcy: Economic and Legal Perspectives, edited by J. S. Bhandari and L. A. Weiss. Cambridge University Press.