Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics
收藏NBER2017-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23515
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资源简介：
In this paper, we ask how bankruptcy law affects the financial decisions of corporations and its implications for firm dynamics. According to current U.S. law, firms have two bankruptcy options: Chapter 7 liquidation and Chapter 11 reorganization. Using Compustat data, we first document capital
提供机构：
美国国家经济研究局
创建时间：
2017-06-01
