Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics
收藏数据链接：
官方服务：
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
