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Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines

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NBER2008-06-01 更新2025-01-04 收录
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How do liquidation values affect financial contract renegotiation? While the 'incomplete contracting' theory of financial contracting predicts that liquidation values determine the allocation of bargaining power between creditors and debtors, there is little empirical evidence on financial contract

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2008-06-01
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