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Asset Allocation in Bankruptcy

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NBER2017-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23305
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This paper investigates the consequences of liquidation and reorganization on the allocation and subsequent utilization of assets in bankruptcy. Using the random assignment of judges to bankruptcy cases as a natural experiment that forces some firms into liquidation, we find that the long-run
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2017-04-01
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