A Theory of Workouts and the Effects of Reorganization Law
收藏NBER1991-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0103
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资源简介：
We present a model of a financially distressed firm with outstanding bank debt and public debt. Coordination problems among public debtholders introduce investment inefficiencies in the workout process. In most cases, these inefficiencies are not mitigated by the ability of firms to buy back their
提供机构：
美国国家经济研究局
创建时间：
1991-05-01
