We study the effects of a court decision granting creditors the power to force into bankruptcy corporate debtors whose liabilities exceed their assets...
Better access to debt markets mitigates the effects of uncertainty on corporate policies. We establish this result using the staggered introduction of...
We examine the multi-faceted effect of creditor rights on the way banks monitor, operate and finance themselves. We present a simple analytical model...
We study the resolution of financial distress in shipping, where the ex-territorial nature of assets has distanced the industry from on-shore...Read more