Bankruptcy

In our paper ‘It’s Not So Bad: Director Bankruptcy Experience and Corporate Risk Taking,” we evaluate the extent to which a director’s co

Corporate bankruptcies constitute an important mechanism through which the economy rids itself of obsolete firms and allocates their cons

In this paper, I discuss the rise and fall of regulatory competition in corporate insolvency law in the European Union.  The rise is

We usually compare the market price of different companies thinking we are comparing their fundamental values.

Bond workouts are a famously dysfunctional method of debt restructuring, ridden with opportunistic and coercive behavior by bondholders a

We study the resolution of financial distress in shipping, where the ex-territorial nature of assets has distanced the industry from on-s

Across the globe, procedures to restructure financially distressed businesses are increasing in importance. Prima facie, ma