search query: @author Lamont, B.T. / total: 2
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| Author: | Dawley, D.D. Hoffman, J.J. Lamont, B.T. |
| Title: | Choice situation, refocusing, and post-bankruptcy performance |
| Journal: | Journal of Management
2002 : VOL. 28:5, p. 695-717 |
| Index terms: | Companies Finance Bankruptcy Statistical methods Management Legislation USA |
| Language: | eng |
| Abstract: | This study sheds additional light on how and when firms improve their performance after having filed for Chapter 11 reorganization protection. Based on the work of Hrebinaiak and Joyce (1985) and Marlin, Lamont and Hoffman (1994), a framework is developed that identifies which distressed firms have the best chances of surviving bankruptcy and the extent to which refocusing, a popularly prescribed remedy for these ailing firms, will aid their plight. The results demonstrate the utility of viewing bankruptcy reorganizations as different choice situations, where firms have varying levels of strategic choice, determined largely by their stockpiles of redeployable resources, and face different degrees of environmental constraint. |
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