haku: @indexterm SEQUENTIAL ANALYSIS / yhteensä: 60
viite: 17 / 60
| Tekijä: | Bergman, Y. Callen, J. |
| Otsikko: | Rational deviations from absolute priority rules |
| Lehti: | International Review of Financial Analysis
1995 : VOL. 4:1, p. 1-18 |
| Asiasana: | SEQUENTIAL ANALYSIS BANKRUPTCY MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | This paper uses a sequential bargaining model to analyze bankruptcy reorganizations. It is shown that deviations from absolute priority rules are rational responses by bondholders and the courts to management bargaining power engendered by the formal reorganization process. It is proved that event solvent firms may find it optimal to initiate bankruptcy proceedings. The factors that determine the extent of the deviations are also analyzed. |
SCIMA