haku: @indexterm MARKET THEORY / yhteensä: 68
viite: 44 / 68
| Tekijä: | Strömberg, P. |
| Otsikko: | Conflicts of interest and market illiquidity in bankruptcy auctions: theory and tests |
| Lehti: | Journal of Finance
2000 : DEC, VOL. 55:6, p. 2641-2692 |
| Asiasana: | Bankruptcy Banks Liquidity Interest rates Auctions Market theory |
| Kieli: | eng |
| Tiivistelmä: | The author develops and estimates a model of cash auction bankruptcy using data on 205 Swedish firms. He shows that a sale of the assets back to incumbent management is a common bankruptcy outcome. Sale-backs are more likely when they favour the bank at the expense of other creditors. |
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