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Bankruptcy choice with endogenous financial constraints 원문보기

Review of economic dynamics, v.26, 2017년, pp.225 - 242  

Tamayo, Cesar E.

Abstract AI-Helper 아이콘AI-Helper

Abstract In this paper we study firm dynamics and industry equilibrium when firms under financial distress face a non-trivial choice between alternative bankruptcy procedures. Given limited commitment and asymmetric information, financial contracts specify default, renegotiation and reorganization ...

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