A Model of Insolvency Resolution: When is Bankruptcy Inefficient?
Information asymmetry about a firm's value has been identified in the literature as an obstacle in restructuring the debt of an insolvent firm. We explore the possibility of a restructuring under complete and symmetric information between a firm and its creditors in a creditor-friendly bankrupt...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Pompea College of Business
2024-11-01
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| Series: | American Business Review |
| Subjects: | |
| Online Access: | https://digitalcommons.newhaven.edu/americanbusinessreview/vol27/iss2/7/ |
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