Add to ORKGSpecifically, in this Article two dimensions of investment are considered: (1) the firm\u27s choice of capitalization or its capital-intensity of production (including the amount of capital invested in the firm, and the debt/equity mix); and (2) given the firm\u27s choice of capitalization, its choice among alternative investment opportunities. Dimension (1) covers what is usually referred to as the underinvestment problem by characterizing the firm\u27s endogenous choices of debt and equity capital. Dimension (2) covers what is usually referred to as the overinvestment problem by characterizing the use to which the firm applies any amount of capital
This excellent Article by business school professors Sandeep Dahiya and Korok Ray provides a mathema...
Since the outset of the recent financial crisis, liquidity problems have been cited as the cause beh...
While legally considered the residual interest, equity holders are often given a very small share of...
This Article argues that the ability of parties to shape their investments in firms is responsible f...
To assess the ex ante costs of bankruptcy reform, Part I of this Article begins with an examination ...
This dissertation investigates the role that capital market imperfections play in shaping the behavi...
The purpose of this Article is to expose that function of bankruptcy law that distinguished it from ...
This dissertation focuses on the relationship between a firm's operational decisions and its bankrup...
To reduce creditors\u27 and shareholders\u27 incentives to resist managers\u27 efforts to maximize, ...
In this thesis, I investigate economic and policy implications of corporate debt financing. In the f...
This paper shows that shareholders' option to renegotiate debt in a period of financial distress exa...
Business bankruptcy systems attempt to solve a coordination problem for the creditors of insolvent f...
A firm, which has a privileged right to undertake an irreversible investment project, simultaneously...
Economic analysis is applied to bankruptcy law. Property right are reassigned in this court administ...
We develop a model of a firm in financial distress. Distress can be mitigated by filing for bankrupt...
This excellent Article by business school professors Sandeep Dahiya and Korok Ray provides a mathema...
Since the outset of the recent financial crisis, liquidity problems have been cited as the cause beh...
While legally considered the residual interest, equity holders are often given a very small share of...
This Article argues that the ability of parties to shape their investments in firms is responsible f...
To assess the ex ante costs of bankruptcy reform, Part I of this Article begins with an examination ...
This dissertation investigates the role that capital market imperfections play in shaping the behavi...
The purpose of this Article is to expose that function of bankruptcy law that distinguished it from ...
This dissertation focuses on the relationship between a firm's operational decisions and its bankrup...
To reduce creditors\u27 and shareholders\u27 incentives to resist managers\u27 efforts to maximize, ...
In this thesis, I investigate economic and policy implications of corporate debt financing. In the f...
This paper shows that shareholders' option to renegotiate debt in a period of financial distress exa...
Business bankruptcy systems attempt to solve a coordination problem for the creditors of insolvent f...
A firm, which has a privileged right to undertake an irreversible investment project, simultaneously...
Economic analysis is applied to bankruptcy law. Property right are reassigned in this court administ...
We develop a model of a firm in financial distress. Distress can be mitigated by filing for bankrupt...
This excellent Article by business school professors Sandeep Dahiya and Korok Ray provides a mathema...
Since the outset of the recent financial crisis, liquidity problems have been cited as the cause beh...
While legally considered the residual interest, equity holders are often given a very small share of...