Artigo Revisado por pares

A Simple Noncooperative Bargaining Model of Corporate Reorganizations

1991; University of Chicago Press; Volume: 20; Issue: 2 Linguagem: Inglês

10.1086/467889

ISSN

1537-5366

Autores

Douglas G. Baird, Randal C. Picker,

Tópico(s)

Corporate Finance and Governance

Resumo

Previous articleNext article No AccessA Simple Noncooperative Bargaining Model of Corporate ReorganizationsDouglas G. Baird and Randal C. PickerDouglas G. Baird Search for more articles by this author and Randal C. Picker Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmailPrint SectionsMoreDetailsFiguresReferencesCited by The Journal of Legal Studies Volume 20, Number 2Jun., 1991 Sponsored by The University of Chicago Law School Article DOIhttps://doi.org/10.1086/467889 Views: 17Total views on this site Citations: 51Citations are reported from Crossref Copyright 1991 The University of ChicagoPDF download Crossref reports the following articles citing this article:فهد نعمه الشمري, عبد الوهاب عبد اللطيف صادق إعادة هيكلة المشروعات التجارية المتعثِّرة بموجب قانون الإفلاس الكويتي الجديد رقم 71 لسنة 2020 – دراسة نقدية مقارنة, International Review of Law 12, no.11 (Jun 2023): 163–197.https://doi.org/10.29117/irl.2023.0257Michael I. C. Nwogugu Reasoning and Repeated Decisions in Financial Distress, (Sep 2019): 653–675.https://doi.org/10.1057/978-1-137-44704-3_11Michael I. C. Nwogugu Complex Systems and International Political Economy: The Externalities/Governmental-Influence Theory of the Firm, (Sep 2019): 677–718.https://doi.org/10.1057/978-1-137-44704-3_12Michael I. C. Nwogugu Complex Systems, International Political Economy and the Behavioral/Contracts Theory of the Firm, (Sep 2019): 719–750.https://doi.org/10.1057/978-1-137-44704-3_13Baozhuang Niu, Zihao Mu, Youchu Zeng Is Supply Chain Finance the Solution to the Financing Conundrum?, (Jan 2019): 30–61.https://doi.org/10.4018/978-1-5225-7808-6.ch002Elina Moustaira Restructuring, (Dec 2018): 143–149.https://doi.org/10.1007/978-3-030-04450-3_8Benoit Mario Papillon, Martin Morin La réorganisation de l’entreprise en difficulté plutôt que sa liquidation et l’efficacité informationnelle du processus de sélection dans le droit canadien ?, Revue internationale P.M.E.: Économie et gestion de la petite et moyenne entreprise 31, no.3-43-4 (Jan 2018): 261.https://doi.org/10.7202/1054425arJohn R. Birge, Yi Zhang Default Risk Premia and a Non-Linear Asset Pricing Model, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.3061712Nikolay Dinev Voluntary Bankruptcy as Preemptive Persuasion, SSRN Electronic Journal (Jan 2017).https://doi.org/10.2139/ssrn.3073115Nicolae Stef Cost Sharing and Bankruptcy Law Orientation, (Nov 2015): 181–207.https://doi.org/10.1108/S0193-589520150000027007S. Alex Yang, John R. Birge, Rodney P. Parker The Supply Chain Effects of Bankruptcy, Management Science 61, no.1010 (Oct 2015): 2320–2338.https://doi.org/10.1287/mnsc.2014.2079 강경이, Sang-Won Lee The Comparison of the Abnormal Stock Returns of the Reorganized Firms of Korea and United States, Tax Accounting Research null, no.3737 (Sep 2013): 109–139.https://doi.org/10.35349/tar.2013..37.006Régis Blazy, Bruno Deffains, Gisèle Umbhauer, Laurent Weill Severe or gentle bankruptcy law: Which impact on investing and financing decisions?, Economic Modelling 34 (Aug 2013): 129–144.https://doi.org/10.1016/j.econmod.2013.02.001Yaad Rotem Small Business Financial Distress and the “Phoenix Syndrome”-A Re-evaluation, International Insolvency Review 22, no.11 (Dec 2012): 1–28.https://doi.org/10.1002/iir.1202Douglas G. Baird, Anthony J. Casey No Exit? Withdrawal Rights and the Law of Corporate Reorganizations, SSRN Electronic Journal (Jan 2012).https://doi.org/10.2139/ssrn.1987622Song Alex Yang, John R. Birge, Rodney P. Parker The Impact of Bankruptcy Reorganization on Operational Competitiveness and Supply Chain Performance, SSRN Electronic Journal 14 (Jan 2012).https://doi.org/10.2139/ssrn.2080436 Xavier Giné and Inessa Love Do Reorganization Costs Matter for Efficiency? Evidence from a Bankruptcy Reform in Colombia, The Journal of Law and Economics 53, no.44 (Jul 2015): 833–864.https://doi.org/10.1086/605848Edward R. Morrison Bargaining around Bankruptcy: Small Business Workouts and State Law Morrison, The Journal of Legal Studies 38, no.22 (Jul 2015): 255–307.https://doi.org/10.1086/597982Régis Blazy, Joël Petey, Laurent Weill Can Bankruptcy Codes Create Value? Evidence from Creditors' Recoveries in France, Germany, and the UK, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1628814Efraim Benmelech, Nittai K. Bergman Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines *, Quarterly Journal of Economics 123, no.44 (Nov 2008): 1635–1677.https://doi.org/10.1162/qjec.2008.123.4.1635Hülya K. K. Eraslan CORPORATE BANKRUPTCY REORGANIZATIONS: ESTIMATES FROM A BARGAINING MODEL, International Economic Review 49, no.22 (May 2008): 659–681.https://doi.org/10.1111/j.1468-2354.2008.00493.x Yasuhiro Ohta and Kenton K. Yee The Fairness Opinion Puzzle: Board Incentives, Information Asymmetry, and Bidding Strategy Ohta/Yee, The Journal of Legal Studies 37, no.11 (Jul 2015): 229–272.https://doi.org/10.1086/519964Régis Blazy, Gisèle Umbhauer, Laurent Weill How Does Bankruptcy Punishment Impact on Renegotiable Debt Contracts?, SSRN Electronic Journal (Jan 2008).https://doi.org/10.2139/ssrn.1359235Michael Nwogugu Some game theory and financial contracting issues in corporate transactions, Applied Mathematics and Computation 186, no.22 (Mar 2007): 1018–1030.https://doi.org/10.1016/j.amc.2006.08.058Michelle J. White Chapter 14 Bankruptcy Law, (Jan 2007): 1013–1072.https://doi.org/10.1016/S1574-0730(07)02014-2Effi Benmelech, Nittai Bergman Liquidation Values and the Credibility of Financial Contract Renegotiation: Evidence from U.S. Airlines, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.969404Hulya Eraslan, Bilge Yilmaz Deliberation and Security Design in Bankruptcy, SSRN Electronic Journal (Jan 2007).https://doi.org/10.2139/ssrn.989507Yaad Rotem What is Missing in Corporate Bankruptcy Theories? Revisiting the Efficiency Rationale, Israel Law Review 39, no.33 (Jul 2014): 180–228.https://doi.org/10.1017/S0021223700013170Patrick Honohan, Luc Laeven Systemic Financial Crises, 27 (Aug 2009).https://doi.org/10.1017/CBO9780511528521Michael C. I. Nwogugu Some Game Theory and Financial Contracting Issues in Corporate Transactions, SSRN Electronic Journal (Jan 2005).https://doi.org/10.2139/ssrn.1185982John Armour Personal Insolvency Law and the Demand for Venture Capital, European Business Organization Law Review 5, no.11 (Feb 2015): 87–118.https://doi.org/10.1017/S1566752904000874Hulya Eraslan Corporate Bankruptcy Reorganizations: Estimates from a Bargaining Model, SSRN Electronic Journal (Jan 2003).https://doi.org/10.2139/ssrn.380641Vaughn S. Armstrong, Leigh A. Riddick Bankruptcy Law Differences Across Countries, Managerial Incentives and Firm Value, SSRN Electronic Journal (Jan 2003).https://doi.org/10.2139/ssrn.420560Lucian Arye Bebchuk, Howard F. Chang Bargaining and the Division of Value in Corporate Reorganization, SSRN Electronic Journal (Jan 2003).https://doi.org/10.2139/ssrn.471820Matthew Braham, Frank Steffen Voting rules in insolvency law: a simple-game theoretic approach, International Review of Law and Economics 22, no.44 (Dec 2002): 421–442.https://doi.org/10.1016/S0144-8188(02)00113-8Lucian Arye Bebchuk Chapter 11, (Jan 2002): 219–224.https://doi.org/10.1007/978-1-349-74173-1_47Jean-Pierre Benoît, Lewis A. Kornhauser Chapter 60 Game-theoretic analysis of legal rules and institutions, (Jan 2002): 2229–2269.https://doi.org/10.1016/S1574-0005(02)03023-0Douglas G. Baird Game Theory and The Law, (Jan 2017): 850–856.https://doi.org/10.1007/978-1-349-74173-1_160Stefan Wielenberg Strategisches Verhalten bei der Unternehmenssanierung durch außergerichtlichen Vergleich, Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung 53, no.66 (Aug 2016): 605–631.https://doi.org/10.1007/BF03372661Gordon Leslie Clark, Daniel Mansfield, Adam Tickell The German Social Market in the World of Global Finance: Pension Investment Management and the Limits of Consensual Decision Making, SSRN Electronic Journal (Jan 2000).https://doi.org/10.2139/ssrn.238701Lucian Arye Bebchuk Chapter 11, SSRN Electronic Journal (Jan 1998).https://doi.org/10.2139/ssrn.76648Francesca Cornelli, Leonardo Felli Ex-ante efficiency of bankruptcy procedures, European Economic Review 41, no.3-53-5 (Apr 1997): 475–485.https://doi.org/10.1016/S0014-2921(97)00009-3Francesca Cornelli, Leonardo Felli Ex-ante Efficiency of Bankruptcy Procedures, SSRN Electronic Journal (Jan 1997).https://doi.org/10.2139/ssrn.34857ANTONIO E. BERNARDO, ERIC L. TALLEY Investment Policy and Exit-Exchange Offers Within Financially Distressed Firms, The Journal of Finance 51, no.33 (Apr 2012): 871–888.https://doi.org/10.1111/j.1540-6261.1996.tb02710.xROBERT M. MOORADIAN The Effect of Bankruptcy Protection on Investment: Chapter 11 as a Screening Device, The Journal of Finance 49, no.44 (Apr 2012): 1403–1430.https://doi.org/10.1111/j.1540-6261.1994.tb02459.xG L Clark Strategy and Structure: Corporate Restructuring and the Scope and Characteristics of Sunk Costs, Environment and Planning A: Economy and Space 26, no.11 (Jul 2016): 9–32.https://doi.org/10.1068/a260009 Alan Schwartz Bankruptcy Workouts and Debt Contracts, The Journal of Law and Economics 36, no.1, Part 21, Part 2 (Oct 2015): 595–632.https://doi.org/10.1086/467291 Douglas G. Baird Revisiting Auctions in Chapter 11, The Journal of Law and Economics 36, no.1, Part 21, Part 2 (Oct 2015): 633–653.https://doi.org/10.1086/467292 Thomas H. Jackson Comment on Baird, "Revisiting Auctions in Chapter 11", The Journal of Law and Economics 36, no.1, Part 21, Part 2 (Oct 2015): 655–669.https://doi.org/10.1086/467293Gordon L. Clark Compensation for Workers Adversely Affected by Corporate Restructuring: Pension Rights, the Law and Public Policy, Regional Studies 27, no.66 (Jan 1993): 541–560.https://doi.org/10.1080/00343409312331347755ROBERT GERTNER, DAVID SCHARFSTEIN A Theory of Workouts and the Effects of Reorganization Law*, The Journal of Finance 46, no.44 (Apr 2012): 1189–1222.https://doi.org/10.1111/j.1540-6261.1991.tb04615.x

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