Corporate bankruptcy : economic and legal perspectives / edited by Jagdeep S. Bhandari, Lawrence A. Weiss.
1996
KF1544.A75 C67 1996 (Map It)
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Title
Corporate bankruptcy : economic and legal perspectives / edited by Jagdeep S. Bhandari, Lawrence A. Weiss.
Published
London : New York : Cambridge University Press, 1996.
Call Number
KF1544.A75 C67 1996
ISBN
0521451078
0521457173 (pbk.)
0521457173 (pbk.)
Description
xvii, 559 pages : illustrations ; 24 cm
System Control No.
(OCoLC)32312196
Bibliography, etc. Note
Includes bibliographical references and index.
Record Appears in
Table of Contents
Foreward / Richard A. Posner
Preface
Pt. I
The role of credit
1
1Leverage, Nobel Memorial Prize Lecture (1990) / Merton H. Miller
3
2Agency costs of free cash flow, corporate finance, and takeovers / Michael C. Jensen
11
3A theory of loan priorities / Alan Schwartz
17
Pt. II
Bankruptcy as a reflection of the creditors' implicit bargain
25
4A world without bankruptcy / Douglas G. Baird
29
5Bankruptcy, nonbankruptcy entitlements, and the creditors' bargain / Thomas H. Jackson
39
6Translating assets and liabilities to the bankruptcy forum / Thomas H. Jackson
58
7Bankruptcy policy / Elizabeth Warren
73
8Loss distribution, forum shopping, and bankruptcy: A reply to Warren / Douglas G. Baird
95
Pt. III
Beyond the basic creditors' bargain
109
9Bargaining after the fall and the contours of the absolute priority rule / Douglas G. Baird Thomas H. Jackson
113
10On the nature of bankruptcy: An essay on bankruptcy sharing and the creditors' bargain / Thomas H. Jackson Robert E. Scott
141
11A simple noncooperative bargaining model of corporate reorganizations / Douglas G. Baird Randal C. Picker
168
12Commentary on "On the nature of bankruptcy": bankruptcy, priority, and economics / Mark J. Roe
181
13Bankruptcy and risk allocation / Barry E. Adler
190
14The corporate bankruptcy decision / Michelle J. White
207
15Bargaining over equity's share in the bankruptcy reorganization of large, publicly held companies / Lynn M. Lopucki William C. Whitford
232
16Bankruptcy resolution: Direct costs and violation of priority of claims / Lawrence A. Weiss
260
17The costs of conflict resolution and financial distress: Evidence from the Texaco-Pennzoil litigation / David M. Cutler Lawrence H. Summers
279
18Survey of evidence on business bankruptcy / Michelle J. White
298
Pt. IV
Workouts or bargaining in the shadow of bankruptcy
307
19Managing default: Some evidence on how firms choose between workouts and chapter 11 / Stuart C. Gilson
308
20The economics of pre-packaged bankruptcy / John McConnell Henri Servaes
322
Pt. V
Alternatives to bankruptcy and the creditors' bargain
327
21Corporate control and the politics of finance / Michael C. Jensen
329
22The uneasy case for corporate reorganizations / Douglas G. Baird
336
23Bankruptcy and debt: A new model for corporate reorganization / Mark J. Roe
351
24A new approach to corporate reorganizations / Lucian Arye Bebchuk
370
25Debtors choice: A menu approach to corporate bankruptcy / Robert K. Rasmussen
395
26Is corporate bankruptcy efficient? / Frank H. Easterbrook
408
27The voting prohibition in bond workouts / Mark J. Roe
415
28Financial and political theories of American corporate bankruptcy / Barry E. Adler
434
Pt. VI
Experience of other countries
449
29Lessons from a comparison of U.S. and U.K. insolvency codes / Julian R. Franks Walter N. Torous
450
30The costs of corporate bankruptcy: A U.S.-European comparison / Michelle J. White
467
31Should we abolish Chapter 11? The evidence from Japan / Theodore Eisenberg Shoichi Tagashira
501
32The role of banks in reducing the costs of financial distress in Japan / Takeo Hoshi Anil Kashyap David Sharfstein
531
Index
550