Bankruptcy Contracting Reviewed

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Contracting Externalities and Mandatory Menus in the U.S. Corporate Bankruptcy Code

Our paper offers the first justification for the U.S. bankruptcy code, in which firms are not allowed to commit themselves ex-ante in their lending agreements either to (Chapter 7) liquidation or to (Chapter 11) reorganization in case of distress ex-post. If fire-sale liquidation imposes negative externalities on their peers, then firms can be collectively better off if they are all forced into...

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Reviewed by

What counts as evidence in linguistics? In our discipline this is a perennial issue, a question to which different schools and generations of linguists have given varying responses. Inductive procedures, the analysis of language samples known as corpora, have been one strong option since Bloomfield's structuralism and have gained increasing momentum in recent years. Technological advances have ...

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Reviewed by

Jean-Luc Arrègle, Université du Luxembourg (editor) Laure Cabantous, ESCP Europe, Paris (editor) Stewart Clegg, University of Technology, Sydney (editor) Olivier Germain, U. du Québec à Montréal (editor, book reviews) Karim Mignonac, Université de Toulouse 1 (Editor) Philippe Monin, EM Lyon Business School (editor) Tyrone Pitsis, University of Newcastle (editor) José Pla-Barber, Universidad de ...

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ژورنال

عنوان ژورنال: The Yale Law Journal

سال: 1999

ISSN: 0044-0094

DOI: 10.2307/797492