Costs and recovery rates in the Dutch liquidation-based bankruptcy system

Endogenous Bankruptcy and Expected Recovery

Using a large sample of Chapter 11 filings from 1996 to 2007 we find that the endogenously determined expected recovery derived from Leland and Toft (1996) has strong explanatory power on debt recovery observed in the market. Our results hold after firm characteristics, industry distress, and macroeconomic conditions are accounted for. In addition, we find that agency conflicts and ex post bank...

Comparative evaluation of pregnancy rates in Dutch laboratory rabbit after insemination and natural breeding

the comparative impact of prompts and recasts in processing instruction versus meaningful output-based instruction on efl learners’ writing accuracy

the purpose of the present study was to see which one of the two instruction-processing instruction (pi) and meaningful output based instruction (mobi) accompanied with prompt and recast- is more effective on efl learners’ writing accuracy. in order to homogenize the participants in term of language proficiency a preliminary english test (pet) was administrated between 74 intermediate students ...

a corpus-based study of the frequency of personal pronouns in translated and comparable non-translated persian texts

چکیده ندارد.

Bankruptcy and Transaction Costs in General Financial Models

General financial models have become workhorse models in the fields of macroeconomics and finance. These models have been developed and extensively studied by general equilibrium theorists. What makes them so applicable for macroeconomics and finance is the well accepted fact that models with a representative agent and without financial frictions yield equilibrium outcomes that are inconsistent...