In this paper, we review the premises and practice of the historical method in order to understand how it can be applied to studying information systems (IS) related phenomena. We first examine the philosophical and methodological foundations of the method. For this purpose, we introduce a four-tiered research framework, which consists of (1) the paradigmatic or meta-theoretic assumptions that ...

In this paper, we build up a signaling model that links management pay-off in corporate restructuring (widely known as absolute priority violations) and optimal composition of a firm’s debt. We show that in the event of corporate reorganization and the renegotiation of debt claims, the management receives a pay-off that consists of two elements. (a) A signaling component that sends a message to...