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- W3121534936 abstract "The restructuring of a bankrupt company often entails a change of control. By efficiency of a bankruptcy procedure it is usually meant that the control is allocated into the hands of those who can maximize its value. In this paper we focus instead on how to allocate control with a procedure that allows the creditors to maximize their returns. The conclusion is that creditors should be allowed to retain a fraction of the shares of the company." @default.
- W3121534936 created "2021-02-01" @default.
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- W3121534936 date "1998-08-01" @default.
- W3121534936 modified "2023-09-23" @default.
- W3121534936 title "Revenue Efficiency and Change of Control: The Case of Bankruptcy" @default.
- W3121534936 hasPublicationYear "1998" @default.
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