Nothing Special   »   [go: up one dir, main page]
create a website
How Costly is Financial (not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed. (1997). Kaplan, Steven ; Andrade, Gregor.
In: NBER Working Papers.
RePEc:nbr:nberwo:6145.

Full description at Econpapers || Download paper

Cited: 4

Citations received by this document

Cites: 33

References cited by this document

Cocites: 47

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Corporate Governance and Financial Distress: Empirical Evidence from listed Consumer Services Firms in Sri Lanka . (2022). Balagobei, S.
    In: GATR Journals.
    RePEc:gtr:gatrjs:afr211.

    Full description at Econpapers || Download paper

  2. Financial Risk and Financial Performance: Evidence and Insights from Commercial and Services Listed Companies in Nairobi Securities Exchange, Kenya. (2020). , Stephen ; Stephen, ; Onsongo, Susan Kerubo ; Mwangi, Lucy Wamugo.
    In: IJFS.
    RePEc:gam:jijfss:v:8:y:2020:i:3:p:51-:d:397215.

    Full description at Econpapers || Download paper

  3. Does the Source of Capital Affect Capital Structure?. (2003). Petersen, Mitchell ; Faulkender, Michael .
    In: NBER Working Papers.
    RePEc:nbr:nberwo:9930.

    Full description at Econpapers || Download paper

  4. Agency Costs, Risk Management, and Capital Structure.. (1998). Leland, Hayne.
    In: Research Program in Finance Working Papers.
    RePEc:ucb:calbrf:rpf-278.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Alderson, Michael and Brian Betker, 1995, Liquidation costs and capital structure, Journal of Financial Economics 39, 45-69.

  2. Alderson, Michael and Brian Betker, 1996, Assessing postbankruptcy performance: An analysis of reorganized firms cash flows, working paper, Saint Louis University.
    Paper not yet in RePEc: Add citation now
  3. Altman, Edward, 1984, A farther investiganon of the bankruptcy cost question, Journal of Finance 39, 1067-1089.
    Paper not yet in RePEc: Add citation now

  4. Asquith, Paul, Robert Gertner, and David Scharfstein, 1994, Anatomy of financial distress: An examination of iunk-bond issuers, Quarterly Journal of Economics 109, 625-658.

  5. Baird, Douglas, 1986, The uneasy case for corporate reorganizations, Journal of Legal Studies 15, 127- 147.
    Paper not yet in RePEc: Add citation now

  6. Bhagat, Sanjav, Andrei Shleifer, and Robert Vishny, 1990, Hostile takeovers in the l980s: The return to corporate specialization, Brookings Papers on Economic Activity: Microeconomics, 1-72.

  7. Bradley, Michael and Michael Rosenzweig, 1992, The untenable case for Chapter 11, Yale Law Journal 101, 1043.
    Paper not yet in RePEc: Add citation now

  8. Denis. David and Diane Denis, 1995, Causes of financial distress following leveraged recapitalizations, Journal of Financial Economics 37, 129-158.

  9. Easterhrook, Frank, 1990, Is corporate bankruptcy efficient?, Journal of Financial Economics 27, 411-418.

  10. Eberhart, Allan, Reena Aggarwal, and Edward Altman, 1997, The equity performance of firms emerging from bankruptcy, working paper, Georgetown University.

  11. Geriner, Robert and Randal Picker, 1992, Bankruptcy and the allocation of control, Working paper (University of Chicago, Chicago, IL).
    Paper not yet in RePEc: Add citation now
  12. Gertner, Robert and David Schaittein, 1991, A theory of workouts and the effects of reorgam.zation law, Journal of Finance 46, 1189-1222.
    Paper not yet in RePEc: Add citation now

  13. Giammarino, Robert, 1989, The resolution of financial distress, Review of Financial Studies 2, 25-47.

  14. Gilson, Stuart, 1997, Transactions costs and capital structure choice: Evidence from financially distressed firms, Joumal of Finance 52, 161-197.

  15. Gilson, Stuart, Kose John, and Larry Lang, 1990, Troubled debt restructurings: An empirical study of private reorganization of firms in default, Journal of Financial Economics 27, 315-354.

  16. Governors, Washington, DC). Helwege, Jean and Opler, Tim, 1993, Leveraged buyouts in the late eighties, how bad were they? Working paper (Southern Methodist University, Dallas, TX).
    Paper not yet in RePEc: Add citation now

  17. Hall, B., 1990, The impact of corporate restructuring on industrial research and development. Brookings Papers 27 on Economic Activity: Microeconomics, 85-124.

  18. Haugen, Robert and Lemma Senbet, 1978, The insignificance of bankruptcy costs io the theory of optimal capital structure. Journal of Finance 33, 383-393.

  19. Hotchkiss, Edie, 1995, Post-bankruptcy performance and management turnover, Journal of Finance 50, 3-22.
    Paper not yet in RePEc: Add citation now
  20. Jensen, Michael, 1989, The eclipse of the public corporation, Harvard Business Review No. 5, 61-74.
    Paper not yet in RePEc: Add citation now

  21. Jensen, Michael, 1991, Corporate control and the politics of finance, Journal of Applied Corporate Finance, Kaplan, Steven, 1 989a, The effects of management buyouts on operations and value, Journal of Financial Economics 24, 217-254.

  22. Kaplan, Steven and Jeremy Stein, 1990, How nsky is the debt in highly leveraged transactions?, Journal of Financial Economics 27, 215-246.

  23. Kaplan, Steven and Jeremy Stein, I 993b, The evolution of buyout pricing and financial structure (or what went wrong) in the I 980s, Journal of Applied Corporate Finance, 72-88 LoPucki, Lynn and William Whitford, 1993 a, Corporate governance in the bankruptcy reorganization of large, publicly-held companies, University of Pennsylvania Law Review 141.

  24. Kaplan, Steven and Richard Ruback, 1995, The valuation of cash flow forecasts, Journal of Finance 50, 1059-1094.
    Paper not yet in RePEc: Add citation now
  25. Kaplan, Steven, 1989b, Campeaus acquisition of Federated: Value created or value destroyed? Journal of Financial Economics 25, 191-212.
    Paper not yet in RePEc: Add citation now
  26. Kaplan, Steven, 1994b, Federateds Acquisition and Bankruptcy: Lessons and Implications, Washington Umversitv Law Quarterly, Volume 72, Number 3, 1103-1226.
    Paper not yet in RePEc: Add citation now
  27. LoPucki, Lynn and William Whitford, 1993b, Patterns in the bankruptcy reorganization of large, publicly-held companies, Cornell University Law Review 78.
    Paper not yet in RePEc: Add citation now

  28. Maksimovic, Vojislav and Gordon Phillips, 1996, Efficiency of banknipt firms and industry conditions: Theorv and evidence, working paper, University of Maryland.

  29. Ofek, Elie, 1993. Capital structure and firm response to poor performance: An empirical analysis. Journal of Financial Economics 34, 3-30.

  30. Senhet, Lemma, and James Seward, 1995, Financial Distress, Bankruptcy and Reorganization, in Jarrow, R.A., V. Maksimuvic, and W. Ziemba, eds., Finance, Elsevier Science, New York.
    Paper not yet in RePEc: Add citation now

  31. Shleifer, Andrei and Robert Vishny, 1992, Liquidation values and debt capacity: A market equilibrium approach, Journal of Finance 47, 1343-1366.

  32. Weiss, Lawrence A. And Karen H. Wruck, 1996, Financial distress, information problems, and conflicts of interest: Chapter Ils failure in the case of Eastern Airlines, working paper, Harvard Business School.
    Paper not yet in RePEc: Add citation now
  33. Weiss, Lawrence A., 1990, Bankruptcy resolution: Direct costs and violation of prionty of claims, Journal of Financial Economies 27, 285-314.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. An Empirical Study of DeFi Liquidations: Incentives, Risks, and Instabilities. (2021). Gamito, Pablo ; Zhou, Liyi ; Qin, Kaihua ; Gervais, Arthur ; Jovanovic, Philipp.
    In: Papers.
    RePEc:arx:papers:2106.06389.

    Full description at Econpapers || Download paper

  2. Two Tales of Debt. (2020). Ma, Yueran ; Kermani, Amir.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:27641.

    Full description at Econpapers || Download paper

  3. The Transmission of Monetary Policy through Bank Lending : The Floating Rate Channel. (2017). Ozdagli, Ali ; Ippolito, Filippo ; Perez, Ander.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2017-26.

    Full description at Econpapers || Download paper

  4. The Interaction between Household and Firm Dynamics and the Amplification of Financial Shocks. (2015). Caggese, Andrea ; Orive, Ander Perez .
    In: Working Papers.
    RePEc:bge:wpaper:866.

    Full description at Econpapers || Download paper

  5. The Asymmetric Effects of Financial Frictions. (2013). Ordonez, Guillermo ; Guillermo Ordoñez, .
    In: Journal of Political Economy.
    RePEc:ucp:jpolec:doi:10.1086/673886.

    Full description at Econpapers || Download paper

  6. The Oxford Handbook of Corporate Governance. (2013). wright, mike ; Siegel, Donald.
    In: OUP Catalogue.
    RePEc:oxp:obooks:9780199642007.

    Full description at Econpapers || Download paper

  7. Financial constraints, endogenous markups, and self-fulfilling equilibria. (2013). Wang, Pengfei ; Benhabib, Jess.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:60:y:2013:i:7:p:789-805.

    Full description at Econpapers || Download paper

  8. The Flip Side of Financial Synergies: Coinsurance versus Risk Contamination. (2013). Ottaviani, Marco ; Banal-Estanol, Albert ; Banal-Estaol, Albert.
    In: Working Papers.
    RePEc:bge:wpaper:484.

    Full description at Econpapers || Download paper

  9. Bankruptcy law and credit market: a general-equilibrium approach. (2013). Funchal, Bruno ; Araujo, Aloisio.
    In: Fucape Working Papers.
    RePEc:bbz:fcpwps:39.

    Full description at Econpapers || Download paper

  10. Conglomeration with bankruptcy costs: Separate or joint financing?. (2010). Ottaviani, Marco ; Banal-Estanol, Albert ; Banal-Estaol, Albert.
    In: Economics Working Papers.
    RePEc:upf:upfgen:1191.

    Full description at Econpapers || Download paper

  11. Do Reorganization Costs Matter for Efficiency? Evidence from a Bankruptcy Reform in Colombia. (2010). Love, Inessa ; Gine, Xavier ; Xavier Giné, .
    In: Journal of Law and Economics.
    RePEc:ucp:jlawec:doi:10.1086/605848.

    Full description at Econpapers || Download paper

  12. Credit market imperfections and the power of the financial accelerator: A theoretical and empirical investigation. (2010). Cavalcanti, Marco ; Cavalcanti, Marco Antonio F. H., .
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:32:y:2010:i:1:p:118-144.

    Full description at Econpapers || Download paper

  13. The Costs of Bankruptcy. (2009). zhu, ning ; welch, ivo ; Bris, Arturo .
    In: Yale School of Management Working Papers.
    RePEc:ysm:somwrk:amz2375.

    Full description at Econpapers || Download paper

  14. Automatic bankruptcy auctions and fire-sales. (2008). Thorburn, Karin ; Eckbo, B..
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:89:y:2008:i:3:p:404-422.

    Full description at Econpapers || Download paper

  15. Financing and takeovers. (2008). Zhdanov, Alexei ; Morellec, Erwan.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:87:y:2008:i:3:p:556-581.

    Full description at Econpapers || Download paper

  16. Commodity betas with mean reverting output prices. (2008). Hong, Gwangheon ; Sarkar, Sudipto.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:32:y:2008:i:7:p:1286-1296.

    Full description at Econpapers || Download paper

  17. Leverage and business groups: Evidence from Indian firms. (2007). Green, Christopher ; Manos, Ronny ; Murinde, Victor.
    In: Journal of Economics and Business.
    RePEc:eee:jebusi:v:59:y:2007:i:5:p:443-465.

    Full description at Econpapers || Download paper

  18. Valuation of defaultable bonds and debt restructuring. (2007). Dumitrescu, Ariadna.
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:13:y:2007:i:1:p:94-111.

    Full description at Econpapers || Download paper

  19. Do reorganization costs matter for efficiency ? Evidence from a bankruptcy reform in Colombia. (2006). Love, Inessa ; Gine, Xavier.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:3970.

    Full description at Econpapers || Download paper

  20. Capital structure, credit risk, and macroeconomic conditions. (2006). Miao, Jianjun ; Hackbarth, Dirk ; Morellec, Erwan.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:82:y:2006:i:3:p:519-550.

    Full description at Econpapers || Download paper

  21. Time-Varying Uncertainty and the Credit Channel. (2006). Salyer, Kevin ; Lee, Gabriel.
    In: Working Papers.
    RePEc:cda:wpaper:189.

    Full description at Econpapers || Download paper

  22. Managerial Preferences, Corporate Governance, and Financial Structure. (2006). Miao, Jianjun ; Liu, Hong.
    In: Boston University - Department of Economics - Working Papers Series.
    RePEc:bos:wpaper:wp2006-020.

    Full description at Econpapers || Download paper

  23. Agency Costs and Investment Behavior. (2005). Salyer, Kevin ; Lee, Gabriel ; Dorofeenko, Viktor .
    In: Economics Series.
    RePEc:ihs:ihsesp:182.

    Full description at Econpapers || Download paper

  24. Bank finance versus bond finance: what explains the differences between US and Europe?. (2005). Uhlig, Harald ; De Fiore, Fiorella.
    In: SFB 649 Discussion Papers.
    RePEc:hum:wpaper:sfb649dp2005-042.

    Full description at Econpapers || Download paper

  25. Market discipline of bank risk: Evidence from subordinated debt contracts. (2005). Goyal, Vidhan.
    In: Journal of Financial Intermediation.
    RePEc:eee:jfinin:v:14:y:2005:i:3:p:318-350.

    Full description at Econpapers || Download paper

  26. Replacement versus adaptation investments and equity value. (2005). Nwaeze, Emeka T..
    In: Journal of Corporate Finance.
    RePEc:eee:corfin:v:11:y:2005:i:3:p:523-549.

    Full description at Econpapers || Download paper

  27. Bank finance versus bond finance: what explains the differences between US and Europe?. (2005). Uhlig, Harald ; De Fiore, Fiorella.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2005547.

    Full description at Econpapers || Download paper

  28. Capital Structure, Credit Risk, and Macroeconomic Conditions. (2005). Miao, Jianjun ; Hackbarth, Dirk ; Morellec, Erwan.
    In: CEMA Working Papers.
    RePEc:cuf:wpaper:439.

    Full description at Econpapers || Download paper

  29. Bank Finance versus Bond Finance: What Explains the Differences Between the US and Europe?. (2005). Uhlig, Harald ; De Fiore, Fiorella.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5213.

    Full description at Econpapers || Download paper

  30. Capital Structure, Credit Risk, and Macroeconomic Conditions. (2005). Miao, Jianjun ; Hackbarth, Dirk ; Morellec, Erwan.
    In: Boston University - Department of Economics - Macroeconomics Working Papers Series.
    RePEc:bos:macppr:wp2005-005.

    Full description at Econpapers || Download paper

  31. The magnitude and Cyclical Behavior of Financial Market Frictions. (2004). Swanson, Eric ; Levin, Andrew.
    In: Computing in Economics and Finance 2004.
    RePEc:sce:scecf4:224.

    Full description at Econpapers || Download paper

  32. The magnitude and cyclical behavior of financial market frictions. (2004). Zakrajsek, Egon ; Levin, Andrew ; Natalucci, Fabio M..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2004-70.

    Full description at Econpapers || Download paper

  33. Auditor choice and the cost of debt capital for newly public firms. (2004). Pittman, Jeffrey A. ; Fortin, Steve.
    In: Journal of Accounting and Economics.
    RePEc:eee:jaecon:v:37:y:2004:i:1:p:113-136.

    Full description at Econpapers || Download paper

  34. DETERMINANTS OF THE FIRM’S CAPITAL STRUCTURE - THE CASE OF THE VERY SMALL ENTERPRISES. (2003). Barbosa, Evaldo ; CRISTIANA DE CASTRO MORAES, .
    In: Finance.
    RePEc:wpa:wuwpfi:0302001.

    Full description at Econpapers || Download paper

  35. A Real Options Approach to Bankruptcy Costs: Evidence from Failed Commercial Banks During the 1990s. (2002). Mason, Joseph R..
    In: Center for Financial Institutions Working Papers.
    RePEc:wop:pennin:02-20.

    Full description at Econpapers || Download paper

  36. Time-Varying Uncertainty and the Credit Channel. (2002). Salyer, Kevin ; Lee, Gabriel ; Dorofeenko, Victor .
    In: Economics Series.
    RePEc:ihs:ihsesp:118.

    Full description at Econpapers || Download paper

  37. The Valuation of Corporate Liabilities: Theory and Tests. (2002). Ericsson, Jan ; Reneby, Joel .
    In: SSE/EFI Working Paper Series in Economics and Finance.
    RePEc:hhs:hastef:0445.

    Full description at Econpapers || Download paper

  38. Economic Distress, Financial Distress, and Dynamic Liquidation. (2002). Kahl, Matthias .
    In: Journal of Finance.
    RePEc:bla:jfinan:v:57:y:2002:i:1:p:135-168.

    Full description at Econpapers || Download paper

  39. Monetary shocks, agency costs, and business cycles. (2000). Fuerst, Timothy ; Carlstrom, Charles.
    In: Working Papers (Old Series).
    RePEc:fip:fedcwp:0011.

    Full description at Econpapers || Download paper

  40. The Cost of Recessions Revisited: A Reverse-Liquidationist View. (1999). Caballero, Ricardo ; Hammour, Mohamad L..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:7355.

    Full description at Econpapers || Download paper

  41. Improper Churn: Social Costs and Macroeconomic Consequences. (1998). Caballero, Ricardo ; Hammour, Mohamad L..
    In: NBER Working Papers.
    RePEc:nbr:nberwo:6717.

    Full description at Econpapers || Download paper

  42. How Costly is Financial (not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed. (1997). Kaplan, Steven ; Andrade, Gregor.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:6145.

    Full description at Econpapers || Download paper

  43. Capital structure decisions: What have we learned?. (1997). Vasconcellos, Geraldo M. ; Kish, Richard J. ; Ryen, Glen T..
    In: Business Horizons.
    RePEc:eee:bushor:v:40:y:1997:i:5:p:41-50.

    Full description at Econpapers || Download paper

  44. Default risk in asset pricing. (1996). Mella-Barral, Pierre ; Mella-Baral, Pierre ; TYCHON, Pierre .
    In: Discussion Papers (IRES - Institut de Recherches Economiques et Sociales).
    RePEc:ctl:louvir:1996021.

    Full description at Econpapers || Download paper

  45. Liquidation Versus Continuation: Did Reorganized Firms Do The Right Thing?. (1995). Betker, Brian L. ; Michael J. Alderson and, .
    In: Research in Financial Economics.
    RePEc:wop:ohsrfe:9512.

    Full description at Econpapers || Download paper

  46. A Normative Theory of Business Bankruptcy. (0000). schwartz, alan.
    In: American Law & Economics Association Annual Meetings.
    RePEc:bep:alecam:1037.

    Full description at Econpapers || Download paper

  47. Conflicts of Interest and Market Illiquidity in Bankruptcy Auctions: Theory and Tests. (). Stromberg, Per.
    In: CRSP working papers.
    RePEc:wop:chispw:459.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2024-12-14 03:50:04 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.