Bankruptcy as a deliberate strategy: Theoretical considerations and empirical evidence

• Main Authors: Moulton, W. N., Thomas, Howard
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1993
• Subjects: Bankruptcy; business failure; financial distress; reorganization; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3976
• Institution: Singapore Management University

Bankruptcy and bankruptcy reorganizations have been identified as remedies for financial distress, but there is little agreement on their value to firms, managers, and the general economy. This paper provides a brief review of proposed bankruptcy strategies and some alternative views about their cos...