Strategic debt restructuring
We analyze a distressed firm indebted to many creditors. The firm's owners have the option of choosing the sequence of restructuring negotiations with the creditors. We show that sequencing flexibility is beneficial to firm owners, and that the optimal sequencing of restructuring negotiations i...
| Asıl Yazarlar: | , |
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| Materyal Türü: | Journal article |
| Baskı/Yayın Bilgisi: |
2000
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