Financial distress, bankruptcy law and the business cycle by Sussman, O, Suarez, J

“…We show that a law reform that "softens" bankruptcy law may increase the amplitude of the cycle in the long run. …”

Creating Incentives for Private Infrastructure Companies to Become More Efficient. by Alexander, I, Mayer, C

“…March 1997 Certain factors can maximize the pressure on privatized infrastructure companies to be more efficient: the threat of bankruptcy, internal controls imposed by shareholders, and external disciplines (such as the threat of hostile takeover). …”

The role of consumer leverage in generating financial crises by Dimova, D

“…Consumer leverage can generate financial crises characterized by increased bankruptcy, tightened credit access and reduced demand for goods. …”

Stable partitions for games with non-transferable utilities and externalities by Karos, D

“…We use our model to provide a common framework for a variety of solutions for cooperative games, bargaining problems and bankruptcy problems.…”

On the design of a neutral business tax under uncertainty. by Bond, S, Devereux, M

“…This paper extends the results of Boadway and Bruce (Journal of Public Economics, 1984, 24, 231–239) and Fane (Journal of Public Economics, 1987, 33, 95–105) to describe a tax on business profits which is neutral with respect to investment and wind-up decisions, and default outcomes, under uncertainty and bankruptcy risk. The tax base allows deductions for depreciation and the cost of finance, but requires knowledge of neither true economic depreciation nor the firm's required rate of return. …”

Spontaneous market emergence by Fafchamps, M

“…Reputational equilibria in which cheaters are permanently excluded from trade are not decentralizable unless markets are already developed and breach of contract is interpreted as a sign of impending bankruptcy. Market emergence is a path dependent process.…”

Spontaneous Market Emergence. by Fafchamps, M

“…Reputational equilibria in which cheaters are permanently excluded from trade are not decentralizable unless markets are already developed and breach of contract is interpreted as a sign of impending bankruptcy. Market emergence is a path dependent process.…”

Debt restructuring for the Eurozone by Tsomocos, D, Wang, X

“…In contrast to a fiscal union that resorts to the government’s visible hand to move nominal resources across countries, the debt restructuring plan designs the bankruptcy rules, but it allows the invisible hand of the markets to make the choice based on context-dependent incentives. …”

Rational Resistance to Land Privatisation in Russia: Modelling the Behaviour of Rural Producers in Response to Agrarian Reforms, 1861-2000. by Leonard, C

“…The visible consequence of stalemated reform has been persistent agricultural output decline and widespread bankruptcy of large farm entities, without any significant rise of independent farming. …”

Rational resistance to land privatisation in Russia: modelling the behaviour of rural producers in response to agrarian reforms, 1861-2000 by Leonard, C

“…The visible consequence of stalemated reform has been persistent agricultural output decline and widespread bankruptcy of large farm entities, without any significant rise of independent farming. …”