Journal Article
Absolute priority rule violations in bankruptcy
Abstract: An examination of the impact of APR violations, demonstrating that the efficiency of such violations depends on the specific contracting problem with which a firm and its creditors are faced, and that as a result, an optimal bankruptcy institution should allow contract participants to decide ex ante whether such violations will occur.
Access Documents
File(s):
File format is application/pdf
https://fraser.stlouisfed.org/title/economic-review-federal-reserve-bank-cleveland-1328/1995-quarter-4-4364?page=22
Description: Full text
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1995
Issue: Q IV
Pages: 21-30