Fed in Print
All Title Author Abstract Keywords
Bank Series Content Type Author JEL Classification Keyword

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 text/html http://www.clevelandfed.org/Research/Review95/95-q4-longhofer.pdf

File(s): https://fraser.stlouisfed.org/scribd/?toc_id=129578&filepath=/docs/publications/frbclevreview/rev_frbclev_1995q4.pdf&start_page=22#scribd-open

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Review

Publication Date: 1995

Issue: Q IV

Pages: 21-30