OPTIMAL INITIATION OF BANKRUPTCY PROCEEDINGS BY DEBT HOLDERS

Authors

  • James C. Van Horne

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    • James Irvin Miller Professor of Finance, Stanford University. I am grateful to Professor Robert H. Litzenberger and Nancy L. Jacob, the referee, for a number of helpful comments. The study was supported by a grant from the General Electric Foundation. The conclusions, opinions, and other statements, however, are the sole responsibility of the author.


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