A COMPARISON OF THE U.K. AND U.S. BANKRUPTCY CODES

Authors

  • Julian R. Franks,

    1. JULIAN FRANKS is Professor of Finance at the London Business School.
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  • Walter N. Torous

    1. WALTER TOROUS is Associate Professor of Finance at UCLA's Anderson School of Management
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      This paper is a revised version of a paper published by the Oxford Review of Economic Policy, Vol 8, No.3. The authors have greatly benefited from discussions with Martin Aaron, Christopher Duffett, Anthony Holmes, Mark Homan, Evi Kaplanis, Colin Mayer, Kjell Nyborg, Harold Rose, Leslie Warman, Michelle White and Peter Zinkin. This paper is part of an ESRC funded project, number W102251003 on Capital Markets, Corporate Governance and the Market for Corporate Control. The authors also wish to acknowledge the financial support of the Center for International Business Education and Research at UCLA.


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