Does pre‐packed bankruptcy create value? An empirical study of postbankruptcy employment retention in The Netherlands
Abstract In recent years, there has been growing interest in whether pre‐packed bankruptcy can be a mechanism through which firms facing imminent insolvency can preserve value. Although an extensive body of literature exists on “pre‐packs,” whether such techniques really preserve value remains ambiguous. By analysing bankruptcy proceedings filed with Dutch courts in the period 2012–2018 through the lenses of real options and debt overhang theory, we examined employment retention postbankruptcy as a consequence of the type of bankruptcy proceeding (pre‐packed bankruptcy and conventional bankrup... Mehr ...
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Dokumenttyp: | Artikel |
Erscheinungsdatum: | 2019 |
Reihe/Periodikum: | International Insolvency Review ; volume 28, issue 3, page 320-339 ; ISSN 1180-0518 1099-1107 |
Verlag/Hrsg.: |
Wiley
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Schlagwörter: | Law / Finance |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26850954 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://dx.doi.org/10.1002/iir.1353 |