Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance

Detalhes bibliográficos
Autor(a) principal: Ferreira, Pedro Miguel Oliveira Teixeira Santos
Data de Publicação: 2013
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/17471
Resumo: This dissertation investigates the impact of debtor-in-possession (DIP) financing and exit financing on the resolution of corporate bankruptcy. In order to accomplish the objective this study uses a large sample of bankrupt firms that filed for chapter 11 in the United States over the period 1998-2009. The analysis shows that the presence of post-petition financing is associated with an improvement of the odds of reorganization, with successful emergence from bankruptcy and an increase of the time spent in bankruptcy, effectively buying time to negotiate a successful restructuring. It also studies the effect on corporate governance by investigating top management turnover.
id RCAP_9eb895cc1210de2972d333e2bc205235
oai_identifier_str oai:repositorio.ucp.pt:10400.14/17471
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governanceDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis dissertation investigates the impact of debtor-in-possession (DIP) financing and exit financing on the resolution of corporate bankruptcy. In order to accomplish the objective this study uses a large sample of bankrupt firms that filed for chapter 11 in the United States over the period 1998-2009. The analysis shows that the presence of post-petition financing is associated with an improvement of the odds of reorganization, with successful emergence from bankruptcy and an increase of the time spent in bankruptcy, effectively buying time to negotiate a successful restructuring. It also studies the effect on corporate governance by investigating top management turnover.Bonfim, DianaVeritati - Repositório Institucional da Universidade Católica PortuguesaFerreira, Pedro Miguel Oliveira Teixeira Santos2015-05-06T12:53:30Z2013-06-1720132013-06-17T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/17471enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-10-03T01:40:14Zoai:repositorio.ucp.pt:10400.14/17471Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:14:39.546038Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
title Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
spellingShingle Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
Ferreira, Pedro Miguel Oliveira Teixeira Santos
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
title_full Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
title_fullStr Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
title_full_unstemmed Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
title_sort Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
author Ferreira, Pedro Miguel Oliveira Teixeira Santos
author_facet Ferreira, Pedro Miguel Oliveira Teixeira Santos
author_role author
dc.contributor.none.fl_str_mv Bonfim, Diana
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Ferreira, Pedro Miguel Oliveira Teixeira Santos
dc.subject.por.fl_str_mv Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This dissertation investigates the impact of debtor-in-possession (DIP) financing and exit financing on the resolution of corporate bankruptcy. In order to accomplish the objective this study uses a large sample of bankrupt firms that filed for chapter 11 in the United States over the period 1998-2009. The analysis shows that the presence of post-petition financing is associated with an improvement of the odds of reorganization, with successful emergence from bankruptcy and an increase of the time spent in bankruptcy, effectively buying time to negotiate a successful restructuring. It also studies the effect on corporate governance by investigating top management turnover.
publishDate 2013
dc.date.none.fl_str_mv 2013-06-17
2013
2013-06-17T00:00:00Z
2015-05-06T12:53:30Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/17471
url http://hdl.handle.net/10400.14/17471
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
_version_ 1799131824946937856

Registros relacionados