Bankruptcy resolution : an empirical investigation of debtor-in-possession financing, exit financing and corporate governance
Autor(a) principal: | |
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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. |
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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 |
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1799131824946937856 |