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The Impact of Pro-Reorganization Bankruptcy Reforms on Corporate Debt Structure

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Bankruptcy’s Uneasy Shift to a Contract Paradigm

The most dramatic development in twenty-first century bankruptcy practice has been the increasing use of contracts to shape the bankruptcy process. In our article, we assess—and try to...

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George Triantis

Debt Structure as a Strategic Bargaining Tool

The bargaining theory of corporate debt suggests that a firm's management could use debt policies to influence its bargaining position relative to non-financial stakeholders such as employees. However, empirical evidence...

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