Financial Distress, Bank Debt Restructurings, and Layoffs: Theory and Evidence

A.J. Padilla and A. Requejo

Working Papers from Boston University - Industry Studies Programme

Abstract: We develop a model of financially distressed firm to analyze the implications of a bank debt restructuring when the operational characteristics of the firm's project for the post-distress period are endogenously determined as part of the workout.

Keywords: FINANCIAL MARKET; BANKS (search for similar items in EconPapers)
JEL-codes: G30 G32 G33 J20 J21 (search for similar items in EconPapers)
Pages: 37 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:fth:bostin:74

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