Empirical Estimates of Filtering Failure in Court‐Supervised Reorganization

Timothy Fisher and Jocelyn Martel

Journal of Empirical Legal Studies, 2004, vol. 1, issue 1, 143-164

Abstract: We present the first comprehensive empirical estimates of filtering failure in court‐supervised reorganization. Using a sample of 303 firms attempting reorganization in Canada during 1977–1988, we find that Type I errors (accepting a plan from a nonviable firm) are four times more likely to occur than Type II errors (rejecting a plan from a viable firm) and that the incidence of filtering failure is between 22 and 53 percent or 18 and 44 percent, depending on the definition of a firm's viability.

Date: 2004
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https://doi.org/10.1111/j.1740-1461.2004.00005.x

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Working Paper: Empirical Estimates of Filtering Failure in Court-Supervised reorganization (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:empleg:v:1:y:2004:i:1:p:143-164

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