Leverage And Bankruptcy
David Goalstone
Chapter 27 in Macrofoundations of Political Economy and Development, 2007, pp 249-256 from Palgrave Macmillan
Abstract:
Abstract In order to gain some understanding of our topic it is useful to begin with a bit of accounting history. Lenders have always faced risks and with the rise of capitalism they had to develop systematic methods for dealing with them. This lead to the development of accounting and ratio analysis.
Keywords: Real Estate Market; Current Asset; Insolvent Firm; Bankruptcy Process; Credit Allocation (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60431-5_27
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DOI: 10.1057/9780230604315_27
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