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The Insignificance of Bankruptcy Costs to the Theory of Optimal Capital Structure

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Author Info
Haugen, Robert A
Senbet, Lemma W
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Article provided by American Finance Association in its journal Journal of Finance.

Volume (Year): 33 (1978)
Issue (Month): 2 (May)
Pages: 383-93
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Handle: RePEc:bla:jfinan:v:33:y:1978:i:2:p:383-93

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  1. Régis Blazy & Laurent Weill, 2007. "The Impact of Legal Sanctions on Moral Hazard when Debt Contracts are Renegotiable," Working Papers DULBEA 07-06.RS, Université libre de Bruxelles, Department of Applied Economics (DULBEA). [Downloadable!]
    Other versions:
  2. Oscar Couwenberg & Abe Jong, 2008. "Costs and recovery rates in the Dutch liquidation-based bankruptcy system," European Journal of Law and Economics, Springer, vol. 26(2), pages 105-127, October. [Downloadable!] (restricted)
  3. Jones, C., 1999. "Miller's Equilibrium and Uncertainty," ANUCBE School of Economics Working Papers 1999-373, Australian National University, College of Business and Economics, School of Economics. [Downloadable!]
  4. Hossein Asgharian, 2003. "Are highly leveraged firms more sensitive to an economic downturn?," European Journal of Finance, Taylor and Francis Journals, vol. 9(3), pages 219-241, June. [Downloadable!] (restricted)
  5. Paul Asquith & Robert Gertner & David Scharfstein, 1991. "Anatomy of Financial Distress: An Examination of Junk-Bond Issuers," NBER Working Papers 3942, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Robert Gertner & David Scharfstein, 1991. "A Theory of Workouts and the Effects of Reorganization Law," NBER Technical Working Papers 0103, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  7. Jonathan B. Berk & Richard Stanton & Josef Zechner, 2007. "Human Capital, Bankruptcy and Capital Structure," NBER Working Papers 13014, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  8. David Kelly & Stephen LeRoy, 2007. "Liquidity and Liquidation," Economic Theory, Springer, vol. 31(3), pages 553-572, June. [Downloadable!] (restricted)
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  9. Uzi Segal & Avia Spivak, 1986. "Firm Size and Optimal Growth Rates," UCLA Economics Working Papers 380, UCLA Department of Economics. [Downloadable!]
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  10. Robert A. Taggart, Jr., 1980. "Taxes and Corporate Capital Structure in an Incomplete Market," NBER Working Papers 0594, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  11. Gordon M Phillips & Vojislav Maksimovic, 1996. "Efficiency of Bankrupt Firms and Industry Conditions: Theory and Evidence," Working Papers 96-12, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
  12. Daniel M. Covitz & Song Han & Beth Anne Wilson, 2006. "Are longer bankruptcies really more costly?," Finance and Economics Discussion Series 2006-27, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
  13. Jocelyn Martel, 1996. "Solutions au stress financier : Un survol de la littérature," CIRANO Working Papers 96s-03, CIRANO. [Downloadable!]
  14. Takeo Hoshi & Anil Kashyap & David Scharfstein, 1990. "The Role of Banks in Reducing the Costs of Financial Distress in Japan," NBER Working Papers 3435, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  15. Yair E. Orgler & Robert A. Taggart, Jr., 1983. "Implications of Corporate Capital Structure Theory for Banking Institutions," NBER Working Papers 0737, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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