When secured and unsecured creditors recover the same: The emblematic case of the Tunisian corporate bankruptcies
Download full text from publisher
Other versions of this item:
- Blazy, Régis & Letaief, Aziza, 2017. "When secured and unsecured creditors recover the same: The emblematic case of the Tunisian corporate bankruptcies," Emerging Markets Review, Elsevier, vol. 30(C), pages 19-41.
References listed on IDEAS
- Wurgler, Jeffrey, 2000. "Financial markets and the allocation of capital," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 187-214.
- Hamadi Matoussi & Rim Mouelhi & Sayah Salah, 1999. "La Prediction De Faillite Des Entreprises Tunisiennes Par La Regression Logistique," Post-Print halshs-00587769, HAL.
- Arturo Bris & Ivo Welch & Ning Zhu, 2006. "The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization," Journal of Finance, American Finance Association, vol. 61(3), pages 1253-1303, June.
- Bergstrom, Clas & Eisenberg, Theodore & Sundgren, Stefan, 2002. "Secured debt and the likelihood of reorganization," International Review of Law and Economics, Elsevier, vol. 21(4), pages 359-372, May.
- Couwenberg, Oscar, 2001. "Survival rates in bankruptcy systems : overlooking the evidence," Research Report 01E15, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Julian Franks & Oren Sussman, 2005. "Financial Distress and Bank Restructuring of Small to Medium Size UK Companies," Review of Finance, European Finance Association, vol. 9(1), pages 65-96.
- John Armour & Douglas Cumming, 2008. "Bankruptcy Law and Entrepreneurship," American Law and Economics Review, Oxford University Press, vol. 10(2), pages 303-350.
- Legros Patrick & Mitchell Janet, 1995.
"Bankruptcy as a Control Device in Economies in Transition,"
Journal of Comparative Economics,
Elsevier, vol. 20(3), pages 265-301, June.
- Patrick Legros & Janet Mitchell, 1995. "Bankruptcy as control device in economies in transition," ULB Institutional Repository 2013/7042, ULB -- Universite Libre de Bruxelles.
- Edward R. Morrison, 2007. "Bankruptcy Decision Making: An Empirical Study of Continuation Bias in Small-Business Bankruptcies," Journal of Law and Economics, University of Chicago Press, vol. 50, pages 381-419.
- Régis Blazy & Laurent Weill, 2013. "Why do banks ask for collateral in SME lending?," Applied Financial Economics, Taylor & Francis Journals, vol. 23(13), pages 1109-1122, July.
- Dietsch, Michel, 2003. "Financing small businesses in France," EIB Papers 9/2003, European Investment Bank, Economics Department.
- repec:dgr:rugsom:01e15 is not listed on IDEAS
- Stiglitz, Joseph E, 1974. "On the Irrelevance of Corporate Financial Policy," American Economic Review, American Economic Association, vol. 64(6), pages 851-866, December.
- Haugen, Robert A. & Senbet, Lemma W., 1988. "Bankruptcy and Agency Costs: Their Significance to the Theory of Optimal Capital Structure," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 23(01), pages 27-38, March.
- Oscar Couwenberg, 2001. "Survival Rates in Bankruptcy Systems: Overlooking the Evidence," European Journal of Law and Economics, Springer, vol. 12(3), pages 253-273, November.
- Heckman, James, 2013. "Sample selection bias as a specification error," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 31(3), pages 129-137.
- Xavier Freixas & Jean-Charles Rochet, 2008. "Microeconomics of Banking, 2nd Edition," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262062704, January.
- Régis Blazy & Joël Petey & Laurent Weill, 2010. "Can Bankruptcy Codes Create Value? Evidence from Creditors’ Recoveries in France, Germany, and the UK," Working Papers of LaRGE Research Center 2010-11, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
- Webb, David C, 1987. "The Importance of Incomplete Information in Explaining the Existence of Costly Bankruptcy," Economica, London School of Economics and Political Science, vol. 54(215), pages 279-288, August.
- White, Michelle J, 1989. "The Corporate Bankruptcy Decision," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 129-151, Spring.
- Bester, Helmut, 1985. "Screening vs. Rationing in Credit Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 75(4), pages 850-855, September.
- Julian Franks & Oren Sussman, 2005. "Financial Distress and Bank Restructuring of Small to Medium Size UK Companies," Review of Finance, Springer, vol. 9(1), pages 65-96, March.
- Blazy, Régis & Martel, Jocelyn & Nigam, Nirjhar, 2014.
"The choice between informal and formal restructuring: The case of French banks facing distressed SMEs,"
Journal of Banking & Finance,
Elsevier, vol. 44(C), pages 248-263.
- Regis Blazy & Jocelyn Martel & Nirjhar Nigam, 2014. "The choice between informal and formal restructuring: The case of French banks facing distressed SMEs," Post-Print hal-01369866, HAL.
- Daigle, Katherine H & Maloney, Michael T, 1994. "Residual Claims in Bankruptcy: An Agency Theory Explanation," Journal of Law and Economics, University of Chicago Press, vol. 37(1), pages 157-192, April.
- Derek C. Briggs, 2004. "Causal Inference and the Heckman Model," Journal of Educational and Behavioral Statistics, , vol. 29(4), pages 397-420, December.
- Sergei A. Davydenko & Julian R. Franks, 2008. "Do Bankruptcy Codes Matter? A Study of Defaults in France, Germany, and the U.K," Journal of Finance, American Finance Association, vol. 63(2), pages 565-608, April.
- Oliver Hart, 2006.
"Different approaches to bankruptcy,"
ifo DICE Report,
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 4(1), pages 3-8, 04.
- Oliver Hart, 2000. "Different Approaches to Bankruptcy," NBER Working Papers 7921, National Bureau of Economic Research, Inc.
- Oliver Hart, 2000. "Different Approaches to Bankruptcy," Harvard Institute of Economic Research Working Papers 1903, Harvard - Institute of Economic Research.
More about this item
KeywordsBankruptcy; Development; Secured creditors; Heckman selection model; Tunisia.;
- G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
- K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2015-10-10 (All new papers)
- NEP-ARA-2015-10-10 (MENA - Middle East & North Africa)
- NEP-CFN-2015-10-10 (Corporate Finance)
- NEP-LAW-2015-10-10 (Law & Economics)
StatisticsAccess and download statistics
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lar:wpaper:2015-08. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christophe J. Godlewski). General contact details of provider: http://edirc.repec.org/data/lastrfr.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.