Essays in financial economics

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Abstract/Contents

Abstract
This thesis consists of three essays. The first essay, which is joint work with Steve Grenadier, develops a theoretical model of a firm's optimal capital structure decision in a framework in which it may later choose to enter either Chapter 11 reorganization or Chapter 7 liquidation. In the second essay, which is joint work with Darrell Duffie, we show in the context of a theoretical model that the now-common practice of size discovery detracts from overall financial market efficiency. In the third essay, I show that creditors lose billions of dollars every year because firms that should emerge from Chapter 11 bankruptcy are frequently liquidated instead

Description

Type of resource text
Form electronic resource; remote; computer; online resource
Extent 1 online resource
Place California
Place [Stanford, California]
Publisher [Stanford University]
Copyright date 2020; ©2020
Publication date 2020; 2020
Issuance monographic
Language English

Creators/Contributors

Author Antill, Samuel Byron
Degree supervisor Duffie, Darrell
Degree supervisor Grenadier, Steven R
Thesis advisor Duffie, Darrell
Thesis advisor Grenadier, Steven R
Thesis advisor Bernstein, Shai
Thesis advisor Seru, Amit
Degree committee member Bernstein, Shai
Degree committee member Seru, Amit
Associated with Stanford University, Graduate School of Business.

Subjects

Genre Theses
Genre Text

Bibliographic information

Statement of responsibility Samuel Antill
Note Submitted to the Graduate School of Business
Thesis Thesis Ph.D. Stanford University 2020
Location electronic resource

Access conditions

Copyright
© 2020 by Samuel Byron Antill
License
This work is licensed under a Creative Commons Attribution Non Commercial 3.0 Unported license (CC BY-NC).

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