... value through a modification of the Black and Scholes formula: Bankruptcy Banks Financial risk and risk management G21 G32 G33 To apply the above framework to a data set that mostly comprises non-listed banks, our methodology follows Guerra et al. (2016) , Blavy...

... result from the bankruptcies and liquidations that Dodd–Frank requires for distressed and failing banks. Originality/value Title II of the Dodd–Frank Act would require liquidation of any banks that enter into its resolution process. The case of Lehman Brothers indicates the severity of losses...

...Amanda E. Dawsey Purpose – The purpose of this paper is to explore the impact of creditors' undervaluing the total expected cost of a borrower's bankruptcy filing because a portion of the cost will be borne by other lenders. Creditors who bear a smaller portion of the total cost of a personal...

...Carolyn Sissoko Purpose The purpose of this paper is to analyze the consequences of the “safe harbor” provisions of the US Bankruptcy Code that were enacted from 1984 through 2005 and that protect certain financial contracts from standard bankruptcy procedures. Design/methodology/approach...

...Bruno Funchal; Mateus Clovis Purpose The purpose of this paper is to study the effect of changes in creditors' priority defined by the bankruptcy law on firms' capital structure. Design/methodology/approach Taking advantage of the Brazilian bankruptcy law reform as an experiment and using...