Benefits and Costs of Corporate Debt Restructuring : An Estimation for Korea

An Estimation for Korea

Benefits and Costs of Corporate Debt Restructuring : An Estimation for Korea
The paper offers a method to quantify benefits and costs of corporate debt restructuring, with an application to Korea. We suggest a “persistent ICR<1” criterion to capture firms that had ICR<1 for multiple consecutive years and thus will likely require restructuring. We assess the benefits of debt restructuring by estimating... READ MORE...

Publication date: October 2016
ISBN 9781475545418
$18.00

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