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  • 标题:A World Without Debt
  • 本地全文:下载
  • 作者:Adler, Barry E.
  • 期刊名称:Washington University Law Review
  • 印刷版ISSN:2166-7993
  • 电子版ISSN:2166-8000
  • 出版年度:1994
  • 卷号:72
  • 期号:3
  • 页码:811-827
  • 出版社:Washington University School of Law
  • 摘要:In Part I of this essay, I give a brief description of the collective action problem that Baird identifies as the bankruptcy issue for corporate debtors. In Part II, I explain why I believe there is no collective action problem and give what I believe is an essentially simple explanation of a world without debt. In Part III, I respond directly to the criticisms of a world without debt. Finally, in Part IV, I admit the limits inherent in my view of appropriate bankruptcy policy.
  • 关键词:Bankruptcy reorganization; Bankruptcy law; Corporate finance; United States
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