Zobrazeno 1 - 10
of 12
pro vyhledávání: '"Samuel Antill"'
Autor:
Samuel Antill, Steven R. Grenadier
Publikováno v:
Journal of Financial Economics. 149:218-234
Using a continuous-time model of litigation, we show that the increasingly popular practice of third-party litigation financing has ambiguous welfare implications. A defendant and a plaintiff bargain over a settlement payment. The defendant takes cos
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::10546cfded5194f914560e519f698747
https://doi.org/10.1016/j.jfineco.2023.05.004
https://doi.org/10.1016/j.jfineco.2023.05.004
Autor:
Samuel Antill
Publikováno v:
Journal of Financial Economics. 144:523-546
In Chapter 11 bankruptcy cases in the United States, firms are either reorganized, acquired, or liquidated. I show that decisions to liquidate often reduce creditor recovery, costing creditors billions of dollars every year. I exploit the within-dist
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::42c9257e8c9c3b003244cb5957489b2e
https://doi.org/10.1016/j.jfineco.2021.07.006
https://doi.org/10.1016/j.jfineco.2021.07.006
Autor:
Samuel Antill, Darrell Duffie
Publikováno v:
The Review of Economic Studies. 88:1665-1719
We explain how the common practice of size-discovery trade detracts from overall financial market efficiency. At each of a series of size-discovery sessions, traders report their desired trades, generating allocations of the asset and cash that rely
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::35268ec9a7214fee027d4f8faa9568dc
https://doi.org/10.1093/restud/rdaa064
https://doi.org/10.1093/restud/rdaa064
Autor:
Steven R. Grenadier, Samuel Antill
Publikováno v:
Journal of Financial Economics. 133:198-224
We model 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. Creditors anticipate equityholders’ ex-post reorganization incentives and price t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::57ad2ffb405cafd934789a85d248bcc7
https://doi.org/10.1016/j.jfineco.2018.05.012
https://doi.org/10.1016/j.jfineco.2018.05.012
Autor:
Samuel Antill, Megan Hunter
Publikováno v:
SSRN Electronic Journal.
Using an incentivized randomized experiment, we estimate the causal effect of a Chapter 11 bankruptcy filing on consumer demand for the bankrupt firm's products. Knowledge of Hertz's Chapter 11 bankruptcy reduces consumers' willingness-to-pay for Her
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5e34943789236c4ea2e8799bfab50e3b
https://doi.org/10.2139/ssrn.3879775
https://doi.org/10.2139/ssrn.3879775
Autor:
Christopher Clayton, Samuel Antill
Publikováno v:
SSRN Electronic Journal.
We model the optimal resolution of insolvent firms in general equilibrium. Absent externalities, the optimal corporate-insolvency system encourages lending by letting banks assign liquidations ex-post. We show that a social planner optimally interven
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::be8861be01ccdd02fa0de6ce4c7a7c45
https://doi.org/10.2139/ssrn.3779631
https://doi.org/10.2139/ssrn.3779631
Autor:
Samuel Antill
Publikováno v:
SSRN Electronic Journal.
The U.S. Chapter 7 bankruptcy system relies on private trustees to administer liquidations. By law, creditors pay trustees a substantial commission on asset sales. I exploit kinks in the commission function to estimate a structural model of moral haz
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3079ab165d0b12900c23fa86c065efdc
https://doi.org/10.2139/ssrn.3554835
https://doi.org/10.2139/ssrn.3554835
Autor:
Darrell Duffie, Samuel Antill
Publikováno v:
SSRN Electronic Journal.
We explain how the common practice of size-discovery trade detracts from overall financial market efficiency. At each of a series of size-discovery sessions, traders report their desired trades, generating allocations of the asset and cash that rely
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::ac652495346cccff109d5521c176f631
https://doi.org/10.2139/ssrn.3447608
https://doi.org/10.2139/ssrn.3447608
Autor:
Asani Sarkar, Samuel Antill
Publikováno v:
SSRN Electronic Journal.
We examine sources of systemic risk (threshold size, complexity, and interconnectedness) with factors constructed from equity returns of large financial firms, after accounting for standard risk factors. From the factor loadings and factor returns, w
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a3b701bd12d06979c6504d9e784c6e51
https://doi.org/10.2139/ssrn.3232482
https://doi.org/10.2139/ssrn.3232482
Autor:
Darrell Duffie, Samuel Antill
We explain how the common practice of size-discovery trade detracts from overall financial market efficiency. At each of a series of size-discovery sessions, traders report their desired trades, generating allocations of the asset and cash that rely
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4a9e0c940c602860105e571f7b09b1f3
https://doi.org/10.3386/w24146
https://doi.org/10.3386/w24146
