Fisher, Timothy C. G.; Martel, Jocelyn - Centre Interuniversitaire de Recherche en Analyse des … - 1994
The paper examines a data set of 338 randomly selected financial reorganization plans filed in Canada during the period 1978-87. Creditors reject roughly 25% of reorganization plans, while about 20% of the plans creditors accept fail before completion, providing evidence of filtering failure in...