Search: bankruptcy
RBA Glossary definition for bankruptcy
bankruptcy – A legal status, which can be initiated by a creditor or person concerned, whereby the bankrupt's property is vested in a trustee and, with the exception of certain personal and professional property, is available for distribution to creditors.
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Capital Structure: Theory and Evidence
1 Dec 1993
RDP
9313
These bankruptcy/financial distress costs carry a number of implications for capital structure choices. ... capacity. Also, a heavy reliance upon debt results in high risks of bankruptcy.
https://www.rba.gov.au/publications/rdp/1993/9313/capital-structure-theory-evidence.html
References
1 Dec 1993
RDP
9313
Altman, E.I. (1984), ‘A Further Empirical Investigation of the Bankruptcy Cost Question’,. ... McConnell (1982), ‘The Administrative Costs of Corporate Bankruptcy: A Note’,. Journal of Finance. ,
https://www.rba.gov.au/publications/rdp/1993/9313/references.html
Results
1 Dec 1993
RDP
9313
This is consistent with the view that there are various costs (agency costs and expected bankruptcy/financial distress costs) associated with the use of external funds and that these costs may
https://www.rba.gov.au/publications/rdp/1993/9313/results.html