Asset Allocation in Bankruptcy

Internet Appendix for Asset Allocation in Bankruptcy

This appendix contains additional descriptions, results, and robustness tests to supplement the analyses in the paper. Section A below provides a full description of the analysis in each table. Section B derives a theoretical search model that formally captures key hypotheses in the paper. Section C describes the matching process of the bankruptcy filings to the census data, and sample selectio...

Asset Reallocation in Bankruptcy

This paper investigates the consequences of Chapter 7 liquidation and Chapter 11 reorganization on the reallocation and subsequent utilization of assets in bankruptcy. We identify 129,000 bankrupt establishments and construct a novel dataset that tracks the occupancy and utilization of real estate assets over time. Asset reallocation is widespread, as nearly 80% of real estate is not occupied b...

Bankruptcy and risk allocation.

Asset Allocation

This review article describes recent literature on asset allocation, covering both static and dynamic models. The article focuses on the bond–stock decision and on the implications of return predictability. In the static setting, investors are assumed to be Bayesian, and the role of various prior beliefs and specifications of the likelihood are explored. In the dynamic setting, recursive utilit...

asset allocation strategies

a number of theories about the hest method of allocating assets have been developed over the years, managers are concernd about allocating scarce resources, mainly capital, in most productive way. managers want to ensure that the return from the invested resources exceeds the cost of resources finanical theories and finanicial strategies try to facilitate creating optimum value for investors in...