Judicial Discretion in Corporate Bankruptcy

Sentencing guidelines, judicial discretion and plea bargaining

The United States Sentencing Commission was created to develop federal sentencing guidelines, which restrict judicial discretion and were found to increase the average sentence length while leaving unchanged the likelihood of resolution through plea bargaining. A game theoretic model is developed in which a sentencing commission may impose guidelines or defer to judicial discretion; then a defe...

Comments on [Israeli] Proposal for Structuring Judicial Discretion in Sentencing

Accounting Discretion, Corporate Governance and Firm Performance

We investigate whether accounting discretion is (i) abused by opportunistic managers who exploit lax governance structures, or (ii) used by managers in a manner consistent with efficient contracting and shareholder value-maximization. Prior research documents an association between accounting discretion and poor governance quality and concludes that such evidence is consistent with abuse of the...

An Evolutionary Theory of Corporate Law and Corporate Bankruptcy

Follow this and additional works at: http://scholarship.law.upenn.edu/faculty_scholarship Part of the Banking and Finance Commons, Bankruptcy Law Commons, Business Administration, Management, and Operations Commons, Comparative and Foreign Law Commons, Corporate Finance Commons, Corporation and Enterprise Law Commons, Finance Commons, Industrial Organization Commons, Law and Economics Commons, ...

Machine Learning for Corporate Bankruptcy Prediction

Aalto University, P.O. Box 11000, FI-00076 Aalto www.aalto.fi Author Qi Yu Name of the doctoral dissertation Machine Learning for Corporate Bankruptcy Prediction Publisher School of Science Unit Information and Computer Science Department Series Aalto University publication series DOCTORAL DISSERTATIONS 90/2013 Field of research Information and Computer Science Manuscript submitted 10 March 201...