Beautifully Broken Benches: A Typology of Strategic Bankruptcies and The Opportunities for Positive Shareholder Returns

@article{Sheppard1970BeautifullyBB,
  title={Beautifully Broken Benches: A Typology of Strategic Bankruptcies and The Opportunities for Positive Shareholder Returns},
  author={Jerry Paul Sheppard},
  journal={Journal of Business Strategies},
  year={1970}
}
  • J. Sheppard
  • Published 1970
  • Business, Economics
  • Journal of Business Strategies
Merchants in medieval Venice who failed to pay their debts were closed by banca rotta - the breaking of the bench from which they did their business. In some cases today, bankruptcy is seen as a beautiful strategic maneuver. While there are currently some positive aspects which can be attributed to filing for bankruptcy, there is still debate as to its merits as a strategy. To allow for a more detailed understanding of the strategic bankruptcy concept, the author defines, identifies and… 

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