• DOI:10.2139/ssrn.1738539
Corpus ID: 153617560

Powerpoint: Bankruptcy Immunities, Transparency, and Capital Structure

@article{Simkovic2011PowerpointBI,
  title={Powerpoint: Bankruptcy Immunities, Transparency, and Capital Structure},
  author={M. Simkovic},
  journal={ERN: Intertemporal Firm Choice \& Growth},
  year={2011}
}

• M. Simkovic
• Published 2011
• Economics
• ERN: Intertemporal Firm Choice & Growth

Summarizes and further develops themes from "Secret Liens and the Financial Crisis of 2008".Secret Liens:This article explains the roots of financial crises in one of the oldest and most fundamental problems of commercial law: hidden leverage. Common law courts wrestled with this problem for centuries and developed a time - tested solution: the doctrine of secret liens. If the debtor becomes insolvent, the doctrine of secret liens punishes secret lien holders by subordinating their claims to… Expand