How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed, The Journal of Finance, vol.27, issue.5, pp.1443-1493, 1998. ,
DOI : 10.1111/0022-1082.00062
Anatomy of Financial Distress: An Examination of Junk-Bond Issuers, The Quarterly Journal of Economics, vol.109, issue.3, pp.625-658, 1994. ,
DOI : 10.2307/2118416
The Pricing of Options and Corporate Liabilities, Journal of Political Economy, vol.81, issue.3, pp.637-654 ,
DOI : 10.1086/260062
The Costs of Bankruptcy: Chapter 7 Liquidation versus Chapter 11 Reorganization, The Journal of Finance, vol.10, issue.3, pp.1253-1303, 2006. ,
DOI : 10.1111/j.1540-6261.2006.00872.x
Extend the debt as it is not deeply out-ofthe-money, Economics Bulletin, vol.7, issue.16, pp.1-6, 2008. ,
2011 Do auctioneers pick optimal reserve prices? Management Science, pp.177-192 ,
Faure-Grimaud A. 1998 Pricing the gamble for resurrection and the consequences of renegotiation and debt design ,
Faure-Grimaud A. 2000 Bankruptcy costs, ex post renegotiation and gambling for resurrection, Finance, vol.21, pp.71-84 ,
Empirical Evidence of Risk Shifting in Financially Distressed Firms, The Journal of Finance, vol.22, issue.2, pp.609-637, 2008. ,
DOI : 10.1111/j.1540-6261.2008.01326.x
Creditor control rights and managerial risk shifting, 2013. ,
An International Comparison of Capital Structure and Debt Maturity Choices, Journal of Financial and Quantitative Analysis, vol.88, issue.01, pp.23-56 ,
DOI : 10.1086/260061
Financial Distress and Bank Restructuring of Small to Medium Size UK Companies, Review of Finance, vol.9, issue.1, pp.65-96, 2005. ,
DOI : 10.1007/s10679-005-2988-8
Troubled debt restructurings, Journal of Financial Economics, vol.27, issue.2, pp.315-353, 1990. ,
DOI : 10.1016/0304-405X(90)90059-9
Renegotiation of Troubled Debt: The Choice between Discounted Payoff and Maturity Extension, Real Estate Economics, vol.30, issue.3, pp.475-503, 2002. ,
DOI : 10.1111/1540-6229.00047
Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics, vol.3, issue.4, pp.305-360, 1976. ,
DOI : 10.1016/0304-405X(76)90026-X
Extending the maturity of a defaulting debt ?The Longstaff model revisited, Review of Pacific Basin Financial Markets and Policies, pp.125-140, 2009. ,
Pricing Options with Extendible Maturities: Analysis and Applications, The Journal of Finance, vol.9, issue.3, pp.935-957, 1990. ,
DOI : 10.1111/j.1540-6261.1990.tb05113.x
Theory of Rational Option Pricing, The Bell Journal of Economics and Management Science, vol.4, issue.1, pp.141-183, 1973. ,
DOI : 10.2307/3003143
On the pricing of corporate debt: The risk structure of interest rates, Journal of Finance, vol.29, pp.449-470, 1974. ,
Debt restructuring and the role of lending technologies. Working paper, Banca d'Italia, p.45, 2010. ,
The Cost of Capital, Corporation Finance and the Theory of Investment, American Economic Review, vol.48, issue.3, pp.261-297, 1958. ,
Business risk targeting and rescheduling of distressed debt, Finance, vol.28, issue.2, pp.43-78, 2007. ,
URL : https://hal.archives-ouvertes.fr/halshs-00239188
European Restructuring Report (Default, restructuring and recoveries in, 2008. ,