Should Derivatives Be Privileged in Bankruptcy

By Patrick Bolton, Martin Oehmke. 2014

118 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/80f3d3d8933d693baaee78611819f78d8b504041

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Sarah Qian Wang
2. Patrick Augustin
3. Marti G. Subrahmanyam
4. D. Tang

In Finance

1. Sarah Qian Wang
2. Patrick Augustin
3. Marti G. Subrahmanyam
4. D. Tang

Citations in the corpus

• Credit Default Swaps: A Survey (2014, background): “1 Theoretical work on how CDS affect the debtor-creditor relationship [Bolton and Oehmke, 2011] and endusers [Bolton and Oehmke, 2014] has stimulated research that seems to suggest that the existence of CDS increases bankruptcy risk.”
• Policy uncertainty, derivatives use, and firm-level FDI (2017, unknown): “In one theoretical study, Bolton and Oehmke (2015) extend the standard incomplete contracts framework in corporate finance, by introducing derivative contracts that allow firms to arrange state-contingent transfers with separate derivative counterparties.”
• The Maturity Rat Race (2013, unknown): “…debt (see, for example, Fama and Miller (1972)), by borrowing from more lenders (White (1980), Bizer and DeMarzo (1992), Parlour and Rajan (2001)), or by preferentially pledging collateral to certain creditors (Bebchuk and Fried (1996)) or derivative counterparties (Bolton and Oehmke (2011)).”