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An Empirical Investigation Of Liquidation Choices Of Failed High-Tech Firms, Ronald Mann
An Empirical Investigation Of Liquidation Choices Of Failed High-Tech Firms, Ronald Mann
Ronald Mann
Examines a dataset of failed high-tech firms (software, telecom, and biotech) to investigate what determines which ones file for bankruptcy. The primary finding is that the easy procedures and wide acceptance of ABCs in California makes bankruptcy a less attractive alternative in California than it is elsewhere.
The Rise Of State Bankruptcy-Directed Legislation, Ronald Mann
The Rise Of State Bankruptcy-Directed Legislation, Ronald Mann
Ronald Mann
This is the first in a series of pieces on bankruptcy interpretation, this one arguing that the preemptive effect of bankruptcy law on state commercial law should focus on state legislation that is "directed" at bankruptcy proceedings.
Self-Organizing Legal Systems: Precedent And Variation In Bankruptcy, Bernard Trujillo
Self-Organizing Legal Systems: Precedent And Variation In Bankruptcy, Bernard Trujillo
Bernard Trujillo
Models of legal ordering are frequently hierarchical. These models do not explain two prominent realities: (1) variation in the content of a legal system, and (2) patterns of non-hierarchical ordering that we observe. As a supplement to hierarchical explanations of legal order, this Article, drawing from physical and social science research on complex systems, offers a self-organizing model. The self-organizing model focuses on variation in the content of legal systems and attempts to explain the relationship between that variation and patterns of ordering. The self-organizing model demonstrates that variation and ordering are not opposite categories, but rather constitute one continuous …