Show simple item record

dc.contributor.authorGan, Li
dc.contributor.authorSabarwal, Tarun
dc.date.accessioned2012-04-18T15:30:52Z
dc.date.available2012-04-18T15:30:52Z
dc.date.issued2012-04-18
dc.identifier.citationGan, Li and Sabarwal, Tarun, (2005), A Simple Test of Adverse Events and Strategic Timing Theories of Consumer Bankruptcy, No 11763, NBER Working Papers, National Bureau of Economic Research, Inc.
dc.identifier.urihttp://hdl.handle.net/1808/9073
dc.descriptionGan, Li and Sabarwal, Tarun, (2005), A Simple Test of Adverse Events and Strategic Timing Theories of Consumer Bankruptcy, No 11763, NBER Working Papers, National Bureau of Economic Research, Inc. This working paper is ©2005 by Li Gan and Tarun Sabarwal. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source.
dc.description.abstractA test of adverse events and strategic timing theories can be conducted by determining whether some relevant financial decision variables, such as financial benefit from filing for bankruptcy, or debt discharged in bankruptcy are endogenous with the bankruptcy decision or not. For the strategic timing theory such decisions are endogenous, while for the adverse events theory they are not. Hausman tests for endogeneity show that financial benefit, unsecured debt, and non-exempt assets are exogenous with the bankruptcy decision, consistent with the adverse events theory.
dc.language.isoen
dc.relation.isversionofhttp://www.nber.org/papers/w11763
dc.titleA Simple Test of Adverse Events and Strategic Timing Theories of Consumer Bankruptcy
dc.typeWorking Paper
kusw.oastatusna
dc.identifier.doi10.3386/w11763
kusw.oapolicyThis item does not meet KU Open Access policy criteria.
dc.rights.accessrightsopenAccess


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record