Two (Further) Possible Explanations of the Secured Debt Puzzle: A Note
| Author(s): | doc. JUDr. Tomáš Richter LL.M., Ph.D., |
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| Type: | Articles in refereed journals |
| Year: | 2006 |
| Number: | |
| ISSN / ISBN: | 0572-3043 |
| Published in: | Acta Oeconomica Pragensia 2/2006 |
| Publishing place: | Praha, 2006 |
| Keywords: | |
| JEL codes: | |
| Suggested Citation: | |
| Grants: | IES Research Framework Institutional task (2005-2011) Integration of the Czech economy into European union and its development |
| Abstract: | The article offers one possible explanation of why secured debt (and its priority in bankruptcy) is efficient and one possible explanation supporting the contrary claim - that priority of secured debt is inefficient. |
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