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SSRN | Looting

SSRN-Looting Topic in The Credit Debacle Catalog

Thu 2009-01-15 00:00 EST

SSRN-Looting: The Economic Underworld of Bankruptcy for Profit by George Akerlof, Paul Romer

Looting: The Economic Underworld of Bankruptcy for Profit, by George A. Akerlog and Paul M. Rojer (1994)

bankruptcy; Economic Underworld; George Akerlof; Paul Romer; profits; SSRN-Looting.

Fri 2008-11-07 00:00 EST

SSRN-Looting: The Economic Underworld of Bankruptcy for Profit by George Akerlof, Paul Romer

(1994); ``Bankruptcy for profit will occur if poor accounting, lax regulation, or low penalties for abuse give owners an incentive to pay themselves more than their firms are worth and then default on their debt obligations.''

bankruptcy; Economic Underworld; George Akerlof; Paul Romer; profits; SSRN-Looting.

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