In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest

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In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder. (There is no reorganization through Chapter 11 bankruptcy.) The current managers are often the high bidders for the company. Why?

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Managerial Economics A Problem-Solving Approach

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Authors: Luke M. Froeb, Brain T. Mccann

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Question Posted: Jan 21, 2012 07:04 AM

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In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest

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Managerial Economics A Problem-Solving Approach

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