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Waseda Organizational and Financial Economics Seminar: “Recent Advances in Corporate Debt Restructuring” (October 21)

Waseda Organizational and Financial Economics Seminar:
“Recent Advances in Corporate Debt Restructuring” (October 21)

講演者 / Speaker

MORAUX, Franck (Professor, Université de Rennes 1)

  • Field of Research Interests
    Finance
日 時 / Date & Time

Monday, 21 October 2019, 13:00 – 14:30

会 場 / Venue

Room 1111, 11F, Building 11, Waseda University

主 旨 / Outline

“Recent Advances in Corporate Debt Restructuring”

The distress of companies is a serious concern in many countries around the world. Fortunately, in many occasions, Finance can seriously help by structuring corporate debt. Strangely enough, this option to restructure the capital structure is largely neglected in the literature. Very few models devoted to the pricing of corporate securities consider this issue, despite clear evidences that potential debt restructuring may have a huge impact i) on the prices of corporate debt (and equity) and ii) on the way the optimal capital structure is achieved. And, for many, it is even not really clear how one may design a solution in the best interest of stakeholders (i.e. both creditors and debtors). In this seminar, I will give an overview of this issue and review some recent advances in this very dynamic research field. I will focus in particular on the modelling of corporate debt restructuring and the pricing of corporate liabilities under a specific bankruptcy regime (public court-supervised bankruptcy procedure and/or private workout). Numerical illustrations will follow.

プログラム / Schedule

13:00~13:05 Opening Remarks (MIYAJIMA, Hideaki (Advisor, WIAS / Professor, Waseda University))
13:05~14:05 Presentation
14:05~14:25 Question-and-answer session
14:25~14:30 Concluding Remarks(MIYAJIMA, Hideaki )

対 象 / Prospected Audience

Faculty and staff members of a university, grad students, undergraduates, the general public

主 催 / Organizer

Research Institute of Business Administration, Waseda University
Waseda Institute for Advanced Study, Waseda University

申込み / Registration

Free of charge. Please come to the event venue directly.

Dates
  • 1021

    MON
    2019

Place

Room 1111, 11F, Building 11, Waseda University

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