Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "8010"
  #_source: array:26 [
    "id" => "8010"
    "slug" => "empirical-estimates-of-filtering-failure-in-court-supervised-reorganization"
    "yearMonth" => "2000-04"
    "year" => "2000"
    "title" => "Empirical Estimates of Filtering Failure in Court-supervised Reorganization"
    "description" => "MARTEL, J. et FISHER, T.C.G. (2000). <i>Empirical Estimates of Filtering Failure in Court-supervised Reorganization</i>. ESSEC Business School."
    "authors" => array:2 [
      0 => array:3 [
        "name" => "MARTEL Jocelyn"
        "bid" => "B00000350"
        "slug" => "martel-jocelyn"
      ]
      1 => array:1 [
        "name" => "FISHER T.C.G."
      ]
    ]
    "ouvrage" => ""
    "keywords" => []
    "updatedAt" => "2020-12-17 21:00:33"
    "publicationUrl" => null
    "publicationInfo" => array:3 [
      "pages" => null
      "volume" => null
      "number" => null
    ]
    "type" => array:2 [
      "fr" => "Documents de travail"
      "en" => "Working Papers"
    ]
    "support_type" => array:2 [
      "fr" => "Editeur"
      "en" => "Publisher"
    ]
    "countries" => array:2 [
      "fr" => null
      "en" => null
    ]
    "abstract" => array:2 [
      "fr" => "Cette étude présente, pour la première fois, des mesures empiriques des erreurs de sélection générées par un système de faillite. A partir d'un échantillon de 303 entreprises canadiennes en réorganisation financière au cours de la période 1977-88, nous estimons que les erreurs de Type I (acceptation d'un plan de réorganisation d'une entreprise non viable) sont quatre fois plus importantes que les erreurs de Type II (rejet d'un plan de réorganisation d'une entreprise viable). De plus, l'importance des erreurs de sélection se situe entre 22 et 53 pour cent des cas analysés. Finalement, sur la base des données de Jensen-Conklin (U.S.), nous estimons que, contrairement à l'idée généralement répandue dans le domaine, le Chapitre 11 américain est plus propice à générer des erreurs de Type II que des erreurs de Type I."
      "en" => "We present the first comprehensive empirical estimates of filtering failure in a bankruptcy system. Using a sample of 303 firms attempting reorganization in Canada during 1977-88, we find that Type I errors (accepting a plan from a non-viable firm) are 4 times more likely to occur than Type II errors (rejecting a plan from a viable firm) and that the incidence of filtering failure is between 22 and 53 percent. Preliminary estimates using the Jensen-Conklin data indicate, interestingly, that Type II errors are much more likely  than Type I errors in Chapter 11."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-11-21T08:21:48.000Z"
    "docTitle" => "Empirical Estimates of Filtering Failure in Court-supervised Reorganization"
    "docSurtitle" => "Documents de travail"
    "authorNames" => "<a href="/cv/martel-jocelyn">MARTEL Jocelyn</a>, FISHER T.C.G."
    "docDescription" => "<span class="document-property-authors">MARTEL Jocelyn, FISHER T.C.G.</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2000</span>"
    "keywordList" => ""
    "docPreview" => "<b>Empirical Estimates of Filtering Failure in Court-supervised Reorganization</b><br><span>2000-04 | Documents de travail </span>"
    "docType" => "research"
    "publicationLink" => "<a href="#" target="_blank">Empirical Estimates of Filtering Failure in Court-supervised Reorganization</a>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 9.194345
  +"parent": null
}