TY - THES AU - Mersmann, Katharina TI - Predicting post-bankruptcy success: determinants of short- and long-term outcomes in chapter 11 filings PB - Rheinisch-Westfälische Technische Hochschule Aachen VL - Dissertation CY - Aachen M1 - RWTH-2025-06561 SP - 1 Online-Ressource PY - 2025 N1 - Veröffentlicht auf dem Publikationsserver der RWTH Aachen University N1 - Dissertation, Rheinisch-Westfälische Technische Hochschule Aachen, 2025 AB - Corporate bankruptcies are an inevitable aspect of economies worldwide, influenced by internal mismanagement and external shocks. While often perceived as a sign of business failure, bankruptcies can also provide opportunities for strategic restructuring. Legal frameworks such as Chapter 11 of the U.S. Bankruptcy Code enable firms to reorganize debt and operations rather than liquidate. This process requires creditors and courts approval, allowing firms to emerge as viable entities.The success of Chapter 11 can be evaluated in both the short term, considering firm emergence, and the long term, considering financial viability and post-bankruptcy survival. While approximately two-thirds of firms emerge from Chapter 11, many face ongoing profitability challenges, and nearly 30 LB - PUB:(DE-HGF)11 DO - DOI:10.18154/RWTH-2025-06561 UR - https://publications.rwth-aachen.de/record/1015826 ER -