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Aleksander A. Aleszczyk

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Open access Aug 2026

The Debt Market Role of Asset Valuation Uncertainty

We collect data on ranges of hypothetical asset liquidation values disclosed in U.S. Bankruptcy Court filings. We use this historical information to construct a firm-specific measure, “RecRisk,” which captures asset recovery risk through the uncertainty surrounding asset valuations in liquidation events. We document...

Aleksander A. Aleszczyk, F. Vasvari, Dushyantkumar Vyas · 0 citations

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