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The main purpose of this first comprehensive selection of readings focusing on corporate bankruptcy is to explore the nature and efficiency of corporate reorganization using interdisciplinary approaches drawn from law, economics, business, and finance.
Lawrence A. Weiss is Professor of International Accounting at The Fletcher School of Law and Diplomacy at Tufts University. Professor Weiss has taught the introductory to advanced financial as well as managerial accounting and finance courses. He previously taught at Georgetown University, IMD, HEC Lausanne, M.I.T.'s Sloan School, INSEAD, Tulane, Babson and McGill University. He received the teacher of the year award while on the faculty of MIT and was repeatedly nominated for best Professor at Fletcher, INSEAD and Tulane University.
Professor Weiss received his B.Comm., Dipolma in Public Accounting, and M.B.A. from McGill University and his Doctorate in Business Administration from Harvard University. He began his career as a Canadian Chartered Accountant (equivalent to a CPA in the US) working for KPMG. A member of the American Accounting Association, he has been a discussant and presented numerous papers. Professor Weiss is a recognized expert on US corporate bankruptcy, and has testified before the US Congress on bankruptcy reform. He has also advised corporations on their costing systems, and served as an expert witness in both civil and criminal cases.
Current research has three themes: The reorganization of financially distressed firms; operations management; and the transition from country specific accounting standards (Local GAAP) to one set of global standards (IFRS). His published work includes: "Bankruptcy Resolution: Direct Costs and Violation of Priority of Claims," which won a Journal of Financial Economics All-Star paper award, "Value Destruction in the New Era of Chapter 11" in the Journal of Law Economics and Organizations, and "On the relationship between inventory and financial performance in manufacturing companies," in the International Journal of Operations Management. His book "Corporate Bankruptcy: Economic and Legal Perspectives" was published by Cambridge University Press. Professor Weiss has also published Op Ed's in the New York Times, The Globe and Mail and at HBR.org.