Kenneth M. Ayotte

Ayotte, Kenneth M.

Professor of Law

Phone: (312) 503-1746

SSRN Author Page | Curriculum Vitae (pdf)

Professor Ayotte joined the Northwestern Law faculty in 2007. Previously, he was an assistant professor at Columbia Business School, receiving the Dean’s Award for Teaching Excellence in 2005. His research interests are in bankruptcy, corporate finance, and the economics of property law and legal entities. His current research projects include an empirical investigation into the impact of creditor control on Chapter 11 outcomes, and a theoretical investigation of optimal legal rules regarding property rights.

Areas of Expertise

  • Law and Economics
  • Bankruptcy
  • Corporate Finance

Selected Publications

  • Optimal Property Rights in Financial Contracting in 24 review of financial studies 3401-3433. (with Patrick Bolton)
  • Creditor Control and Conflict in Chapter 11 in 1 journal of legal analysis 511-551 (2009). (with Edward R. Morrison )
  • Bankruptcy and Entrepreneurship: The Value of a Fresh Start in 23 journal of law, economics, and organization 161-185 (2007).
  • Asset Backed Securities: Costs and Benefits of Bankruptcy Remoteness in the review of financial studies (2010). (with Stav Gaon)


  • BA, University of Virginia
  • PhD in Economics, Princeton University