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Do reorganization costs matter for efficiency ? Evidence from a bankruptcy reform in Colombia (英语)

摘要

The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable businesses and... 更多显示

详细

  • Gine, Xavier; Love, Inessa;
  • 2006/07/01
  • 政策研究工作报告
  • WPS3970
  • 1
  • 1
  • 哥伦比亚
  • 拉丁美洲与加勒比
  • 2010/07/01
  • Disclosed
  • Do reorganization costs matter for efficiency ? Evidence from a bankruptcy reform in Colombia
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