Reference : Bankruptcy Law: a Mechanism of Governance for Financially Distressed Firms
Scientific journals : Article
Law, criminology & political science : Public law
Business & economic sciences : Finance
Business & economic sciences : Economic systems & public economics
http://hdl.handle.net/10993/16022
Bankruptcy Law: a Mechanism of Governance for Financially Distressed Firms
English
Blazy, Régis [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Luxembourg School of Finance (LSF)]
Chopard, Bertrand [> >]
Fimayer, Agnès [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Luxembourg School of Finance (LSF)]
1-Jun-2008
European Journal of Law and Economics
Springer US
25
3
253-267
No
0929-1261
1572-9990
[en] Bankruptcy ; Governance ; Law and Economics ; K29
[en] This paper explores the various governance models for financially distressed firms. We offer a new typology of major bankruptcy models and provide a connection between this bankruptcy law puzzle and the variables depicting the governance of healthy firms in order to shed light on two topics: (1) the factors that the lawyer should consider before removing its national bankruptcy law, and (2) the risks associated with each bankruptcy model according to the economic literature on bankruptcy law. Our final aim is to test whether the various bankruptcy models detailed in the paper perform in separate economic and legal environments.
http://hdl.handle.net/10993/16022
10.1007/s10657-008-9048-8

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