Bankruptcy and institutions

We use a simple model to show that the importance of retained earnings and ownership concentration as bankruptcy determinants is inversely related to institutional quality. A test employing firm-level data for Korea and the US is consistent with this prediction.

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Year of publication:	2012
Authors:	Alexeev, Michael ; Kim, Jounghyeon
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 3, p. 676-678
Publisher:	Elsevier
Subject:	Bankruptcy \| Institutions \| Ownership concentration

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Type of publication:	Article
Classification:	G33 - Bankruptcy; Liquidation ; L25 - Firm Size and Performance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010594142