of firms in Western Germany and Eastern Germany as a transitional economy. Innovative activity has a positive impact on … firm value proxied by ratings in Western Germany, but a negative impact in Eastern Germany. We also consider future … financial distress, and find that R&D in Eastern German firms leads to higher default risk, in contrast to Western Germany …

This paper analyses the dynamics of personal insolvencies in Germany and the UK, focusing on the recent recession … different approaches to deal with overindebted individuals. In Germany unfortunate households who file on their debt are … discharged relatively fast. In line with their different insolvency procedures, the two countries also represent two different …

Economic theory conjectures complementarities between the ranking of creditors in formal insolvency proceedings and the … paper we seek evidence for the-se hypotheses taking France and Germany as examples which differ significantly concerning the … the insolvency law, like culture and history. …

This is a chapter from a forthcoming book on the treatment of former entrepreneurs in the Dutch personal insolvency law … the United States, England and Wales, Germany, Denmark, and France. It concludes with several observations about …