over-allocated. Demand for water exceeds the available supply. Essentially, the water economy is bankrupt. Bankruptcy … of the paper is that the connection between the bankruptcy literature, which has recently also realized the importance of …

This study has as its main objective to analyze the best bankruptcy procedure considering the conflict of interests … characteristics, which is also relevant to the design of the bankruptcy law. Simulating a general-equilibrium model with incomplete … marktes and bankruptcy, we show that for liquidation procedure that does not depreciates the failed assets too much …

Bankruptcy is an interesting object of research, being habitually perceived as a shocking and scandalous event … in general) extensively compares its characteristics with the existing members. Since Croatian bankruptcy law is for the … especially interesting for Croatian bankruptcy researchers. Even though being a part of the EU, the United Kingdom’s Anglo …

contract driven bankruptcy system to the court driven system, and their implications for failed VC funded firms. This paper … put into the bankruptcy system for liquidation/ reorganization because the realized value from the small firms often do … not cover the cost of the bankruptcy process. Consequently, it is difficult to ascertain the impact of corporate …

influence on firms' bankruptcy decisions through the channel of covenants in debt contracts. …

This paper examines the relationship between corporate governance level and the bankruptcy law to such debt variables … corporate governance and the harsher bankruptcy law, the lower the cost of debt. Second, we find that better governance and a … harsher bankruptcy laws have a positive effect on debt. As consequence, firms increase their set of investment projects …

This paper studies the effect of changes in creditors? priority order defined by the bankruptcy law on firms? capital … structure. Taking advantage of the Brazilian bankruptcy law Reform and using firms? balance sheet data, we obtain results in …

regulators. Prior research suggests that firms increase their financial leverage, and thus their probability of bankruptcy and … expected bankruptcy costs, in order to mitigate the severity of binding price ceilings. Although financial leverage can be … insurers as well as the probability of bankruptcy, the non-selection probability. …