liability rules and bankruptcy laws decreases as exogenous sources of uncertainty become relatively more important, and … increases with the opportunity for moral hazard (related to diligence, risk taking, or deception). Second, bankruptcy laws …

specific risks. There are many reasons to use nonlinear techniques for predicting bankruptcy from financial ratios. Here we … the Creditreform database. The results reveal that the most important eight predictors related to bankruptcy for these …

defaults and bankruptcy. Building on a simple model for the joint determination of the repayments of interbank claims, this …

the distribution probability of the shock, evaluate a bankruptcy risk and, at the second stage, firms are engaged in a … increases the bankruptcy probability of the merging firms while a similar merger concerning unleveraged firms or between the two … categories of firms leads to a decrease in the bankruptcy probability of leveraged firms. Moreover, the minimum number of firms …

The evolutions of the bankruptcy law seek to reach many aims: economic safety, firms' creation and expansion in a … ability to protect creditors' interest of the bankruptcy law. We show that far from being only one means of selection thanks … to which the market could be cleared of its failing agents, the bankruptcy law opens a non commercial space of resolution …