This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical … the impact of bankruptcy law on national economic performance cannot be deducted a priori from a simple description of the … that an empirical assessment of bankruptcy must start with a better understanding of what determines the proportions of …

We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in … 1998. We find that regional political characteristics affected judicial decisions about the numbers and types of bankruptcy … bankruptcy; while the opposite was true in regions with high-quality judges. The effect of judicial quality on restructuring is …

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 …