currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment …

Brazil, Chile, and Mexico. Costs include investment banking and legal fees, regulatory and exchange listing costs, rating …"Zervos documents the precise costs of debt and equity issuance, both domestically and internationally, for firms in … agency fees, and expenditures for marketing and publishing. Her findings suggest that Brazilian firms face similar costs in …

"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model … that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable … lowering reorganization costs, the reform improved the selection of viable firms into reorganization. In this sense, the new …