institutions in deterring innovation, competition and the growth of successful firms. It argues that Spain needs to have a more …

The weight of the housing tenancy market in Spain is very low. It is frequently argued that an ineffective judicial … the degree of inefficacy of the judicial system has a positive impact on the property share among provinces in Spain …

. This is why business bankruptcy rates in Spain are among the lowest in the world, even during the current economic crisis …. To explain this fact we present the following hypothesis. Filing for bankruptcy in Spain is very costly for both small …

Taking advantage of a rich database of more than 1 million companies in Spain, France and the U.K., we propose and test … a hypothesis to explain why Spain has one of the world's lowest business bankruptcy rates, even during the current …

performance. It is therefore worth explaining why enterprises in Spain are small in international terms. Our findings indicate …