to measure the costs and recovery rates in the Dutch liquidation-based bankruptcy system, and to investigate the …We present evidence on the efficiency of the resolution of financial distress in bankruptcy in The Netherlands. We … firms before and in the bankruptcy procedures, the details of the bankruptcy process and the outcomes. This data allows us …

The aim of this paper is to provide new evidence on the value-creation process taking place in bankruptcy procedures … extent the debtor’s value can be preserved under bankruptcy by analyzing the recovery rates in France, Germany, and the … United Kingdom. We use a unique European sample of 900 corporate bankruptcy files that were manually collected in commercial …

ownership structure have affected the likelihood of liquidation and bankruptcy of firms in Russia. We use a sample of 497 … status and reasons for exit, such as bankruptcy, mergers and court decisions. More than 38% of the sample firms were … long-term survival of firms in Russia, but that managerial ownership lowers the likelihood of both liquidation and …

as bankruptcy, voluntary liquidation, mergers and acquisitions (M&A) differ. Our paper studies factors that influence the … firms in 2006-2012. We distinguish between (1) court driven exit as a result of bankruptcy or forced liquidation; (2 …) voluntary liquidation, (3) disappearances from the dataset as a result of mergers and acquisitions, and (4) termination based on …

between reorganization and liquidation. The results highlighted that the bankruptcy code and its enforceability efficiency …Application of a logit regression model to 555 bankruptcy filings from 30 countries from 1993 to 2009 provides insight … into the factors that determined the outcomes of two formal bankruptcy resolution procedures, reorganization, and …