García-Posada, Miguel; Vegas Sánchez, Raquel - 2016
acuerdos preconcursales para grandes empresas ; Traditionally, bankruptcy procedures in Spain have been lengthy and costly … processes that have nearly always (95%) resulted in the liquidation of the insolvent firm. These dysfunctions became apparent … achieving a successful reorganisation, hence avoiding the firm’s liquidation. Our findings show that two of the four reforms …