Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …

liquidation for firms. We find support for our main results across regions with different pre-policy court-eciency and across …

Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …

national accounting and auditing standards, laws, regulations and insolvency / liquidation procedures alongside financial … concerns; voluntarily and involuntary liquidation companies were employed. Data sets were extracted from international and … reports of several distressed, in-liquidation and liquidating entities from five focal countries and used in analyses. These …