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Araujo, Aloisio - 2013

In early 2005, the Brazilian Congress approved a new bankruptcy law. The new legislation increased creditor protection and improved the efficiency of the bankruptcy system. This paper evaluates the empirical consequences of a bankruptcy reform on a poorly developed credit market. Using data from...

Persistent link: https://www.econbiz.de/10013075657

The Brazilian Bankruptcy Law Experiment

Araujo, Aloisio Pessoa de - 2011

In early 2005 a new bankruptcy law was approved by the Brazilian Congress, taking effect a few months later. The new legislation improved creditor protection and the bankruptcy system's efficiency. This paper tries to shed some light on the empirical consequences of a bankruptcy reform on a...

Persistent link: https://www.econbiz.de/10013124559

Court Enforcement, Bank Loans and Firm Investment : Evidence from a Bankruptcy Reform in Brazil

Ponticelli, Jacopo - 2015

I exploit variation in the congestion of civil courts across Brazilian municipalities, together with a bankruptcy reform increasing secured creditors' protection, to estimate the effect of enforcement on firm access to finance, investment and size. I find that firms operating in municipalities...

Persistent link: https://www.econbiz.de/10013034050

The Labor Effects of Pro-Labor Bias in Bankruptcy

Araújo, Aloisio Pessoa de; Ferreira, Rafael; Lagaras, … - 2021

Judicial decisions in bankruptcy are often influenced by the goal of preserving employment. Using the text of judicial decisions and the random assignment of cases across courts in the state of Sao Paulo in Brazil, we construct a novel court-level measure of pro-labor bias and study its effect...

Persistent link: https://www.econbiz.de/10013236753

Court Enforcement, Bank Loans and Firm Investment : Evidence from a Bankruptcy Reform in Brazil

Ponticelli, Jacopo - 2015

Persistent link: https://www.econbiz.de/10014163571

Does ESG predict business failure in Brazil? : An application of machine learning techniques

Mehwish Kaleem; Raza, Hassan; Ashraf, Sumaira; Martins … - In: Risks : open access journal 12 (2024) 12, pp. 1-22

The aim of this study is to explore the influence of environmental, social, and governance (ESG) factors on business failure in Brazil by employing advanced machine learning techniques. We collected data from 235 companies and conducted principal component analysis (PCA) on 40 variables already...

Persistent link: https://www.econbiz.de/10015325268

A Brazilian Debt-Crisis Model

Razin, Assaf - 2002

We develop a model that captures important features of debt crises of the Brazilian type. Its applicability to Brazil lies in the fact that (1) in Brazil the macro fundamentals were sound (e.g., a primary surplus, a relatively low debt/GDP ratio, etc.); and (2) in the Brazilian case the trigger...

Persistent link: https://www.econbiz.de/10012469498

A Brazilian Debt-Crisis

Razin, Assaf - 2002

We develop a stylised model of multiple equilibria, with country risk spreads at the focus of the analysis. Fears that the country default on its debt triggers a reversal in the direction of inflows of international financial capital raise interest-rate spreads and thus the cost of servicing the...

Persistent link: https://www.econbiz.de/10012469550

An Analysis of Reorganizing Bankruptcies in Brazil : Assessing and Understanding Failure or Success

Silva Neto, Orlando - 2018

Persistent link: https://www.econbiz.de/10012931154

Reflections About Transnational Insolvency : Ideological Divergences and the Brazilian Experience

Machado, Maria Leticia - 2015

This thesis addresses the problem that arises from lacking regulations in transnational insolvency in Brazil. The … corporations with transnational operations. Currently, there are no specific Brazilian laws to deal with transnational insolvency … specific laws to regulate transnational insolvency. In this light, the thesis explores the leading theoretical models proposed …

Persistent link: https://www.econbiz.de/10013027006