Kliatskova, Tatsiana; Savatier, Loïc Baptiste - 2020 - This version: April 2020
This paper investigates the effect of reforms of insolvency regulations on cross-border debt and equity investments at …-indicators on the efficiency of insolvency regulations, we find that investors prefer to invest more in countries with more efficient … insolvency frameworks. The effect, however, differs across sectors, with households and institutional investors being …