of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …-post efficiency of an insolvency regime depends not only on its formal rules and procedures, but also on who implements them in …

Does relationship bank oversight improve firm operational efficiency and reduce default risk? I find that a new loan … from a relationship bank improves the technical efficiency of inefficient firms that have an elevated probability of … relationship bank monitoring are most apparent for borrowers with higher the ex ante default risk and lower baseline efficiency …