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This paper explores cross-country differences in the design of insolvency regimes and their potential links with two … competitive market) and capital misallocation. New cross-country policy indicators of insolvency regimes are constructed based on … countries’ responses to a recent OECD questionnaire, which aimed to better capture the key design features of insolvency which …
Persistent link: https://www.econbiz.de/10011700546
This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators … for 2010 and 2016 – aim to better capture the key design features of insolvency which impact the timely initiation and … resolution of personal and corporate insolvency proceedings. According to these metrics, the design of insolvency regimes varies …
Persistent link: https://www.econbiz.de/10011914641
With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining profitability, and intensifying competition from other, lower-cost emerging economies, corporate behaviour in China needs to change and focus more on efficiency and sustainability. This...
Persistent link: https://www.econbiz.de/10011732705
Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never has income inequality been higher than it is today in Japan, and in the OECD area. The two challenges have some common origins, including a widening productivity and wage gap...
Persistent link: https://www.econbiz.de/10011732717
Productivity growth is slowing down among OECD countries, coupled with increased misallocation of resources. A recent strand of literature focuses on the role of non-viable firms (“zombie firms”) to explain these developments. Using a rich firm-level dataset for one of the OECD countries...
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. Insolvency legislation was thoroughly reformed in 2013 and should be implemented effectively to help return the healthy parts of … the economy to invest and grow again. This Working Paper relates to the 2015 OECD Economic Survey of Slovenia (www.oecd.org/eco/surveys/economic-survey-slovenia.htm). …
Persistent link: https://www.econbiz.de/10011399559
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