Araujo, Aloisio; Funchal, Bruno; Ferreira, Rafael - Fundação Instituto Capixaba de Pesquisas em … - 2010
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 poorly developed credit market. Using data from Argentine, Brazilian, Chilean …