This paper investigates the consequences of liquidation and reorganization on the allocation and subsequent utilization … some firms into liquidation, we find that the long-run utilization of assets of liquidated firms is lower relative to … access to finance. These findings suggest that when search frictions are large, liquidation can lead to inefficient …

Recommendation” (RR) of the European Commission, issued in 2014, and the 2015 recast of the European Insolvency Regulation (EIR). In … interaction between the Member States' formal insolvency laws and the restructuring mechanism proposed. Further, we disagree with … rules wrongly require financial difficulties or a likelihood of insolvency as an entry test for the recommended …

model generates and optimizes a set of 'if-then' comprehensible rules for the financial failure classification of AAER firms …. A Genetic Algorithm model can provide a greater degree of accuracy in predicting financial failure of firms than … failure GA model …

The phenomenon of forum shopping in insolvency situations has long troubled policy makers and scholars alike. Forum … to benefit from a different, more favourable insolvency law or jurisdiction. The European Insolvency Regulation, an … instrument determining the competent courts and the applicable law in cross-border insolvency proceedings, has long sought to …

Insolvency law in the People's Republic of China has gained increased prominence in the last five years in light of … changing economic circumstances and government policies. This article analyzes trends and developments in Chinese insolvency … law since the enactment of the PRC Enterprise Bankruptcy Law in 2007, focusing on the dynamic transformation of insolvency …

debt, debt canellation, insolvency, restructuring, principles, non-performing loans …