27 Pages Posted: 20 Jul 2006
Date Written: July 2006
The market valuation of corporate insolvency problems is conditioned by the attributes of bankruptcy laws, with different codes traditionally being oriented toward protecting the debtor or the creditor. Nevertheless, it is also necessary to address the objective of each concrete measure established in the legislation to try to resolve financial distress. This study carries out an approximation, taking into account the different types of efficiency in bankruptcy regulations, the antagonistic character that, on occasions, exists between them, and the market valuation of each one of these, by way of an international analysis undertaken within the main European Union countries.
Keywords: Corporate insolvency, Bankruptcy Law Efficiency, Market Valuation
JEL Classification: G33, G38, G14
Suggested Citation: Suggested Citation
Gutiérrez, Carlos Lopez and Garcia Olalla, Myriam and Torre Olmo, Begoña, Economic Valuation of the Efficiency of Bankruptcy Systems (July 2006). Available at SSRN: https://ssrn.com/abstract=917784 or http://dx.doi.org/10.2139/ssrn.917784