Measuring the effectiveness of bankruptcy institutions: filtering failures in Slovenian financial reorganizations
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DOI: 10.1017/s1744137418000437
Abstract: Abstract We examine the effectiveness of bankruptcy institutions at promoting socially efficient allocation of resources. Under the Slovenian simplified reorganization procedure, firms with rejected reorganization proposals are not automatically liquidated. This unique institutional feature facilitates… read more here.
Keywords: type errors; bankruptcy institutions; filtering failures; bankruptcy ... See more keywords