2024-03-29T15:22:46Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/71272023-06-08T12:35:37Zcom_123456789_5661com_123456789_21col_123456789_5685
Repositorio Institucional
author
García-Posada, Miguel
author
Mora Sanguinetti, Juan S.
2019-08-10T18:02:38Z
2019-08-10T18:02:38Z
2012-09-25
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/7127
000345196
DTRA-201234-eng
Taking advantage of a rich database of more than 1 million companies in Spain, France and the U.K., we propose and test a hypothesis to explain why Spain has one of the world’s lowest business bankruptcy rates, even during the current economic crisis and after controlling for market exit rates. This hypothesis is based on two premises, the low effi ciency of the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the unattractiveness of the personal bankruptcy law
eng
Reconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
Bankruptcy
Mortgage
Insolvency
Concursos de acreedores
Hipotecas
Insolvencia
Why do Spanish firms rarely use the bankruptcy : the role of the mortgage institution
Documento de trabajo
URL
https://repositorio.bde.es/bitstream/123456789/7127/1/dt1234e.pdf
File
MD5
1dc274b59fc3a79c45b17c4bcd325309
866099
application/pdf
dt1234e.pdf
URL
https://repositorio.bde.es/bitstream/123456789/7127/2/dt1234e.pdf.txt
File
MD5
eea5aad48dc0246c12e6b3aec87dd94f
122316
text/plain
dt1234e.pdf.txt