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Privilegio Salarial y Reestructuración Financiera: El Papel Del Fondo De Garantía Salarial

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  • A. Jorge Padilla
  • Alejandro Requejo

Abstract

En este artículo, desarrollamos un modelo teórico para estudiar las implicaciones de la preferencia del crédito salarial y de la actuación de un fondo de garantía de salarios sobre la eficiencia de la reestructuración financiera. De los resultados de este modelo se deducen claras recomendaciones de política económica que afectan a ambas instituciones legales.

Suggested Citation

  • A. Jorge Padilla & Alejandro Requejo, 1997. "Privilegio Salarial y Reestructuración Financiera: El Papel Del Fondo De Garantía Salarial," Working Papers wp1997_9714, CEMFI.
    • Handle: RePEc:cmf:wpaper:wp1997_9714
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    1. Fisher, Timothy C G & Martel, Jocelyn, 1995. "The Creditors' Financial Reorganization Decision: New Evidence from Canadian Data," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(1), pages 112-126, April.
    2. Berkovitch, Elazar & Kim, E Han, 1990. "Financial Contracting and Leverage Induced Over- and Under-Investment Incentives," Journal of Finance, American Finance Association, vol. 45(3), pages 765-794, July.
    3. Chang, Chun, 1992. "Capital Structure as an Optimal Contract between Employees and Investors," Journal of Finance, American Finance Association, vol. 47(3), pages 1141-1158, July.
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