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The Economics of Bankruptcy and the Transition to a Market Economy

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Author Info
Abel, István
Gatsios, Konstantine
Abstract

This paper looks at simple decision rules in bankruptcy procedures. It describes special issues of enterprise liquidation and reorganization during economic transformation. The reforms of the financial system and other important factors in economic transformation influence the impact of bankruptcy regulation in a way distorting it towards liquidation.

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File URL: http://www.cepr.org/pubs/dps/DP878.asp
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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 878.

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Date of creation: Dec 1993
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Handle: RePEc:cpr:ceprdp:878

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Related research
Keywords: Bankruptcy; Economic Transformation; Hungary; Liquidation; Reorganization;

Find related papers by JEL classification:
G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
P51 - Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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This page was last updated on 2009-12-21.

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