IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

La reestructuración financiera de las pymes en crisis. Endogeneidad en la elección entre vía privada y vía concursal

  • Cristina Aybar Arias

    (Universitat de València)

  • Alejandro Casino Martínez

    (Universitat de València)

  • José López Gracia

    (Universitat de València)

Registered author(s):

    Este trabajo presenta evidencia empírica del papel de los costes de ajuste en la reestructuración financiera realizada por las empresas de reducido tamaño con problemas de insolvencia. Se contrasta la hipótesis del sesgo latente a favor del deudor en los procedimientos concursales, planteando un modelo de estructura de capital dinámico que incluye una ecuación de selección para captar la endogeneidad implícita en la opción adoptada para salir de la crisis (vía privada o concursal). Se confirma la relevancia de la endogeneidad y la existencia de elevados costes de ajuste en ambos escenarios además del citado sesgo de protección.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    File Function: Full text
    Download Restriction: no

    Article provided by Fundación SEPI in its journal Investigaciones Economicas.

    Volume (Year): 30 (2006)
    Issue (Month): 1 (January)
    Pages: 137-162

    in new window

    Handle: RePEc:iec:inveco:v:30:y:2006:i:1:p:137-162
    Contact details of provider: Postal: Investigaciones Economicas Fundación SEPI Quintana, 2 (planta 3) 28008 Madrid Spain
    Web page:

    Order Information: Web: Email:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:iec:inveco:v:30:y:2006:i:1:p:137-162. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Isabel Sánchez-Seco)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.