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Legal reform and aggregate small and micro business bankruptcy rates: evidence from the 1997 Belgian bankruptcy code

  • Nico Dewaelheyns


  • Cynthia Hulle


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Article provided by Springer in its journal Small Business Economics.

Volume (Year): 31 (2008)
Issue (Month): 4 (December)
Pages: 409-424

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Handle: RePEc:kap:sbusec:v:31:y:2008:i:4:p:409-424
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  1. Petersen, Mitchell A & Rajan, Raghuram G, 1997. "Trade Credit: Theories and Evidence," Review of Financial Studies, Society for Financial Studies, vol. 10(3), pages 661-91.
  2. Claessens, Stijn & Klapper, Leora F., 2002. "Bankruptcy around the World: Explanations of its Relative Use," CEI Working Paper Series 2002-17, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  3. Hege, Ulrich, 2003. "Workouts, court-supervised reorganization and the choice between private and public debt," Journal of Corporate Finance, Elsevier, vol. 9(2), pages 233-269, March.
  4. Berkovitch, Elazar & Israel, Ronen, 1999. "Optimal Bankruptcy Laws across Different Economic Systems," Review of Financial Studies, Society for Financial Studies, vol. 12(2), pages 347-77.
  5. Gertjan W. Vlieghe, 2001. "Indicators of fragility in the UK corporate sector," Bank of England working papers 146, Bank of England.
  6. Jo-Hui Chen & Martin Williams, 1999. "The determinants of business failures in the US low-technology and high-technology industries," Applied Economics, Taylor & Francis Journals, vol. 31(12), pages 1551-1563.
  7. N. Berger, Allen & F. Udell, Gregory, 1998. "The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle," Journal of Banking & Finance, Elsevier, vol. 22(6-8), pages 613-673, August.
  8. S. Abraham Ravid & Stefan Sundgren, 1998. "The Comparative Efficiency of Small-Firm Bankruptcies: A Study of the US and Finnish Bankruptcy Codes," Financial Management, Financial Management Association, vol. 27(4), Winter.
  9. S. Abraham Ravid & S. Sundgren, 1998. "The Comparative Efficiency of Small-Firm Bankruptcies: A Study of the US and Finnish Bankruptcy Codes," New York University, Leonard N. Stern School Finance Department Working Paper Seires 98-054, New York University, Leonard N. Stern School of Business-.
  10. Cuthbertson, Keith & Hudson, John, 1996. "The Determinants of Compulsory Liquidation in the U.K," The Manchester School of Economic & Social Studies, University of Manchester, vol. 64(3), pages 298-308, September.
  11. Ilmakunnas, Pekka & Topi, Jukka, 1996. "Microeconomic and Macroeconomic Influences on Entry and Exit of Firms," Research Discussion Papers 6/1996, Bank of Finland.
  12. Johnson, Peter & Parker, Simon, 1994. " The Interrelationships between Births and Deaths," Small Business Economics, Springer, vol. 6(4), pages 283-90, August.
  13. Jia Liu, 2004. "Macroeconomic determinants of corporate failures: evidence from the UK," Applied Economics, Taylor & Francis Journals, vol. 36(9), pages 939-945.
  14. Harhoff, Dietmar & Stahl, Konrad & Woywode, Michael, 1996. "Legal Form, Growth and Exit of West German Firms - Empirical Results for Manufacturing, Construction, Trade and Service Industries," CEPR Discussion Papers 1401, C.E.P.R. Discussion Papers.
  15. Branch, Ben, 2002. "The costs of bankruptcy: A review," International Review of Financial Analysis, Elsevier, vol. 11(1), pages 39-57.
  16. Cyril Monnet & Frederic Boissay, 2004. "Bankruptcy in Credit Chains," Econometric Society 2004 North American Winter Meetings 133, Econometric Society.
  17. Bergstrom, Clas & Eisenberg, Theodore & Sundgren, Stefan, 2002. "Secured debt and the likelihood of reorganization," International Review of Law and Economics, Elsevier, vol. 21(4), pages 359-372, May.
  18. Allen N. Berger & Gregory F. Udell, 2001. "Small business credit availability and relationship lending: the importance of bank organizational structure," Finance and Economics Discussion Series 2001-36, Board of Governors of the Federal Reserve System (U.S.).
  19. Timothy C. G. Fisher & Jocelyn Martel, 2003. "The Effect of Bankruptcy Reform on the Number of Corporate Reorganization Proposals," Canadian Public Policy, University of Toronto Press, vol. 29(3), pages 339-349, September.
  20. John Hudson, 1997. "Company bankruptcies and births matter," Applied Economics, Taylor & Francis Journals, vol. 29(5), pages 647-654.
  21. Everett, Jim & Watson, John, 1998. " Small Business Failure and External Risk Factors," Small Business Economics, Springer, vol. 11(4), pages 371-90, December.
  22. Kevin M.J. Kaiser, 1996. "European Bankruptcy Laws: Implications for Corporations Facing Financial Distress," Financial Management, Financial Management Association, vol. 25(3), Fall.
  23. Nobuhiro Kiyotaki & John Moore, 1997. "Credit Chains," ESE Discussion Papers 118, Edinburgh School of Economics, University of Edinburgh.
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