Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/42589
Title: Causes and resolution of bankruptcy: The efficiency of the law
Authors: Aguiar-Díaz, Inmaculada 
Ruiz-Mallorquí, María Victoria 
UNESCO Clasification: 5301 Política fiscal y hacienda pública nacionales
Keywords: Bancarrota
Issue Date: 2015
Publisher: 2173-1268
Journal: Spanish Review of Financial Economics 
Abstract: Within the framework of asymmetric information, the present work has the aim of analysing the influence of relationship banking in bankruptcy resolution, with particular reference to firm size. The obtained results, from a sample of 622 micro- and small and medium-sized enterprise (SME) non-financial and unlisted firms that filed for bankruptcy in 2010 (resolved by the end of 2014), allow us to conclude that: (1) SMEs are more likely to survive than micro firms; (2) the number of relationships banking is not relevant; (3) maintaining relations with one of the big banks, especially the largest bank in a country, increases the likelihood of reorganization, as opposed to liquidation.
URI: http://hdl.handle.net/10553/42589
ISSN: 2173-1268
DOI: 10.1016/j.srfe.2015.04.001
Source: Spanish Review of Financial Economics[ISSN 2173-1268],v. 13, p. 71-80
Appears in Collections:Artículos
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