|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|
Items in accedaCRIS are protected by copyright, with all rights reserved, unless otherwise indicated.