The low usage of bankruptcy procedures: A cultural problem? Lessons from Spain

The low usage of bankruptcy procedures: A cultural problem? Lessons from Spain

While filing for bankruptcy does not seem appealing for any debtor regardless of the jurisdiction, the reluctance to use the bankruptcy system varies across countries. This article explores the underlying reasons and economic effects of the low usage of bankruptcy procedures in Spain, where the rate...

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Bibliographic Details
Main Author: GURREA-MARTINEZ, Aurelio
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2020
Subjects:
Bankruptcy rates
Insolvency proceedings
Risk aversion
Culture
Institutions
Entrepreneurship
Access to finance
Economic growth
Bankruptcy Law
Commercial Law
Online Access:https://ink.library.smu.edu.sg/sol_research/3251
https://ink.library.smu.edu.sg/context/sol_research/article/5216/viewcontent/The_Low_Usage_of_Bankruptcy_Procedures_A_Cultural_Problem_Lesso.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/sol_research/3251
https://ink.library.smu.edu.sg/context/sol_research/article/5216/viewcontent/The_Low_Usage_of_Bankruptcy_Procedures_A_Cultural_Problem_Lesso.pdf

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