Debt Enforcement around the World

Insolvency practitioners from 88 countries describe how debt enforcement will proceed against an identical hotel about to default on its debt. We use the data on time, cost, and the likely disposition of the assets (preservation as a going concern vs. piecemeal sale) to construct a measure of the ef...

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Main Authors:	Djankov, Simeon, Hart, Oliver, McLiesh, Caralee, Shleifer, Andrei
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Bankruptcy Liquidation G330 Corporation and Securities Law K220 INTERDISCIPLINARY RESEARCH AREAS :: Sports Gambling Recreation Tourism L830 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170
Online Access:	http://hdl.handle.net/10986/5660

id	okr-10986-5660
recordtype	oai_dc
spelling	okr-10986-56602021-04-23T14:02:23Z Debt Enforcement around the World Djankov, Simeon Hart, Oliver McLiesh, Caralee Shleifer, Andrei Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Bankruptcy Liquidation G330 Corporation and Securities Law K220 INTERDISCIPLINARY RESEARCH AREAS :: Sports Gambling Recreation Tourism L830 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Insolvency practitioners from 88 countries describe how debt enforcement will proceed against an identical hotel about to default on its debt. We use the data on time, cost, and the likely disposition of the assets (preservation as a going concern vs. piecemeal sale) to construct a measure of the efficiency of debt enforcement in each country. This measure is strongly correlated with per capita income and legal origin and predicts debt market development. Several characteristics of debt enforcement procedures, such as the structure of appeals and availability of floating charge finance, influence efficiency. 2012-03-30T07:33:54Z 2012-03-30T07:33:54Z 2008 Journal Article Journal of Political Economy 00223808 http://hdl.handle.net/10986/5660 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Bankruptcy Liquidation G330 Corporation and Securities Law K220 INTERDISCIPLINARY RESEARCH AREAS :: Sports Gambling Recreation Tourism L830 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170
spellingShingle	Financing Policy Financial Risk and Risk Management Capital and Ownership Structure G320 Bankruptcy Liquidation G330 Corporation and Securities Law K220 INTERDISCIPLINARY RESEARCH AREAS :: Sports Gambling Recreation Tourism L830 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Djankov, Simeon Hart, Oliver McLiesh, Caralee Shleifer, Andrei Debt Enforcement around the World
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Insolvency practitioners from 88 countries describe how debt enforcement will proceed against an identical hotel about to default on its debt. We use the data on time, cost, and the likely disposition of the assets (preservation as a going concern vs. piecemeal sale) to construct a measure of the efficiency of debt enforcement in each country. This measure is strongly correlated with per capita income and legal origin and predicts debt market development. Several characteristics of debt enforcement procedures, such as the structure of appeals and availability of floating charge finance, influence efficiency.
format	Journal Article
author	Djankov, Simeon Hart, Oliver McLiesh, Caralee Shleifer, Andrei
author_facet	Djankov, Simeon Hart, Oliver McLiesh, Caralee Shleifer, Andrei
author_sort	Djankov, Simeon
title	Debt Enforcement around the World
title_short	Debt Enforcement around the World
title_full	Debt Enforcement around the World
title_fullStr	Debt Enforcement around the World
title_full_unstemmed	Debt Enforcement around the World
title_sort	debt enforcement around the world
publishDate	2012
url	http://hdl.handle.net/10986/5660
_version_	1764395855039692800

Debt Enforcement around the World

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