Logo
Munich Personal RePEc Archive

Défaut de paiement stratégique et loi sur les défaillances d'entreprises

Chopard, Bertrand and Langlais, Eric (2009): Défaut de paiement stratégique et loi sur les défaillances d'entreprises.

[thumbnail of MPRA_paper_14366.pdf]
Preview
PDF
MPRA_paper_14366.pdf

Download (435kB) | Preview

Abstract

We compare the influence of bankruptcy law on the risk of default and the rate of liquidation by banks. We show that it depends on whether it is pro-creditors or pro-debtors oriented, and on the intensity of competition between banks. Then , we analyse the various tools at the disposal of public authority in order to accomdate the transition from a pro-creditors regime to a pro-debtors one. In a sense, our results suggest that there may exist a kind of consistency between the aims assigned to law, the orientation of bankruptcy law and the level of competition in the banking system.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.