Project

An economic analysis of the efficiency and bankruptcy costs of the Belgian insolvency regulation

Duration
01 January 2009 → 31 October 2013
Funding
Regional and community funding: Special Research Fund
Research disciplines
  • Social sciences
    • Applied economics
    • Economic history
    • Macroeconomics and monetary economics
    • Microeconomics
    • Tourism
Keywords
game theory insolvency bankruptcy
 
Project description

The efficiency of the Belgian insolvency regulation is analyzed using game theory and econometrics. The research primarily focuses on indirect bankruptcy costs like the excessive continuation of a reorganization procedure, the definitive loss of claims (the inverse of recovery rates), and value-destroying actions under insolvency procedures.