How do insolvency codes affect a firm’s investment?

Pindado García, Julio; Rodrigues, Luis; De la Torre, Chabela

doi:10.1016/j.irle.2008.08.001

Título

How do insolvency codes affect a firm’s investment?

dc.contributor.author	Pindado García, Julio
dc.contributor.author	Rodrigues, Luis
dc.contributor.author	De la Torre, Chabela
dc.date.accessioned	2022-05-17T08:33:30Z
dc.date.available	2022-05-17T08:33:30Z
dc.date.issued	2008
dc.identifier.citation	Pindado, Julio., Rodrigues, Luis., De la Torre, Chabela. (2015). How do insolvency codes affect a firm’s investment?. International Review of Law and Economics, 28(4) , pp. 227–238. doi.org/10.1016/j.irle.2008.08.001	es_ES
dc.identifier.issn	0144-8188
dc.identifier.uri	http://hdl.handle.net/10366/149752
dc.description.abstract	[EN] This paper provides an ex ante analysis of the effect of financial insolvency codes on investment by examining the main characteristics embodied in several codes that may cause investment distortions. The results from the estimation of an extended version of the q model of investment show a negative relationship between ex ante insolvency costs and investment. Furthermore, most of the analysed characteristics of insolvency codes negatively impact on investment; however, the magnitude of this effect is greater concerning those of reorganization without creditors’ consent and creditors’ lack of control, as compared to those of automatic stay and the violation of absolute priority.	es_ES
dc.language.iso	eng	es_ES
dc.publisher	Elsevier	es_ES
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Insolvency codes	es_ES
dc.subject	Investment	es_ES
dc.subject	Insolvency costs	es_ES
dc.title	How do insolvency codes affect a firm’s investment?	es_ES
dc.type	info:eu-repo/semantics/article	es_ES
dc.relation.publishversion	https://doi.org/10.1016/j.irle.2008.08.001	es_ES
dc.subject.unesco	5311.02 Gestión Financiera	es_ES
dc.subject.unesco	5307.13 Teoría de la Inversión	es_ES
dc.subject.unesco	5311 Organización y Dirección de Empresas	es_ES
dc.identifier.doi	10.1016/j.irle.2008.08.001
dc.rights.accessRights	info:eu-repo/semantics/openAccess	es_ES
dc.journal.title	International Review of Law and Economics	es_ES
dc.volume.number	28	es_ES
dc.issue.number	4	es_ES
dc.page.initial	227	es_ES
dc.page.final	238	es_ES
dc.type.hasVersion	info:eu-repo/semantics/publishedVersion	es_ES