German corporate bankruptcies are rarely investigated in economic literature. One main reason is the lack of available data. Furthermore, data quality is quite often poor. Thus, despite the high economic relevance, it is very difficult to explore the division of value in corporate bankruptcies or efficiency effects of insolvency law.
This study provides a deeper insight into the economics of corporate reorganizations. Theoretical models that were mainly developed for the US legislation are discussed against the background of German bankruptcy law. By analyzing a unique data set of formal reorganization procedures in Germany between 1999 and 2012, the study identifies factors that influence the extent of recovery rates.
Reihe
Thesis
Dissertationsschrift
2016
Universität Hohenheim
Sprache
Verlagsort
Dateigröße
ISBN-13
978-3-89644-734-0 (9783896447340)
DOI
10.3790/978-3-89673-734-2
Schweitzer Klassifikation
I Introduction
II Efficiency of Insolvency Laws
Ex-post Efficiency - Ex-ante Efficiency
III Overview of the German and the US Insolvency Law
German Procedure - US Procedure - Legal Differences between Germany and the US
IV Empirical Evidence for Corporate Bankruptcies
Extent of Recovery Rates - Influencing Factors on Recovery Rates - Evidence for Germany
V Analysis of German Reorganization Procedures
Research Design - Data Analysis
VI Conclusion
References
