| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6034 |
| DP6034 Active Labour Market Policy Effects for Women in Europe - A Survey | |
| Gerard Van den Berg; Annette Bergemann | |
| 发表日期 | 2007-01-07 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in 1998. We find that regional political characteristics affected judicial decisions about the numbers and types of bankruptcy procedures initiated after the law took effect. In particular, controlling for indicators of firms? insolvency and the quality of the regional judiciary, reorganization procedures were significantly more frequent in regions with politically popular governors and governors who had hostile relations with the federal government. Poor judicial quality was also associated with higher incidence of reorganizations. In addition, the quality of the regional judiciary affected performance of firms in reorganization procedure: in regions with poor judicial quality firms in reorganization significantly underperformed firms not in bankruptcy; while the opposite was true in regions with high-quality judges. The effect of judicial quality on restructuring is particularly strong in regions with politically popular governors because the judicial bias in governor?s favor is the highest in poor-quality courts when governors are popular. This evidence is consistent with previously reported anecdotes, which suggested that politically strong regional governors used bankruptcy proceedings to protect firms from paying federal taxes. |
| 主题 | Development Economics ; Public Economics |
| 关键词 | Bankruptcy Capture Incentives Regional governments Russia Transition |
| URL | https://cepr.org/publications/dp6034 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534868 |
| 推荐引用方式 GB/T 7714 | Gerard Van den Berg,Annette Bergemann. DP6034 Active Labour Market Policy Effects for Women in Europe - A Survey. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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