| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12807 |
| 来源ID | Working Paper 12807 |
| Debt Enforcement Around the World | |
| Simeon Djankov; Oliver Hart; Caralee McLiesh; Andrei Shleifer | |
| 发表日期 | 2006-12-29 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We present insolvency practitioners from 88 countries with an identical case of a hotel about to default on its debt, and ask them to describe in detail how debt enforcement against this hotel will proceed in their countries. We use the data on time, cost, and the likely disposition of the assets (preservation as a going concern versus piecemeal sale) to construct a measure of the efficiency of debt enforcement in each country. We identify several characteristics of debt enforcement procedures, such as the structure of appeals and availability of floating charge finance, that influence efficiency. Our measure of efficiency of debt enforcement is strongly correlated with per capita income and legal origin and predicts debt market development across countries. Interestingly, it is also highly correlated with measures of the quality of contract enforcement and public regulation obtained in other studies. |
| 主题 | Financial Economics ; Corporate Finance ; Other ; Law and Economics |
| URL | https://www.nber.org/papers/w12807 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/570470 |
| 推荐引用方式 GB/T 7714 | Simeon Djankov,Oliver Hart,Caralee McLiesh,et al. Debt Enforcement Around the World. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12807.pdf（260KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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