Jump to ContentJump to Main Navigation
International FinanceA Survey$
Users without a subscription are not able to see the full content.

H. Kent Baker and Leigh A. Riddick

Print publication date: 2012

Print ISBN-13: 9780199754656

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199754656.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 14 April 2021

Business Bankruptcies across Countries and the Law

Business Bankruptcies across Countries and the Law

(p.523) 25 Business Bankruptcies across Countries and the Law
International Finance


Oxford University Press

Comparisons between countries and over time indicate large differences in business bankruptcy rates. Standard causes of bankruptcy, which leave no explicit role for institutions and the law, do not adequately account for these differences. This chapter uses the arithmetic of bankruptcy rates to sort out and classify potential sources of variations in bankruptcy rates, distinguishing stock from flow variables and business bankruptcy from other business failures. It then relates cross-country differences in business bankruptcy rates to differences in the characteristics of country laws as well as basic aspects of production including organization and financing.

Keywords:   business bankruptcy, bankruptcy law, liquidation, reorganizations, competition

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .