Publication:
Saving Viable Businesses : The Effect of Insolvency Reform

dc.contributor.authorKlapper, Leora
dc.date.accessioned2012-08-13T14:00:46Z
dc.date.available2012-08-13T14:00:46Z
dc.date.issued2011-09
dc.description.abstractThe 2008 financial crisis and consequent rise in corporate insolvencies highlight the clear need for efficient bankruptcy systems to liquidate unviable firms and reorganize viable ones and to do so in a way that maximizes the proceeds for creditors, shareholders, employees, and other stakeholders. This note summarizes the empirical literature on the effect of insolvency reforms on economic and financial activity. Overall, research suggests that effective reforms increase timely repayments, reduce the cost of credit, and lower the rate of liquidation among distressed firms.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/09/16198955/saving-viable-businesses-effect-insolvency-reform
dc.identifier.doi10.1596/11056
dc.identifier.urihttps://hdl.handle.net/10986/11056
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint: Public Policy for the Private Sector; Note No. 328
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTANCY
dc.subjectACCOUNTS PAYABLE
dc.subjectALTERNATIVE TO LIQUIDATION
dc.subjectASSET SALES
dc.subjectBANK LOANS
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY ABUSE
dc.subjectBANKRUPTCY CODE
dc.subjectBANKRUPTCY COSTS
dc.subjectBANKRUPTCY FILINGS
dc.subjectBANKRUPTCY INSTITUTE
dc.subjectBANKRUPTCY LAW
dc.subjectBANKRUPTCY LAW REFORM
dc.subjectBANKRUPTCY LAWS
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKRUPTCY PROCEEDINGS
dc.subjectBANKRUPTCY RATES
dc.subjectBANKRUPTCY REFORM
dc.subjectBANKRUPTCY REGIMES
dc.subjectBANKRUPTCY SYSTEM
dc.subjectBANKRUPTCY SYSTEMS
dc.subjectBARRIER
dc.subjectBORROWER
dc.subjectBORROWER BEHAVIOR
dc.subjectBORROWING
dc.subjectBUSINESS BANKRUPTCY
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSUMER PROTECTION
dc.subjectCORPORATE BANKRUPTCIES
dc.subjectCOST OF BANKRUPTCY
dc.subjectCOST OF DEBT
dc.subjectCREDIBILITY
dc.subjectCREDIT CARD
dc.subjectCREDIT CARD DEBT
dc.subjectCREDIT CARDS
dc.subjectCREDIT DECISIONS
dc.subjectCREDITOR
dc.subjectCREDITOR PROTECTION
dc.subjectCREDITORS
dc.subjectDEBT
dc.subjectDEBT RECOVERY
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBTOR
dc.subjectDEBTORS
dc.subjectECONOMICS
dc.subjectEFFECT OF INSOLVENCY
dc.subjectEFFECTIVE INSOLVENCY
dc.subjectENFORCEMENT MECHANISMS
dc.subjectESTATE
dc.subjectFAILURE RATE
dc.subjectFAILURE RATES
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DISTRESS
dc.subjectFORECLOSURE
dc.subjectIMPACT OF DEBT
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINDIVIDUAL BANKRUPTCY
dc.subjectINSOLVENCY FRAMEWORKS
dc.subjectINSOLVENCY LAWS
dc.subjectINSOLVENCY REFORM
dc.subjectINSOLVENCY REFORMS
dc.subjectINSOLVENCY REGIMES
dc.subjectINSOLVENT
dc.subjectINSOLVENT FIRMS
dc.subjectINSURANCE
dc.subjectINTEREST EXPENSE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTMENT CLIMATE
dc.subjectJUDICIAL ENFORCEMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGAL REFORM
dc.subjectLENDERS
dc.subjectLEVEL OF CREDIT
dc.subjectLIMITED LIABILITY
dc.subjectLIQUIDATION
dc.subjectLIQUIDATION REORGANIZATION
dc.subjectLIQUIDATIONS
dc.subjectLOAN
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN REPAYMENT
dc.subjectLONG-TERM DEBT
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMORTGAGE
dc.subjectNONPERFORMING LOANS
dc.subjectPERSONAL BANKRUPTCY
dc.subjectPERSONAL BANKRUPTCY LAWS
dc.subjectPERSONAL LIABILITY
dc.subjectPOLITICAL ECONOMY
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPUBLIC POLICY
dc.subjectQUALITY OF BANKS
dc.subjectREORGANIZATION
dc.subjectREORGANIZATION PLANS
dc.subjectREORGANIZATION PROCESS
dc.subjectREORGANIZATIONS
dc.subjectREPAYMENT
dc.subjectREPAYMENT RATES
dc.subjectREPAYMENTS
dc.subjectSAVINGS
dc.subjectSUPPLY OF CREDIT
dc.subjectVIABLE BUSINESSES
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.titleSaving Viable Businesses : The Effect of Insolvency Reformen
dspace.entity.typePublication
okr.date.disclosure2012-04-02
okr.date.doiregistration2025-04-29T09:55:32.141140Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2011/09/16198955/saving-viable-businesses-effect-insolvency-reform
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid849681468156567802
okr.identifier.externaldocumentum000386194_20120403014911
okr.identifier.internaldocumentum16198955
okr.identifier.report67804
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/04/03/000386194_20120403014911/Rendered/PDF/678040VP00PUBL0280Saving0Businesses.pdfen
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Deposit Insurance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitDECRG: Finance & Priv Sec Devt (DECFP)
okr.volume1 of 1
relation.isAuthorOfPublicatione0a9502f-8574-53b5-bf27-732f5a6026e2
relation.isAuthorOfPublication.latestForDiscoverye0a9502f-8574-53b5-bf27-732f5a6026e2
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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