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Bankruptcy Law Severity for Debtors: Comparative Analysis Among Selected Countries

Abstrakt

Purpose: The objective of this paper is to propose the new indicator of bankruptcy law severity for debtors (BLSI-Bankruptcy Law Severity Index). On the basis of this index we conducted comparative analysis of debtor/creditor friendliness of bankruptcy laws among 27 selected countries. Design/Methodology/Approach: In the research the following methods were used: analysis of legal acts, literature review and expert method. Findings: The empirical results show that the most debtor-friendly bankruptcy and restructuring laws are those of the USA, Ireland and Canada. At the opposite pole were Slovenia, Australia and Austria. It can also be noted that many EU countries have a similar level of BLSI measure, which is most likely a consequence of harmonisation activities undertaken within the Community. Practical Implications: The conducted research enables us to propose the direction of changes in bankruptcy and restructuring laws in the next stage. Originality/value: On the basis of proposed BLSI, we will be able to examine the relationship between the severity of bankruptcy law and innovation, entrepreneurship and the level of development of financial markets in the studied countries.

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Wersja publikacji
Accepted albo Published Version
Licencja
Copyright (2020 European Reasearch Studies Journal)

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Informacje szczegółowe

Kategoria:
Publikacja w czasopiśmie
Typ:
artykuły w czasopismach
Opublikowano w:
European Research Studies Journal nr XXIII, strony 659 - 686,
ISSN: 1108-2976
Język:
angielski
Rok wydania:
2020
Opis bibliograficzny:
Morawska S., Prusak B., Banasik P., Pustułka K., Groele B.: Bankruptcy Law Severity for Debtors: Comparative Analysis Among Selected Countries// European Research Studies Journal -Vol. XXIII,iss. 2 (2020), s.659-686
DOI:
Cyfrowy identyfikator dokumentu elektronicznego (otwiera się w nowej karcie) 10.35808/ersj/1847
Weryfikacja:
Politechnika Gdańska

wyświetlono 24 razy

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