Corporate Bankruptcies in Germany. - Recovery Rates in Insolvency Plans.

German corporate bankruptcies are rarely investigated in economic literature. One main reason is the lack of available data. Furthermore, data quality is quite often poor. Thus, despite the high economic relevance, it is very difficult to explore the division of value in corporate bankruptcies or efficiency effects of insolvency law.This study provides a deeper insight into the economics of corporate reorganizations. Theoretical models that were mainly developed for the US legislation are discussed against the background of German bankruptcy law. By analyzing a unique data set of formal reorganization procedures in Germany between 1999 and 2012, the study identifies factors that influence the extent of recovery rates.

List of contents

I IntroductionII Efficiency of Insolvency LawsEx-post Efficiency - Ex-ante EfficiencyIII Overview of the German and the US Insolvency LawGerman Procedure - US Procedure - Legal Differences between Germany and the USIV Empirical Evidence for Corporate BankruptciesExtent of Recovery Rates - Influencing Factors on Recovery Rates - Evidence for GermanyV Analysis of German Reorganization ProceduresResearch Design - Data AnalysisVI ConclusionReferences

Product details

• Authors: Barbara Flaig
• Publisher: Wissenschaft & Praxis
• Languages: English
• Product format: Paperback / Softback
• Released: 09.06.2017
• EAN: 9783896737342
• ISBN: 978-3-89673-734-2
• No. of pages: 138
• Dimensions: 149 mm x 210 mm x 9 mm
• Weight: 230 g
• Illustrations: 31 Tab., 11 Abb. (darunter 5 farbige); 138 S., 6 schw.-w. Abb., 5 farb. Abb., 31 schw.-w. Tab.
• Series: Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim; Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim
• Subject: Social sciences, law, business > Business > Business administration