The effects of the 2005 Bankruptcy Reform in Brazil
Bruno Funchal ()
Economics Letters, 2008, vol. 101, issue 1, 84-86
Abstract:
This paper studies the effect of the 2005 Bankruptcy Reform in Brazil. Using firm-level data we found that the increase in the level of creditors' protection reduced the cost of debt and increased the amount borrowed by the firms.
Keywords: Credit; Bankruptcy (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:101:y:2008:i:1:p:84-86
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