Project: An economic analysis of the efficiency and bankruptcy costs of the Belgian insolvency regulation
- project duration
- 01-JAN-09 – 31-OCT-13
- The efficiency of the Belgian insolvency regulation is analyzed using game theory and econometrics. The research primarily focuses on indirect bankruptcy costs like the excessive continuation of a reorganization procedure, the definitive loss of claims (the inverse of recovery rates), and value-destroying actions under insolvency procedures.