A review of bankruptcy literature: a law and finance approach

Boughanmi, Afef; Nigam, Nirjhar

doi:10.3917/ror.082.0063

Cited by 1 publication

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“…3 With elaborative discussion on EoDB indices impacting country ranking and its contribution to economic growth, a deeper insight into research aspects of the insolvency resolution legal framework brings limited studies for review. A comprehensive review of bankruptcy law by Boughanmi and Nirjhar (2013) analyzed the efficiency and quality of bankruptcy law in various countries. The revelation was that corporations would protect themselves against creditors, recover from financial distress, and maintain a changing environment in the globalized economy.…”

Section: Literature Review and Research Gapmentioning

confidence: 99%

Insolvency resolution and doing business reforms in BRICS Nations: A comparative study

Chawla¹,

Kumar²,

Patel

2022

Preprint

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This paper analyzes the factors responsible for the efficacy of resolving insolvency issues, influencing the ease of doing business (EoDB) ranking in the BRICS (Brazil-Russia-India-China-South Africa) nations' context, focusing on India. Besides, the study examines the legal framework and judicial decisions on insolvency resolution that boost stakeholders' confidence and improve the business environment. We applied descriptive statistics, the analytical hierarchy process (AHP), and the fuzzy analytical hierarchy process (F-AHP) to analyze and interpret the findings. The key results show that insolvency resolution has been one of the priorities of the governments of Brazil, Russia, and China for almost a decade. Resolving insolvency is the prime factor responsible for India's rank improvement, whereas it is not a priority for South Africa. The AHP calculations prove the Indian government's commitment to insolvency resolution, syncing with experts' opinions. Future EoDB studies concerning other nations may employ the AHP techniques, bringing new results.. The findings add value to the knowledge base on insolvency resolution, contributing to the EoDB ranking vis-a-vis the business environment and providing a broader implication for further research.

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Section: Literature Review and Research Gapmentioning

confidence: 99%