An autonomous research institute under the Ministry of Finance

 

Posts by Dhananjay Ghei

Methods for measurement of delays in the bankruptcy process

25/11/2016

When dealing with distress, the single big idea for avoiding value destruction is speed of action. Delays destroy value. When we cope with failing firms (through a bankruptcy code) or failing banks (through a resolution corporation), the measure of institutional quality is the recovery rate, and the key determinant of ...

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