Publication Type
Blog Post
Version
acceptedVersion
Publication Date
9-2020
Abstract
Corporate insolvency law can serve as a powerful mechanism to promote economic growth. Ex ante, a well-functioning insolvency framework can facilitate entrepreneurship, innovation and access to finance. Ex post, corporate insolvency law can perform several functions, including the reorganization of viable companies in financial distress, the liquidation of non-viable businesses in a fair and efficient manner, and the maximization of the returns to creditors. Therefore, if having an efficient corporate insolvency framework is essential for any country, it becomes even more important for emerging economies due to their potential for growth and their greater financial needs.
Keywords
insolvency law, corporate law
Discipline
Business Organizations Law | Commercial Law
Research Areas
Corporate, Finance and Securities Law
Publisher
Taylor & Francis (Routledge): STM, Behavioural Science and Public Health Titles
Citation
Aurelio GURREA-MARTINEZ.
Insolvency law in emerging markets. (2020).
Available at: https://ink.library.smu.edu.sg/sol_research/3704
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://blogs.harvard.edu/bankruptcyroundtable/2020/09/15/insolvency-law-in-emerging-markets/