Abstract
The present study is aimed at understanding the concept of Optimal Bankruptcy Regime and its determinants in terms of merits and demerits. Its purely qualitative nature follows the method of synthesis of previous studies. The data is collected systematically from the secondary sources like J-gate, Research gate, Google Scholar, and Research Reports of the World Bank. Based on the relevance and significance of the study, around 40-50 research articles published during the period of 1970–2021 are considered. Keywords like optimal bankruptcy regime, determinants of optimal bankruptcy regime, efficient and effective bankruptcy regime are used for the selection of articles. An attempt is made to use Claessens and Klapper model of Optimal Bankruptcy Regime with necessary modifications to address the research question: What is an Optimal Bankruptcy Regime? And what are the determinants of the Optimal Bankruptcy Regime? in arriving at the objectives of the study. Although the present study is based on the synthesis of a small number (40-50) of previous studies, the study discusses what is necessary in terms of effective mechanism and rescuing system for the economies to do well. It further helps the governments in framing the insolvency law in such a way that it delivers the outcome that benefits not only the companies but also the creditors.
Presenters
N. V. V. Satyanarayana PuchakayalaStudent, Doctoral Scholar (Full Time), Bharathiar School of Management and Entrepreneur Development, Bharathiar University , Tamil Nadu, India Ramanujam Veluchamy
Associate Professor, Bharathiar School of Management and Entrepreneur Development, Bharathiar University, Tamil Nadu, India
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
OPTIMAL BANKRUPTCY REGIME, QUALITATIVE STUDY, ZOMBIE LENDING, ENTREPRENEURSHIP, AND LIQUIDATION
