出版社：Conferencia Academica Permanente de Investigacion Contable
摘要：In this work we analyze the direct cost of the Chilean Bankruptcy Law and discuss the potential efficiency problems in
the design of such system and its effects in continuity of the firm. Using two new databases of Chilean firms, we build several
measures to quantify the direct cost and the fraction of the bankruptcy revenue used in paying debts. Our work concludes
that the Chilean Bankruptcy Law present important inefficiencies that deserve to be reformed to improve the microeconomic
performance of the firms.
关键词：bankruptcy law, economic efficiency, cost of bankruptcy.
