Insolvencia financiera en la Unión Europeaefecto de la legislación concursal sobre la valoración del mercado

  1. López Gutiérrez, Carlos
Supervised by:
  1. Myriam García Olalla Director

Defence university: Universidad de Cantabria

Fecha de defensa: 17 July 2005

  1. Prosper Lamothe Fernández Chair
  2. José María Sarabia Alzaga Secretary
  3. Alberto de Miguel Hidalgo Committee member
  4. Arturo Rodríguez Castellanos Committee member
  5. Eleuterio Vallelado González Committee member

Type: Thesis

Teseo: 126095 DIALNET lock_openUCrea editor


The aim of this Thesis is to analyse the implications of the orientation of the bankruptcy law over the market value, and its influence in the share of this value between the stakeholders of the firm. We try to specify the characteristics that affect the value of the firm by the efficiency of the law. Finally, we study the risk and the importance of the systematic and specific component. With an international empirical analysis, we get evidence about the relationship between the orientation of the bankruptcy law and the market value of insolvent firms, about he valuation of the different types of efficiency of the bankruptcy law and the relevance of the specific risk, which appears specially affected by the insolvency problems.