Rodano, Giacomo; Serrano-Velarde, Nicolas; Tarantino, … - IGIER (Innocenzo Gasparini Institute for Economic … - 2015
Exploiting the timing of the 2005-2006 Italian bankruptcy law reforms, we disentangle the effects of reorganization and liquidation in bankruptcy on bank financing nd firm investment. A 2005 reform introduces reorganization procedures facilitating loan renegotiation. The 2006 reform subsequently...