Hypotheses - Effects of bankruptcy systems on performance and other incentive mechanisms in corporate governance

Table: Hypotheses - Effects of bankruptcy systems on performance and other incentive mechanisms in corporate governance

Click here to see an exhibition on these issues and their relation to other hypotheses in corporate governance.

7) From bankruptcy system to financial performance

7A: The US chapter 11 protections of managers and equity owners may increase financial performance by making it less likely that ‘going concern’ values are lost as a result of bankruptcy.