The new Brazilian bankruptcy law: first impacts

The goal of this paper is to analyze the premiere effects of the New Brazilian Bankruptcy Law, measuring its impact over the amount of bankruptcies and judicial reorganizations, and the firms' access to credit. Making use of econometric models we find that the amount of bankruptcies (requested...

Descripción completa

Detalles Bibliográficos
Autores: Araujo, Aloisio, Funchal, Bruno
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2009
País:Brasil
Institución:EDITORA 34
Repositorio:Revista de Economia Política
Idioma:portugués
OAI Identifier:oai:ojs2.centrodeeconomiapolitica.org:article/493
Acceso en línea:https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/493
Access Level:acceso abierto
Palabra clave:crédito
falência
leis
credit
bankruptcy
law
id BR_4f9d96fd986522fe7baf012127461c0f
oai_identifier_str oai:ojs2.centrodeeconomiapolitica.org:article/493
network_acronym_str BR
network_name_str Brasil
repository_id_str
spelling The new Brazilian bankruptcy law: first impactsA nova lei de falências brasileira: primeiros impactoscréditofalêncialeiscreditbankruptcylawThe goal of this paper is to analyze the premiere effects of the New Brazilian Bankruptcy Law, measuring its impact over the amount of bankruptcies and judicial reorganizations, and the firms' access to credit. Making use of econometric models we find that the amount of bankruptcies (requested and decreed) suffered a strong and immediate impact, reducing it in a significant way as well as the requirement of judicial reorganizations. Finally, using sectorial aggregated credit data, we find an expansion of the credit market, mainly to commercial, rural and services sectors. Additionally we did not evidence changes at the average interest rate charged to firms. Jel Classification:O objetivo deste artigo é analisar os efeitos principais da Nova Lei Brasileira de Falências, medindo seu impacto sobre a quantidade de falências e reorganizações judiciais e o acesso das empresas ao crédito. Utilizando modelos econométricos, constatamos que a quantidade de falências (solicitada e decretada) sofreu um impacto forte e imediato, reduzindo-a de maneira significativa, bem como a exigência de recuperação judicial. Finalmente, usando dados de crédito agregados setoriais, encontramos uma expansão do mercado de crédito, principalmente para os setores comercial, rural e de serviços. Além disso, não evidenciamos alterações na taxa de juros média cobrada das empresas. Classificação JEL:Center of Political Economy2009-07-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/493Brazilian Journal of Political Economy; Vol. 29 No. 3 (2009): Jul-Sep / 2009; 191-212Brazilian Journal of Political Economy; v. 29 n. 3 (2009): Jul-Set / 2009; 191-2121809-45380101-3157reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_34porhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/493/492info:eu-repo/semantics/openAccessAraujo, AloisioFunchal, Bruno2020-10-19T15:19:34Zoai:ojs2.centrodeeconomiapolitica.org:article/493Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2020-10-19T15:19:34Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv The new Brazilian bankruptcy law: first impacts
A nova lei de falências brasileira: primeiros impactos
title The new Brazilian bankruptcy law: first impacts
spellingShingle The new Brazilian bankruptcy law: first impacts
Araujo, Aloisio
crédito
falência
leis
credit
bankruptcy
law
title_short The new Brazilian bankruptcy law: first impacts
title_full The new Brazilian bankruptcy law: first impacts
title_fullStr The new Brazilian bankruptcy law: first impacts
title_full_unstemmed The new Brazilian bankruptcy law: first impacts
title_sort The new Brazilian bankruptcy law: first impacts
dc.creator.none.fl_str_mv Araujo, Aloisio
Funchal, Bruno
author Araujo, Aloisio
author_facet Araujo, Aloisio
Funchal, Bruno
author_role author
author2 Funchal, Bruno
author2_role author
dc.subject.por.fl_str_mv crédito
falência
leis
credit
bankruptcy
law
topic crédito
falência
leis
credit
bankruptcy
law
description The goal of this paper is to analyze the premiere effects of the New Brazilian Bankruptcy Law, measuring its impact over the amount of bankruptcies and judicial reorganizations, and the firms' access to credit. Making use of econometric models we find that the amount of bankruptcies (requested and decreed) suffered a strong and immediate impact, reducing it in a significant way as well as the requirement of judicial reorganizations. Finally, using sectorial aggregated credit data, we find an expansion of the credit market, mainly to commercial, rural and services sectors. Additionally we did not evidence changes at the average interest rate charged to firms. Jel Classification:
publishDate 2009
dc.date.none.fl_str_mv 2009-07-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/493
url https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/493
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/493/492
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Center of Political Economy
publisher.none.fl_str_mv Center of Political Economy
dc.source.none.fl_str_mv Brazilian Journal of Political Economy; Vol. 29 No. 3 (2009): Jul-Sep / 2009; 191-212
Brazilian Journal of Political Economy; v. 29 n. 3 (2009): Jul-Set / 2009; 191-212
1809-4538
0101-3157
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
_version_ 1853662463210291200
score 15,127369

Similares en LA Referencia