An empirical analysis of India’s insolvency code: perspectives based on ex-post economic efficiency
Sunaina Kanojia,
Shasta Gupta
Abstract:Purpose
This study aims to analyse the outcomes of Indian insolvency proceedings for their ex-post economic efficiency. Ideally, insolvent yet viable companies should witness resolution, whereas insolvent-unviable companies should be liquidated. This study aims to ascertain the key forces that ensure or prevent the application of the first part of this maxim in practice.
Design/methodology/approach
The study uses logistic regression on a sample of 320 corporate insolvencies (out of 942 insolvencies) reported… Show more
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