An Economic Analysis of Bankruptcy and Financial Reorganization in Australia [ 2006-07-26 - 2016-12-31 ]

Research Grant

Researchers: A/Prof Timothy Fisher (Chief Investigator) ,  Prof Kunal Sengupta (Chief Investigator)

Brief description An Economic Analysis of Bankruptcy and Financial Reorganization in Australia. We examine the question of whether the new Australian bankruptcy law is too lenient on firms in financial trouble. We will assemble detailed economic data on a large number of bankrupt firms and use the data to measure the performance of the Australian bankruptcy system. The outcome will be a more complete understanding of how bankruptcy law saves viable firms and eliminates inefficient firms. The project will assist policy-makers designing bankruptcy law. The national benefit will be a bankruptcy system that balances the need to give innovating entrepreneurs a second chance against the danger of\r\nencouraging too many unprofitable firms to limp on and waste\r\nresources.

Funding Amount $142,248

Funding Scheme Discovery Projects

View this grant in the ARC Data Portal