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An Analysis of state-wide variation in bankruptcy rates in the United States

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While not discounting non-quantifiable legal cultural variables, the present study is an advance over previous empirical work dealing with statewide variations in bankruptcy filing rates in at least three ways. First, we include a larger menu of both legal and economic explanatory variables than in pevious studies. Second, we employ a larger and more recent data set. Third, both chapter 7 and chaprter 13 filings are studied and, unlike previous work, the explanatory power of our model is comparatively high. We begin by briefly reviewing the related literature in section II. Section III describes the data utilized in this study, and the construction of econometric variables. This is followed in section IV by a discussion of the methodology employed. Our results are discussed in section V. The concluding section suggests avenues fo future research in this area

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp1996/96-43.pdf

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Copyright INSEAD. All rights reserved