An Economic Analysis of Bankruptcy and Financial Reorganization in Australia

我们研究的问题，是否新的澳大利亚破产法是过于宽松的公司在财务困难。我们将收集大量破产公司的详细经济数据，并使用这些数据来衡量澳大利亚破产制度的绩效。其结果将是一个更完整的理解破产法如何拯救可行的公司，并消除效率低下的公司。该项目将协助决策者设计破产法。国家的利益将是一个破产制度，它平衡了给予创新企业家第二次机会的必要性和 鼓励太多不赚钱的公司继续浪费 资源

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 encouraging too many unprofitable firms to limp on and waste resources.