Research on Risk Management Published by Researchers at Corvinus University (The Leniency of Personal Bankruptcy Regulations in the EU Countries): Insurance – Risk Management

2021 OCT 07 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- A new study on insurance is now available. According to news reporting from Budapest, Hungary, by NewsRx journalists, research stated, “Discussions on personal bankruptcy regulations are usually focused on the controversial effects of leniency on society, economy, financial markets, entrepreneurship, and labour supply.”

Financial supporters for this research include Higher Education Institutional Excellence Program 2020 of the Ministry of Innovation of Hungary.

Our news journalists obtained a quote from the research from Corvinus University: “However, the methodology of measuring leniency has been limited to one-time legislative changes or some elements of the US personal bankruptcy system. In contrast, we create a composite index of personal bankruptcy legislations. We calculate the composite index for 25 EU countries and the US as a benchmark, validate the results, and rank the countries according to the leniency of their personal bankruptcy systems. We analyse the index scores by region, law origin, and the age of the regime. We conclude that the systems show high heterogeneity and cannot be clustered by region or legal origin assumed based on former studies. However, there is a strong association between leniency and the age of legislation.”

According to the news reporters, the research concluded: “Results indicate that personal bankruptcy policies in the EU are usually launched as creditor-friendly and are later shifted to a more lenient direction.”

For more information on this research see: The Leniency of Personal Bankruptcy Regulations in the EU Countries. Risks, 2021,9(162):162. (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks9090162.

Our news editors report that additional information may be obtained by contacting Gyorgy Walter, Department of Finance, Corvinus University, Fovam ter 8, 1093 Budapest, Hungary. Additional authors for this research include Jens Valdemar Krenchel.

(Our reports deliver fact-based news of research and discoveries from around the world.)