Vintage Capital and Creditor Protection
We provide novel evidence linking the level of creditor protection provided by law to the degree of usage of technologically older, vintage capital in the airline industry. Using a panel of aircraft-level data around the world, we find that better creditor rights are associated with both aircraft of...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
National Bureau of Economic Research,
2011-06-16T15:37:14Z.
|
| Subjects: | |
| Online Access: | Get fulltext |