Juízes e resultados de processos em recuperação judicial

Abstract

This paper seeks to analyze, based on the judicial plans already concluded, whether due to the termination of the process or the decree of bankruptcy, the probability of bankruptcy of the company exploring the heterogeneity of the judges, through a variable of interest, and control variables to capture the complexity of each process, in an attempt to seek the relationship between judges and the results of the proceedings under judicial recovery, in addition to the total time of the process in each procedural stage. Using a sample of 344 judicial reorganization processes, from the period 2005 to 2017, the results indicate that despite the differences between judges, there is a lower probability of bankruptcy of companies when it comes to economic groups and changes, through additives, in judicial reorganization plans now approved by the general meeting of creditors. On the other hand, when analyzing the total time of the process in the procedural stages, the results indicate that in addition to the differences, there are also divergences of criteria between the judges