Open research questions in Corporate Insolvency and Governance
131 unresolved questions extracted from the limitations and future-work sections of 1,730 Corporate Insolvency and Governance papers in our library. Each links back to the study that raised it.
What the literature leaves open
The paper identifies a gap in the literature regarding the role of property income in states that hold substantial public assets. The study highlights the need to investigate the impact of cantonal bank profits on fiscal policymaking. The research aims to understand the relationship between government ideology and fiscal policy.
The gap in understanding the moral grounding of oppositional practices in the workplace. The lack of research on the role of moral sentiments in shaping workers' responses to radical changes in banking practices.
The critique of sales-driven performance models that fragment workplace solidarity and undermine the moral economy of banking has been well established in academic, policy, and media discourse. Yet, despite these criticisms, meaningful change has been slow, and a deeper cultural shift in the sector remains elusive. As this article shows, long-standing workers drawing on moral dispositions rooted in responsibility and care find themselves navigating individualised performance systems that prioritise short-term outcomes and disrupt relational forms of labour. More recently, calls for sustainable banking models represent a renewed push for more holistic and relationally informed performance frameworks that realign work organisation with values of customer trust, financial guidance, 25 Moral sentiments and oppositional practices in branch work: a moral economy approach and long-term engagement. Translating these aspirations into workplace practice requires combining industry-level commitments with meaningful organisational change. Structured career progression and ongoing training programmes that promote financial expertise, ethical competence, and collaborative retail knowledge could support such a transition. However, the success of such reforms depends on their alignment with workers’ own understandings of value and purpose. Bank workers must be meaningfully consulted and involved in shaping performance reform; otherwise, interventions risk appearing overly instrumental or disconnected from the moral dispositions that sustain employee engagement. A sustainable approach to performance management would not only acknowledge the existence of different moral economies but actively seek to build continuity between them, creating space for adaptation, reflection, and ethical renewal. For unions, the article underscores the importance of engaging with the moral dimensions of workplace resistance. Rather than focusing solely on the negotiation of targets and conditions, unions may find renewed relevance in articulating collective concerns about the erosion of professional values and relational labour. Campaigns that foreground fairness, justice, and dignity across both newer and more experienced cohorts can help foster a shared moral economy of banking work. Supporting mentorship, encouraging intergenerational dialogue, and strengthening collaborative infrastructures may further enable emerging solidarities, especially in workplaces where individualisation has weakened traditional forms of collective organisation. In this context, unions can be seen not only as defenders of employment conditions, but as curators of a broader moral framework for meaningful and sustainable work. Regulatory and policy frameworks also play a critical role in shaping whether and how a moral economy of banking can take root. The overemphasis on sales targets has contributed to precarious working conditions, the eros
The paper identifies a gap in the literature on the Insolvency and Bankruptcy Code's effectiveness. The paper highlights the need for further research on the Code's impact on MSMEs.
Insolvency and Bankruptcy Code, 2016: Regulatory Architecture, Judicial Evolution, and the role of Artificial Intelligence · 2026 · DOIFuture research can focus on the economic impact of asset stripping practices. Future research can analyze the effectiveness of the proposed reforms to the national bankruptcy law.
Perlindungan Hukum Kreditor terhadap Praktik Asset Stripping dalam Restrukturisasi Grup Perusahaan Multinasional: Studi Doktrin Cross-Border Insolvency dan Piercing the Corporate Veil · 2026 · DOIThe study identifies a research gap in the analysis of cross-border insolvency and the doctrine of piercing the corporate veil in Indonesian law. The study highlights the need for reforms to the national bankruptcy law to improve legal protection for creditors.
Perlindungan Hukum Kreditor terhadap Praktik Asset Stripping dalam Restrukturisasi Grup Perusahaan Multinasional: Studi Doktrin Cross-Border Insolvency dan Piercing the Corporate Veil · 2026 · DOIThe dualism between the state financial legal regime and the corporate law regime triggered chronic uncertainty. The legal position of state assets separated from State-Owned Enterprises was uncertain before the enactment of Law No. 16 of 2025.
Legal Certainty and the Status of Separated State Assets Following the Enactment of Law No. 16 of 2025 · 2026 · DOIThe complexity of the legal framework. The need for a clear understanding of the conditions for compensation. The potential for controversy in the practical application of this institution.
The lack of clarity on the conditions for compensation. The need for a comprehensive analysis of the institution of mutual claims compensation in insolvency proceedings.
The paper identifies a gap in the literature regarding the development of creditor protection laws. The paper discusses the evolution of creditor protection against debtors' fraudulent activities from Roman law to contemporary law.
Actio Pauliana : A Legal Remedy for Individual Creditors or for all the Creditors? From Roman Law to the Present Day · 2026 · DOIFuture research could explore the application of the concept of exceptio non numeratae pecuniae in other legal contexts. The study of Roman law and its historical context could be further developed.
The paper identifies a gap in understanding the evolution and application of the concept of exceptio non numeratae pecuniae. The research highlights the need for a comprehensive analysis of the concept's development and implications.
Further analysis of the effectiveness of different regulatory frameworks in achieving equilibrium between creditor and debtor interests. Examination of the impact of debt collection ethics on consumer financial well-being.
Debt Collector Ethics in Comparative Perspective Toward Balancing Creditor Interests and Consumer Protection · 2026 · DOIThe lack of a comprehensive regulatory instrument governing debt collection in Indonesia. The need for a systematic comparison of regulatory frameworks across jurisdictions.
Debt Collector Ethics in Comparative Perspective Toward Balancing Creditor Interests and Consumer Protection · 2026 · DOIThis research offers a focused legal analysis on the intersection between AYDA mechanisms and bankruptcy law, an area that remains relatively underexplored, particularly in relation to determining the status of transferred collateral within the bankruptcy estate.
The Legal Status of AYDA in Bankruptcy: Conflicts of Legal Norms and Implications for the Bankruptcy Estate · 2026 · DOIThe lack of a common international framework for cross-border maritime insolvency. The complexity of coordinating court systems and legal systems across multiple jurisdictions. The unique challenges of maritime insolvency, including ship arrest and maritime liens.
The lack of a common international framework for cross-border maritime insolvency. The inadequacy of existing legal frameworks in addressing the unique challenges of maritime insolvency. The need for maritime-specific provisions to supplement the UNCITRAL Model Law on Cross-Border Insolvency.
The gap between the formal bankruptcy law framework and its implementation in practice. The lack of understanding of how insolvency regimes redistribute the costs of financial distress.
Bankruptcy Law and the Redistribution of Distortion: A Comparative Law and Economics Analysis of Australia and China · 2026 · DOILittle research has been done on the dispersal of Ensor's works after 1920. The role of agents and collectors in Ensor's career is not well understood.
Ensor’s Agents and Collectors After 1920 and the Liquidation of His Estate upon His Death · 2026 · DOIThe paper's analysis is limited to the case law of the Court of Justice of the European Union. National case law is excluded from the analysis. The paper does not provide a comprehensive analysis of the European Insolvency Regulation or the Brussels Ia Regulation.
Further research could analyze the application of the European Insolvency Regulation and the Brussels Ia Regulation in practice. The implications of the insolvency exception for cross-border insolvency proceedings could be explored. The paper's framework for determining the scope of the insolvency exception could be tested and refined through further analysis.
The implementation of cross-border insolvency. The improvement of the NCLT benches to reduce delays in the insolvency resolution process.
The lack of a unified framework for insolvency and bankruptcy proceedings prior to the introduction of the Insolvency and Bankruptcy Code 2016. The need for a framework for cross-border insolvency implementation.
The study highlights the challenge of balancing business rescue with creditor protection. The research identifies the need for a clear understanding of the legal framework for debtor liability and bankruptcy.
Debtor Liability for Non-Performance of a Homologated Composition Agreement: Analysis Of Central Jakarta Commercial Court Decision No. 31/Pdt.Sus-Pembatalan Perdamaian/2023 · 2026 · DOIFuture research can build on the proposed framework by testing its applicability in different cases. Future research can also explore the implications of the framework for practitioners in the field of law.
Research on the Limits of Actual Investors' Rights in Execution Objection Litigation over Nominee Equity Holding · 2026 · DOI
Most-cited papers in Corporate Insolvency and Governance
- Law and Finance · Journal of Political Economy · 1998 · 13,437 citations
- FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY · The Journal of Finance · 1968 · 12,146 citations
- Financial Intermediation and Delegated Monitoring · The Review of Economic Studies · 1984 · 5,388 citations
- MAKING FAST STRATEGIC DECISIONS IN HIGH-VELOCITY ENVIRONMENTS. · Academy of Management Journal · 1989 · 3,276 citations
- Agency Problems and Residual Claims · The Journal of Law and Economics · 1983 · 3,100 citations
- A Theory of Debt Based on the Inalienability of Human Capital · The Quarterly Journal of Economics · 1994 · 1,224 citations
- Optimal Debt Structure and the Number of Creditors · Journal of Political Economy · 1996 · 1,030 citations
- Covenants and Collateral as Incentives to Monitor · The Journal of Finance · 1995 · 860 citations
- Debt Enforcement around the World · Journal of Political Economy · 2008 · 685 citations
- Recombinant Property in East European Capitalism · American Journal of Sociology · 1996 · 680 citations
Most recent work
- Creditor Rights and Related-Party Transactions: Evidence from the Implementation of the Insolvency Reforms in India · The Accounting Review · 2026
- Consumer Choice and Corporate Bankruptcy · The Journal of Finance · 2026
- A Critical Analysis on the Scope of Related Party Transactions: A Possibility of Expansion · International Journal of Science and Research (IJSR) · 2026
- Insolvency and Bankruptcy Code, 2016: Regulatory Architecture, Judicial Evolution, and the role of Artificial Intelligence · International Journal For Multidisciplinary Research · 2026
- Plan Duration and Plan Performance in Personal Insolvency: Exploratory Empirical Evidence from Belgian Collective Debt Settlement · Journal of Consumer Policy · 2026
- Subordination of related party claims in insolvency: A suggestive framework for Asian regimes · International Insolvency Review · 2026
- Valuing Dissent: Reassessing Minimum Payouts under India’s Insolvency Regime · Law and Financial Markets Review · 2026
- Financial Restructuring in Turkey: Drawing Lessons from the EU · European Business Organization Law Review · 2026
- Régimen jurídico de los créditos contra la masa · Revista crítica de derecho inmobiliario/Revista crítica de derecho inmobiliario · 2026
- Perlindungan Hukum Kreditor terhadap Praktik Asset Stripping dalam Restrukturisasi Grup Perusahaan Multinasional: Studi Doktrin Cross-Border Insolvency dan Piercing the Corporate Veil · YASIN · 2026
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