Does cultural economics affect country’s competitiveness?

Abstract

The Insolvency and Bankruptcy Code (IBC), 2016 represents a landmark reform aimed at strengthening India's insolvency framework and improving the Ease of Doing Business (EoDB). This study critically evaluates the effectiveness of the IBC by examining the influence of insolvency resolution efficiency, creditor protection, recovery rate, institutional effectiveness, and resolution time on the business environment. Employing a quantitative research design, primary data were collected from 384 professionals associated with insolvency and corporate restructuring using a structured questionnaire. Statistical analysis using IBM SPSS, including descriptive statistics, reliability analysis, correlation, regression, and ANOVA, reveals that all five dimensions significantly and positively affect EoDB. The findings highlight insolvency resolution efficiency as the strongest predictor and suggest policy measures to enhance institutional capacity, expedite case resolution, and strengthen India's investment climate.

Keyword : Insolvency and Bankruptcy Code, ANOVA, Creditor Protection