How do bankruptcy laws affect entrepreneurship development around the world?

How do bankruptcy laws as formal institutions affect entrepreneurship development around the world? Do entrepreneur-friendly bankruptcy laws encourage more entrepreneurship development at a societal level? We posit that if bankrupt entrepreneurs are excessively punished for failure, they may give up...

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Bibliographic Details
Main Authors: Lee, S., Yamakawa, Y., Peng, Mike, Barney, J.
Format: Journal Article
Published: 2011
Online Access:http://hdl.handle.net/20.500.11937/49878