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...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/49878 |
| _version_ | 1848758339150807040 |
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| author | Lee, S. Yamakawa, Y. Peng, Mike Barney, J. |
| author_facet | Lee, S. Yamakawa, Y. Peng, Mike Barney, J. |
| author_sort | Lee, S. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | 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 potentially high-return but inherently high-risk opportunities to start new businesses. Amassing a cross-country database from 29 countries spanning 19. years (1990-2008), we find that lenient, entrepreneur-friendly bankruptcy laws are significantly correlated with the level of entrepreneurship development as measured by the rate of new firm entry. |
| first_indexed | 2025-11-14T09:42:25Z |
| format | Journal Article |
| id | curtin-20.500.11937-49878 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:42:25Z |
| publishDate | 2011 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-498782018-03-29T09:07:07Z How do bankruptcy laws affect entrepreneurship development around the world? Lee, S. Yamakawa, Y. Peng, Mike Barney, J. 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 potentially high-return but inherently high-risk opportunities to start new businesses. Amassing a cross-country database from 29 countries spanning 19. years (1990-2008), we find that lenient, entrepreneur-friendly bankruptcy laws are significantly correlated with the level of entrepreneurship development as measured by the rate of new firm entry. 2011 Journal Article http://hdl.handle.net/20.500.11937/49878 10.1016/j.jbusvent.2010.05.001 restricted |
| spellingShingle | Lee, S. Yamakawa, Y. Peng, Mike Barney, J. How do bankruptcy laws affect entrepreneurship development around the world? |
| title | How do bankruptcy laws affect entrepreneurship development around the world? |
| title_full | How do bankruptcy laws affect entrepreneurship development around the world? |
| title_fullStr | How do bankruptcy laws affect entrepreneurship development around the world? |
| title_full_unstemmed | How do bankruptcy laws affect entrepreneurship development around the world? |
| title_short | How do bankruptcy laws affect entrepreneurship development around the world? |
| title_sort | how do bankruptcy laws affect entrepreneurship development around the world? |
| url | http://hdl.handle.net/20.500.11937/49878 |