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- W2030185399 endingPage "520" @default.
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- W2030185399 abstract "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." @default.
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- W2030185399 date "2011-09-01" @default.
- W2030185399 modified "2023-09-30" @default.
- W2030185399 title "How do bankruptcy laws affect entrepreneurship development around the world?" @default.
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- W2030185399 doi "https://doi.org/10.1016/j.jbusvent.2010.05.001" @default.
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