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• W2160051017 abstract "Abstract We explore the link between bankruptcy laws and entrepreneurship in the U.S states. Using two measures of entrepreneurship capturing alternative conceptions of this phenomenon, we find that bankruptcy laws more favorable to debtors lead to increased levels of self-employment in some cases, though the effect is non-monotonic in the level of assets protected by the law. Counter to the conventional wisdom, however, more generous laws are linked to lower levels of “innovative” entrepreneurship. The paper concludes by suggesting why developing more refined measures of entrepreneurship is necessary to better understand the impact of public policies on this most vital of human activities." @default.
• W2160051017 created "2016-06-24" @default.
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• W2160051017 date "2011-03-16" @default.
• W2160051017 modified "2023-10-05" @default.
• W2160051017 title "Bankruptcy Law and Entrepreneurship" @default.
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• W2160051017 doi "https://doi.org/10.2202/2157-5665.1013" @default.
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