Because entrepreneurship entails uncertainty, business failure is a common outcome for
entrepreneurs. When entrepreneurs encounter business failure, they carry a financial …

What signals quality for digital startups seeking access to external finance? Analyzing a
unique dataset from India, we investigate the impact of traditional quality signals (eg, the …

This work analyzes the relation between the judicial system and financial constraints,
investigating whether inefficiency in enforcing credit rights can amplify companies' difficulties …

This paper explores cross-country differences in the design of insolvency regimes, based on
quantitative indicators constructed from countries' responses to a recent OECD policy …

This paper develops an analytical framework to identify the policies relevant for firm exit and
the channels through which they shape aggregate productivity growth. A range of potentially …

We conjecture that angel investment in entrepreneurial firms depends on two types of
bankruptcy laws around the world. Corporate bankruptcy laws impact investor terms and …

Bankruptcy is the legal process by which financially distressed firms and individuals resolve
their debts. It is an important part of the legal environment for small business owners and …

Venture-backed startups famously aim for a successful" exit" by going public or selling to
another company through an acquisition deal and achieving financial return for all equity …

The literature review indicates that bankruptcy law may play an important role in and be one
of the factors influencing the development of entrepreneurship, innovation, and thus …

Germany experienced a unique rise in the level of self-employment in the first two decades
following unification. Applying the nonlinear Blinder–Oaxaca decomposition technique, we …