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Personal Bankruptcy Law, Wealth and Entrepreneurship : Theory and Evidence from the Introduction of a 'Fresh Start'

Fossen, Frank M. - 2011

A personal bankruptcy law that allows for a "fresh start" after bankruptcy reduces the individual risk involved in … entrepreneurial activity. On the other hand, as risk shifts to creditors who recover less of their credit after a debtor's bankruptcy … forgiving personal bankruptcy law are less relevant for wealthy potential entrepreneurs who still risk losing their wealth, but …

Persistent link: https://www.econbiz.de/10013130785

Not so Lucky Any More : CEO Compensation in Financially Distressed Firms

Kang, Qiang; Mitnik, Oscar A. - 2021

There is a debate on whether executive pay reflects rent extraction due to "managerial power" or is the result of arms-length bargaining in a principal-agent framework. In this paper we offer a test of the managerial power hypothesis by empirically examining the CEO compensation of U.S. public...

Persistent link: https://www.econbiz.de/10013324758

SME Policy and Firms’ Productivity in Latin America

Ibarraran, Pablo - 2009

Very little is known about the effectiveness of SME policies, and a careful look at the structure, mechanisms and incentives provided by these policies suggest caution in their implementation and, most importantly, the need to carefully and closely monitor their results. This paper relies on the...

Persistent link: https://www.econbiz.de/10013155323

The Investment in Job Training : Why are SMES Lagging so Much Behind?

Almeida, Rita - 2010

This paper analyzes the link between firm size and the investment in job training by employers. Using a large firm level data set across 99 developing countries, we show that a strong and positive correlation in the investment in job training and firm size is a robust statistical finding both...

Persistent link: https://www.econbiz.de/10013141741

The Impact of Covid-19 on Small Business Owners : Evidence of Early-Stage Losses from the April 2020 Current Population Survey

Fairlie, Robert W. - 2020

Social distancing restrictions and demand shifts from COVID-19 are expected to shutter many small businesses, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using...

Persistent link: https://www.econbiz.de/10012831977

When Credit Dries Up : Job Losses in the Great Recession

Bentolila, Samuel - 2013

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...

Persistent link: https://www.econbiz.de/10013071423

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Goolsbee, Austan - 2015

This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S....

Persistent link: https://www.econbiz.de/10013026436

Credit Constraints and ProductiveEntrepreneurship in Africa

Baliamoune-Lutz, Mina; Brixiova, Zuzana; Ndikumana, Leonce - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011

credit information and the strength of legal rightspertaining to collateral and bankruptcy) would stimulate productive …

Persistent link: https://www.econbiz.de/10009486997

The NAFTA Tide: Lifting the Larger and Better Boats

Calderon-Madrid, Angel; Voicu, Alexandru - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

We use panel data on Mexican manufacturing plants to study the connection between plants´responses to changes in the economic environment and their contributions to aggregateproductivity growth in the period following the implementation of the North American TradeAgreement (NAFTA)...

Persistent link: https://www.econbiz.de/10005861180

An Empirical Assessment of Assortative Matchingin the Labor Market

Mendes, Rute; Berg, Gerard J. van den; Lindeboom, Maarten - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

In labor markets with worker and firm heterogeneity, the matching between firms and workersmay be assortative, meaning that the most productive workers and firms team up. Weinvestigate this with longitudinal population-wide matched employer-employee data fromPortugal...

Persistent link: https://www.econbiz.de/10005861854

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