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Using U.S. Census firm-worker data, I document that firms' financial distress has an economically important effect on employee departures to entrepreneurship. The impact is amplified in the high-tech and service sectors, where employees are key assets. In states with enforceable noncompete...
Persistent link: https://www.econbiz.de/10012854608
Using U.S. Census firm-worker data, I document that firms' financial distress has an economically important effect on employee departures to entrepreneurship. The impact is amplified in the high-tech and service sectors, where employees are key assets. In states with enforceable noncompete...
Persistent link: https://www.econbiz.de/10012855884
Two recent papers examine the impact of corporate bankruptcy laws on new business start-ups in 29 countries over 1990 … bankruptcy laws over the years studied. It is statistically inappropriate and inaccurate to treat bankruptcy laws as time … invariant, as in Peng et al. (2010) and Lee et al. (2010), particularly in view of the dramatic changes in bankruptcy laws over …
Persistent link: https://www.econbiz.de/10010345098
Two recent papers examine the impact of corporate bankruptcy laws on new business start-ups in 29 countries over 1990 … bankruptcy laws over the years studied. It is statistically inappropriate and inaccurate to treat bankruptcy laws as time … invariant, as in Peng et al. (2010) and Lee et al. (2010), particularly in view of the dramatic changes in bankruptcy laws over …
Persistent link: https://www.econbiz.de/10013117667
percent of novice entrepreneurs who file for bankruptcy reestablish afterwards. On average, slightly more than 15 months will …
Persistent link: https://www.econbiz.de/10012727048
If an entrepreneur files for bankruptcy under Chapter 7, (i) most of her debt is discharged, and (ii) only her non …
Persistent link: https://www.econbiz.de/10012860929
technology to deal with private debt distress (bankruptcy technology), and obstacles to entrepreneurship (high costs of doing …
Persistent link: https://www.econbiz.de/10012948517
I show that disruptions to personal sources of financing, aside from commercial lending supply shocks, impair the survival and growth of small businesses. Entrepreneurs holding deposit accounts at retail banking institutions that defaulted following the financial crisis reduce personal borrowing...
Persistent link: https://www.econbiz.de/10011574742
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