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Prior to being a simple concept, the entrepreneurial failure is a multidimensional phenomenon. To contribute to its … comprehension, this paper proposes to develop a synthetic vision of failure in order to escape a behavioral and partial approach … between the performance (or failure) of companies and some environmental variables. We also introduce a dynamic view of …
Persistent link: https://www.econbiz.de/10011540244
Persistent link: https://www.econbiz.de/10012623252
, because it rules out going concern sales for viable firms, and because it is, in essence, a twisted and truncated insolvency … the option to choose a ‘European Insolvency Regime' in their charter. This regime should be embodied in a European … by a specialised European insolvency court. This proposal would preserve horizontal regulatory competition between the …
Persistent link: https://www.econbiz.de/10012965920
To assess to what extent collective job displacements can be regarded as unanticipated exogenous shocks for affected employees, we analyze plant-level employment patterns before bankruptcy, plant closure without bankruptcy, and mass layoff. Utilizing administrative data covering all West German...
Persistent link: https://www.econbiz.de/10011523595
This article analyzes the development of employment levels and worker flows before bankruptcies, plant closure without bankruptcies and mass layoffs. Utilizing administrative plant-level data for Germany, we find no systematic employment reductions prior to mass layoffs, a strong and...
Persistent link: https://www.econbiz.de/10011978249
Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...
Persistent link: https://www.econbiz.de/10009311507
This paper introduces a large-scale administrative panel data set on corporate bankruptcy in Germany that allows for an econometric analysis of involuntary exits where previous studies mixed voluntary and involuntary exits. Approximately 83 percent of all bankruptcies occur in plants with no...
Persistent link: https://www.econbiz.de/10010351870
Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...
Persistent link: https://www.econbiz.de/10013121748
This paper analyses the bail-in tool under the BRRD and predicts that it will not reach its policy objective. To make this argument, this paper first describes the policy rationale that calls for mandatory private sector involvement (PSI). From this analysis the key features for an effective...
Persistent link: https://www.econbiz.de/10011711663
cleared derivatives from stays, except in the case of a failure of a regulated central clearing party …
Persistent link: https://www.econbiz.de/10009504439