Bankruptcy Law and Entrepreneurship

By J. Armour, Douglas J. Cumming. 2008

383 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/d3e52bb971d038fe346f9c0cb8ee0e1972df5e6a

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Citations in the corpus

Equity Crowdfunding and Governance: Toward an Integrative Model and Research Agenda (2019, positive): “In a similar vein, scholars have sometimes paid disproportionate attention to corporate bankruptcy laws, while personal bankruptcy laws may be theoretically more impactful in an entrepreneurial setting (Armour and Cumming, 2008).”
Do private equity owners increase risk of financial distress and bankruptcy (2012, background): “In Columns (4), (5), and (6) we investigate how different types of buyouts are related to bankruptcy likelihood.”
What Drives the Dynamics of Business Growth (2016, background): “The impact of stringent bankruptcy laws is also amplified by restrictions on access to limited liabilities such as high minimum capital requirements for incorporation (Armour and Cumming, 2008).”
Creditor rights and corporate risk-taking (2009, neutral): “See Fan and White (2004) and Armour and Cumming (2005). Chava”
The emergence of the global fintech market: economic and technological determinants (2016, background): “…unemployment rate i,t-1 + new startup formation i,t-1 + law and order i,t-1 + strength of legal rights i,t-1 + cluster development i,t-1), where y is the number of fintech startup formations in country i and year t and F(.) represents a negative binomial distribution function as in Baltagi (2008).”
Life After Business Failure (2013, background): “…be moderated by the institutional setting in which the failure took place, particularly in terms of the “entrepreneur-friendliness” of the bankruptcy law to which they are subject (Armour & Cumming, 2008; Fan & White, 2003; Lee et al., 2011; Lee, Peng, & Barney, 2007; Peng, Yamakawa, & Lee, 2010).”
Non-Executive Employee Stock Options and Corporate Innovation (2015, positive): “Fan and White (2003) and Armour and Cumming (2008) show that „forgiving‟ personal bankruptcy laws encourage entrepreneurship and innovation.”
The Effect of Business Regulations on Nascent and Young Business Entrepreneurship (2007, background): “9 Armour and Cumming (2005) investigate a different aspect of bankruptcy law in relation to entrepreneurship levels, viz.”
The Impact of Regulation on Innovation (2016, background): “However, Armour and Cumming (2008) analyse the relationship between personal bankruptcy law and innovation in the sense of entrepreneurship using data on self employment over 13 years and 15 countries in Europe and North America.”
How do bankruptcy laws affect entrepreneurship development around the world (2011, methodology): “For example, the concepts of “fresh start” and “automatic stay” in corporate bankruptcy laws are similar to “discharge” and “exemptions,” respectively, in personal bankruptcy laws (Armour and Cumming, 2008).”
Taxes and Capital Structure (2015, methodology): “Finally, we control for interest rates and inflation 6We gather data on bankruptcy reforms from Armour and Cumming (2008), Fisher and Martel (2003), Galgano (1994), Korkeamäki, Koskinen, and Takalo (2007), Philippe & Partners and Deloitte & Touche (2002), Richter (2006), Rohrlich (1935), news…”
Institutions and Entrepreneurship Quality (2018, background): “Several elements of bankruptcy law were explored from developed countries (Armour & Cumming, 2006, 2008; Amorós et al., 2009).”