Publication
How does personal bankruptcy law affect startups?
| dc.contributor.author | Cerqueiro, Geraldo | |
| dc.contributor.author | Penas, María Fabiana | |
| dc.date.accessioned | 2021-09-13T14:50:20Z | |
| dc.date.available | 2021-09-13T14:50:20Z | |
| dc.date.issued | 2017-07-01 | |
| dc.description.abstract | We exploit state-level changes in the amount of personal wealth individuals can protect under Chapter 7 to analyze the effect of debtor protection on the financing structure and performance of a representative panel of U.S. startups. The effect of increasing debtor protection depends on the entrepreneur's level of wealth. Firms owned by mid-wealth entrepreneurs whose assets become fully protected suffer a reduction in credit availability, employment, operating efficiency, and survival rates. We find no such negative effects for low-wealth and high-wealth owners. Our results are consistent with theories that predict that asset protection in bankruptcy leads to a redistribution of credit. | pt_PT |
| dc.description.version | info:eu-repo/semantics/acceptedVersion | pt_PT |
| dc.identifier.doi | 10.1093/rfs/hhw081 | |
| dc.identifier.eid | 85026868375 | |
| dc.identifier.issn | 0893-9454 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/34788 | |
| dc.identifier.wos | 000407206200008 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.title | How does personal bankruptcy law affect startups? | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 2554 | pt_PT |
| oaire.citation.issue | 7 | pt_PT |
| oaire.citation.startPage | 2523 | pt_PT |
| oaire.citation.title | Review of Financial Studies | pt_PT |
| oaire.citation.volume | 30 | pt_PT |
| person.familyName | Cerqueiro | |
| person.givenName | Geraldo | |
| person.identifier.orcid | 0000-0002-6709-1512 | |
| person.identifier.scopus-author-id | 36715940800 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |
| relation.isAuthorOfPublication | 77ac0648-fe76-4531-90ff-cc748fc03264 | |
| relation.isAuthorOfPublication.latestForDiscovery | 77ac0648-fe76-4531-90ff-cc748fc03264 |
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