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Two recent papers examine the impact of corporate bankruptcy laws on new business start-ups in 29 countries over 1990 - 2008 (Peng et al., 2010; Lee et al., 2010). In this commentary, I briefly point out two significant issues which future researchers might want to consider. First, several countries...
Persistent link: https://www.econbiz.de/10013117667
In this paper we study the political and economic determinants of US states' choices of homestead exemptions. We develop a political economy model in which homestead exemptions are ex-post beneficial to borrowers who default (because they shield some of their wealth from creditors) but ex-ante...
Persistent link: https://www.econbiz.de/10013072492
We conjecture that angel investment in entrepreneurial firms depends on two types of bankruptcy laws around the world …
Persistent link: https://www.econbiz.de/10014235768
For a long time, the European insolvency laws have been considered as country-specific regulations, entirely focused on … supranational legal sources. But the European Union (E.U.) law has gradually modified the approach to insolvency proceedings. The E ….U. approach to the harmonization of national laws on insolvency proceedings has been twofold. Initially, the E.U. legislature has …
Persistent link: https://www.econbiz.de/10014260794
Fraud and irrationality are often blamed for financial manias and panics. Investor euphoria can unleash social and technological breakthroughs, but the subsequent failures can destroy value and radicalize the political sphere. Are these events random, idiosyncratic, or driven by some force? The...
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capital play an important role in the process. Insolvency regulations are a key factor for stronger equity market integration …. Uniform European insolvency regulations are desirable; more efficient regulations on the national level would be an important …
Persistent link: https://www.econbiz.de/10012007520
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Strengthen Work Engagement -- Chapter 65. Digital Loneliness in Social Media: the Epoch of Our Connected and Distraction World. …This volume discusses the new trends in law and regulation in Islamic finance. Islamic finance is a particular … contemporary world financial system and is present in more than a hundred countries. The current generation of Muslim economic …
Persistent link: https://www.econbiz.de/10014515506
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