Personal Bankruptcy Law and Entrepreneurship

Geraldo Cerqueiro, María Penas and Robert Seamans

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: We study the effect of debtor protection on firm entry and exit dynamics. We find that more lenient personal bankruptcy laws lead to higher firm entry, especially in sectors with low entry barriers. We also find that debtor protection increases firm exit rates and that this effect is independent of firm age. Our results overall indicate that changes in debtor protection affect firm dynamics.

Keywords: Debtor Protection; Personal Bankruptcy; Entrepreneurship (search for similar items in EconPapers)
Pages: 29 pages
Date: 2017-01
New Economics Papers: this item is included in nep-bec, nep-cfn, nep-ent, nep-law, nep-mic and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www2.census.gov/ces/wp/2017/CES-WP-17-42R.pdf Revised version, 2017 (application/pdf)
https://www2.census.gov/ces/wp/2017/CES-WP-17-42.pdf First version, 2017 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:17-42

Access Statistics for this paper

More papers in Working Papers from U.S. Census Bureau, Center for Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Dawn Anderson ().