Fu2020_Article_ProductiveEntrepreneurshipAndT.pdf (691.89 kB)
Productive entrepreneurship and the effectiveness of insolvency legislation: a cross-country study
journal contribution
posted on 2018-04-13, 12:58 authored by Kun FuKun Fu, Karl Wennberg, Bjorn FalkenhallThis paper studies the association between the effectiveness of insolvency regulations and entrepreneurship using multilevel modeling of about 300,000 individuals in 27 countries over the 2005–2010 period. We investigate the relationship between three different measures of “resolving insolvency” (time, cost, and recovery rate) from the World Bank and four different measures of entrepreneurship from the Global Entrepreneurship Monitor, controlling for relevant individual- and country-level facets. We find that opportunity-driven and innovation-oriented entrepreneurs are more severely affected by onerous insolvency regulations than necessity-motivated entrepreneurs. However, entrepreneurs envisioning rapid employment growth are not affected by onerous insolvency regulations. We discuss contributions to comparative entrepreneurship research and public policy.
Funding
Swedish Research Council
History
School
- Loughborough University London
Published in
Small Business EconomicsVolume
54Pages
383 - 404Citation
FU, K., WENNBERG, K. and FALKENHALL, B., 2018. Productive entrepreneurship and the effectiveness of insolvency legislation: a cross-country study. Small Business Economics, 54, pp.383-404.Publisher
Springer VerlagVersion
- VoR (Version of Record)
Rights holder
© The AuthorsPublisher statement
This work is made available according to the conditions of the Creative Commons Attribution 4.0 Unported Licence (CC BY). Full details of this licence are available at: http://creativecommons.org/licenses/by/4.0Acceptance date
2017-10-07Publication date
2018-04-18Copyright date
2018Notes
This is an Open Access Article. It is published by Springer under the Creative Commons Attribution 4.0 Unported Licence (CC BY). Full details of this licence are available at: http://creativecommons.org/licenses/by/4.0/ISSN
0921-898XeISSN
1573-0913Publisher version
Language
- en