Reference : Bankruptcy regulation and self-employment entry: the moderating roles of income share...
Scientific journals : Article
Business & economic sciences : Strategy & innovation
Entrepreneurship and Innovation / Audit
http://hdl.handle.net/10993/50171
Bankruptcy regulation and self-employment entry: the moderating roles of income share, parenthood, and hybrid entrepreneurship
English
Schulz, Matthias []
Schwens, Christian []
Fisch, Christian mailto []
2021
Entrepreneurship: Theory and Practice
SAGE
45
6
1522-1549
Yes (verified by ORBilu)
1042-2587
1540-6520
Thousand Oaks
CA
[en] Entry into self-employment ; bankruptcy law ; prospect theory ; entrepreneurial failure
[en] We investigate how individual factors moderate the impact of bankruptcy exemption levels—that is, the amount of wealth individuals can keep in case of bankruptcy—on entry into self-employment. Conceptually, we combine Prospect Theory’s axiom of diminishing sensitivity with insights from research on entrepreneurial failure. We hypothesize that individuals who face higher financial, social, or psychological costs because of bankruptcy will be less sensitive to higher exemption levels than will those who face lower costs across these dimensions. Our empirical results, which are based on a quasi-natural experiment in the United States, support our theoretical predictions.
http://hdl.handle.net/10993/50171
10.1177/10422587211026856

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