The DOI matches its Crossref record; 9 of the 9 references it cites were found in a registry or an index.
Bankruptcy Law and Entrepreneurship Development: A Real Options Perspective
Abstract
We develop a real options perspective to explore how an entrepreneur-friendly bankruptcy law can encourage entrepreneurship development at the societal level. If bankrupt entrepreneurs are excessively punished for failure, they may let inherently high-risk but potentially high-return opportunities pass. We suggest that a more entrepreneur-friendly bankruptcy law, informed by a real options logic, can encourage more active and vibrant entrepreneurship development. We also discuss the implications of the role of venture capital and stigma in the effectiveness of an entrepreneur-friendly bankruptcy law.
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Citations
Cites
Firm Resources and Sustained Competitive Advantage
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Self-citationInstitutions, Institutional Change and Economic Performance
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Clarifying the Entrepreneurial Orientation Construct and Linking It to Performance
Lumpkin, G. T., & Dess, G. G. (1996) · The Academy of Management Review · doi:10.5465/amr.1996.9602161568 · Cited by 10,159
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Djankov, S., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2002) · The Quarterly Journal of Economics · doi:10.1162/003355302753399436 · Cited by 3,956 · cited 1×
“…bankruptcy law, informed by a real options perspective, may facilitate entrepreneurship development at the societal level by encouraging more risk taking through curtailing downside risks for failed entrepreneurs and their firms and through more enthusiastic creation of new firms (Efrat, 2002).”
Strategy Research in Emerging Economies: Challenging the Conventional Wisdom*
Wright, M., Filatotchev, I., Hoskisson, R. E., & Peng, M. W. (2005) · Journal of Management Studies · doi:10.1111/j.1467-6486.2005.00487.x · Cited by 1,843
Self-citationProbing theoretically into Central and Eastern Europe: transactions, resources, and institutions
Meyer, K. E., & Peng, M. W. (2005) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400167 · Cited by 845
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Cited by
An institution-based view of international business strategy: A focus on emerging economies
Peng, M. W., Wang, D. Y. L., & Jiang, Y. (2008) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400377 · Cited by 3,286
Self-citationValue Creation and Value Capture: A Multilevel Perspective
Lepak, D. P., Smith, K. G., & Taylor, M. S. (2007) · Academy of Management Review · doi:10.5465/amr.2007.23464011 · Cited by 1,489
The Influence of Formal and Informal Institutional Voids on Entrepreneurship
Webb, J. W., Khoury, T. A., & Hitt, M. A. (2020) · Entrepreneurship Theory and Practice · doi:10.1177/1042258719830310 · Cited by 411
Should I Quit My Day Job?: A Hybrid Path to Entrepreneurship
Raffiee, J., & Feng, J. (2014) · Academy of Management Journal · doi:10.5465/amj.2012.0522 · Cited by 273
Metadata
- Authors
- Lee, S.-H., Peng, M. W., & Barney, J. B.
- Venue
- Academy of Management Review
- Publisher
- Academy of Management
- Published
- 2007-01
- Volume
- 32
- Issue
- 1
- Pages
- 257-272
- ISSN
- 0363-7425 (ISSN-L)
- 1930-3807
- OpenAlex
- W2045202772
- Cited by
- 323
- References
- 9
- FWCI
- 44.59
- Type
- journal article
- Language
- en
- Open access
- closed
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- Lee, S.-H., Peng, M. W., & Barney, J. B. (2007). Bankruptcy Law and Entrepreneurship Development: A Real Options Perspective. Academy of Management Review. https://doi.org/10.5465/amr.2007.23464070
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
