Image:
Series:
Law
Bankruptcy Law and Entrepreneurship
Bankruptcy Law and Entrepreneurship
Series number :
Serial Number:
105/2008
Bankruptcy Law and Entrepreneurship
Real name:
Douglas Cumming
Related Working Paper
Featured Working Papers
Self-Driving Corporations?
What are the implications of artificial intelligence (AI) for corporate law? In this essay, we consider the trajectory of AI’s evolution, analyze the effects of its application on business practice, and investigate the impact of these...Read more
Teams and Bankruptcy
We study how the human capital embedded in teams is reallocated in corporate bankruptcies using data on US inventors. We find that bankruptcies reduce team stability. After a bankruptcy, team-dependent inventors produce fewer and less impactful...Read more
The Rise and Fall of Regulatory Competition in Corporate Insolvency Law in the European Union
In this essay, I discuss the rise and fall of regulatory competition in corporate insolvency law in the European Union. The rise is closely associated with the European Insolvency Regulation (EIR, 2002), and it is well-documented. The UK has...Read more
Does Bankruptcy Risk Increase Value? Puzzles and Diversification
Stock markets price listed firms, while defaulted firms delist. Due to the lower profits of defaulted firms, the average stock price exceeds firm unconditional expected value. Such price-value wedge originates from a survivorship bias. The wedge...Read more