Entrepreneurs, legal institutions and firm dynamics

DOI10.1007/S00199-016-1026-8zbMath1404.91157OpenAlexW1517067413MaRDI QIDQ514496

Neus Herranz, Anne P. Villamil, Stefan Krasa

Publication date: 2 March 2017

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://hummedia.manchester.ac.uk/schools/soss/cgbcr/discussionpapers/dpcgbcr128.pdf

zbMATH Keywords

heterogeneityinsurancedebtrisk aversionbankruptcycommitmentcredit constraintscapital structurefirm sizeendogenous defaultentrepreneurincorporatedlegal environmentunincorporated

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Utility theory (91B16)

Related Items (1)

A \(Q\)-theory model with lumpy investment

Cites Work

• Collateral equilibrium. I: A basic framework
• Optimal Contracts when Enforcement is a Decision Variable
• Using Elasticities to Derive Optimal Bankruptcy Exemptions
• A Quantitative Theory of Unsecured Consumer Credit with Risk of Default
• Optimal Contracts when Enforcement is a Decision Variable: A Reply

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