Arbeitspapier
Bankruptcy and Voluntary Liquidation: Evidence for New Firms in East and West Germany after Unification
Exploiting the unique economic situation after German unification, I investigate how exit decisions deviate between new firms in a transition and a comparatively stable market environment. Two competing exit mechanisms are considered: entrepreneurial self-selection via voluntary liquidation and external selection based on insolvency regulation. Distinguishing between the competing exit modes proves to be crucial in semi-parametric propor- tional hazard-rate estimations. Comparing East and West Germany, I find distinct education and size effects and a higher share of bankruptcy-related liquidations in East Germany. These results are argued to reflect different industry structures, capital and labor market conditions in both parts of Germany.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 03-72
- Klassifikation
-
Wirtschaft
Semiparametric and Nonparametric Methods: General
Firm Objectives, Organization, and Behavior: General
Socialist Institutions and Their Transitions: General
Comparative Studies of Particular Economies
Duration Analysis; Optimal Timing Strategies
- Thema
-
Exit
Bankruptcy
Voluntary Liquidation
Transition Economy
Duration Analysis
Marktaustritt
Liquidation
Konkurs
Unternehmensgründung
Vergleich
Alte Bundesländer
Neue Bundesländer
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Prantl, Susanne
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Prantl, Susanne
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2003
Ähnliche Objekte (12)
Bankruptcy and Voluntary Liquidation : Evidence for New Firms in East and West Germany after Unification
Voluntary bankruptcy as preemptive persuasion
Firms dynamics, bankruptcy laws and total factor productivity
Bankruptcy of Large Firms and Exit Mechanisms in Korea
Accounting for risk in bankruptcy and lottery-like firms
Bankruptcy, subsidized loans and exit decisions of start-up firms
Bankruptcy, subsidized loans, and exit decisions of start-up firms
The Relationship Between Bankruptcy Risk and Growth for Non-Listed Firms
Determinants and predictive powers of bankruptcy models for firms in Korea and the U.S.
Equity offerings by firms that emerged from bankruptcy
Consumer bankruptcy and information
Corona Shutdown and Bankruptcy Risk
Bankruptcy and Voluntary Liquidation : Evidence for New Firms in East and West Germany after Unification
Voluntary bankruptcy as preemptive persuasion
Firms dynamics, bankruptcy laws and total factor productivity
Bankruptcy of Large Firms and Exit Mechanisms in Korea
Accounting for risk in bankruptcy and lottery-like firms
Bankruptcy, subsidized loans and exit decisions of start-up firms
Bankruptcy, subsidized loans, and exit decisions of start-up firms
The Relationship Between Bankruptcy Risk and Growth for Non-Listed Firms
Determinants and predictive powers of bankruptcy models for firms in Korea and the U.S.
Equity offerings by firms that emerged from bankruptcy
Consumer bankruptcy and information
Corona Shutdown and Bankruptcy Risk
Bankruptcy and Voluntary Liquidation : Evidence for New Firms in East and West Germany after Unification
Voluntary bankruptcy as preemptive persuasion
Firms dynamics, bankruptcy laws and total factor productivity
Bankruptcy of Large Firms and Exit Mechanisms in Korea
Accounting for risk in bankruptcy and lottery-like firms
Bankruptcy, subsidized loans and exit decisions of start-up firms
Bankruptcy, subsidized loans, and exit decisions of start-up firms
The Relationship Between Bankruptcy Risk and Growth for Non-Listed Firms
Determinants and predictive powers of bankruptcy models for firms in Korea and the U.S.
Equity offerings by firms that emerged from bankruptcy
Consumer bankruptcy and information