The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006
Ano de defesa: | 2018 |
---|---|
Autor(a) principal: | |
Orientador(a): | |
Banca de defesa: | |
Tipo de documento: | Dissertação |
Tipo de acesso: | Acesso aberto |
Idioma: | eng |
Instituição de defesa: |
Não Informado pela instituição
|
Programa de Pós-Graduação: |
Não Informado pela instituição
|
Departamento: |
Não Informado pela instituição
|
País: |
Não Informado pela instituição
|
Palavras-chave em Português: | |
Palavras-chave em Inglês: | |
Link de acesso: | http://hdl.handle.net/10438/22968 |
Resumo: | The purpose of this study is to investigate the potential effect of corporate bankruptcy laws on entrepreneurship. The aim is to understand whether or not the change in corporate bankruptcy laws can stimulate entrepreneurial activity, as well as how entrepreneurs consider corporate insolvency legislation. To answer these questions, the study focuses on the case of France, which implemented a major corporate bankruptcy reform in 2006. France represents a compelling case, as it is the developed economy with the lowest creditor-friendly index score. The potential impact of the reform on French entrepreneurs is assessed on quantitative and qualitative grounds through an explanatory sequential mixed method. The results of our quantitative study suggest that the reform of the corporate insolvency procedures introduced in 2006 by the French government did not have a significant impact on entrepreneurial activity in France. Our qualitative results indicate that this may be due to low awareness of entrepreneurs regarding bankruptcy laws because failure is not the focus of entrepreneurs’ attention. However, it is crucial to note that as many variables come into play when dealing with entrepreneurship, the impact of the reform on entrepreneurship may have been affected by other events not taken into account in that model. In the qualitative part, we interviewed French entrepreneurs active at the time of the reform as well as professionals in charge of assisting entrepreneurs whose firms are in difficulties. We tried to investigate what importance entrepreneurs grant to bankruptcy laws and assess the general awareness of entrepreneurs regarding bankruptcy legislation. We also attempted to assess the impact the reform may have had on them, and how they consider the reform. Our qualitative study suggests low awareness regarding the corporate insolvency legislation among entrepreneurs. Interviewees assessed the reform as progress; the main positive feature was the prevention aspect, which allows entrepreneurs who anticipate difficulties to benefit from special procedures. This study may be of interest to policymakers wishing to develop entrepreneurship as well as to entrepreneurs looking for a better understanding of how the institutions impact on them. |
id |
FGV_4a6647da5b1c964a49fe656788835761 |
---|---|
oai_identifier_str |
oai:bibliotecadigital.fgv.br:10438/22968 |
network_acronym_str |
FGV |
network_name_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
repository_id_str |
|
spelling |
Ceccaldi, Alexis Pierre PhilippeEscolas::EAESPMorgado, Maurício GerbaudoRochman, Ricardo RatnerLeite, Jaci Corrêa2018-05-03T12:14:51Z2018-05-03T12:14:51Z2018http://hdl.handle.net/10438/22968The purpose of this study is to investigate the potential effect of corporate bankruptcy laws on entrepreneurship. The aim is to understand whether or not the change in corporate bankruptcy laws can stimulate entrepreneurial activity, as well as how entrepreneurs consider corporate insolvency legislation. To answer these questions, the study focuses on the case of France, which implemented a major corporate bankruptcy reform in 2006. France represents a compelling case, as it is the developed economy with the lowest creditor-friendly index score. The potential impact of the reform on French entrepreneurs is assessed on quantitative and qualitative grounds through an explanatory sequential mixed method. The results of our quantitative study suggest that the reform of the corporate insolvency procedures introduced in 2006 by the French government did not have a significant impact on entrepreneurial activity in France. Our qualitative results indicate that this may be due to low awareness of entrepreneurs regarding bankruptcy laws because failure is not the focus of entrepreneurs’ attention. However, it is crucial to note that as many variables come into play when dealing with entrepreneurship, the impact of the reform on entrepreneurship may have been affected by other events not taken into account in that model. In the qualitative part, we interviewed French entrepreneurs active at the time of the reform as well as professionals in charge of assisting entrepreneurs whose firms are in difficulties. We tried to investigate what importance entrepreneurs grant to bankruptcy laws and assess the general awareness of entrepreneurs regarding bankruptcy legislation. We also attempted to assess the impact the reform may have had on them, and how they consider the reform. Our qualitative study suggests low awareness regarding the corporate insolvency legislation among entrepreneurs. Interviewees assessed the reform as progress; the main positive feature was the prevention aspect, which allows entrepreneurs who anticipate difficulties to benefit from special procedures. This study may be of interest to policymakers wishing to develop entrepreneurship as well as to entrepreneurs looking for a better understanding of how the institutions impact on them.O objetivo deste estudo é investigar o efeito potencial das leis de falências corporativas sobre empreendedorismo. O objetivo é entender se a evolução das leis de falências corporativas pode ou não estimular a atividade empreendedora, bem como a forma como os empresários consideram a legislação sobre insolvência corporativa. Para responder a essas perguntas, o estudo enfoca o caso da França, que implementou uma grande reforma de falências em 2006. A França representa um caso convincente, já que é a economia desenvolvida com a menor pontuação de índice favorável ao credor. Os impactos potenciais da reforma sobre empreendedores franceses são avaliados em termos quantitativos e qualitativos por meio de um método seqüencial explicativo e misto. Os resultados do nosso estudo quantitativo sugerem que a reforma dos procedimentos de insolvência corporativa introduzidos em 2006 pelo governo francês não teve um impacto significativo sobre a atividade empresarial na França. Nossos resultados qualitativos indicam que isso pode ser explicado devido à baixa conscientização dos empreendedores sobre as leis de falência, porque o fracasso não é o foco dos mesmos. No entanto, é crucial notar que, como muitas variáveis entram em jogo quando se trata de empreendedorismo, o impacto da reforma no empreendedorismo pode ter sido afetado por outros eventos não considerados nesse modelo. Na parte qualitativa, entrevistamos empresários franceses ativos na época da reforma, bem como profissionais encarregados de auxiliar empresários cujas empresas estão em dificuldades. Buscamos investigar a importância que os empreendedores concedem às leis de falência e avaliar a consciência geral do empreendedor sobre a legislação de falências. Também procuramos avaliar o impacto que a reforma pode ter sobre eles e como eles consideram a reforma. Nosso estudo qualitativo sugere baixa conscientização sobre a legislação de insolvência corporativa entre os empresários. Os entrevistados avaliaram a reforma como um progresso. A principal característica positiva foi o aspecto da prevenção, que permite aos empresários que antecipem dificuldades para se beneficiar de procedimentos especiais. Este estudo pode ser de interesse para os formuladores de políticas que desejam desenvolver o empreendedorismo, bem como para os empresários que buscam uma melhor compreensão de como as instituições impactam sobre eles.engLaw and economicsEntrepreneurshipCorporate bankruptcyfailureFailureLegislação e economiaEmpreendorismoFalência corporativaCiência políticaEmpresas - Falência - FrançaEmpreendedorismoDesenvolvimento econômicoThe impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVTEXTMPGI Thesis Dissertation Final Alexis Ceccaldi 02 May (1).pdf.txtMPGI Thesis Dissertation Final Alexis Ceccaldi 02 May (1).pdf.txtExtracted texttext/plain187985http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/6/MPGI%20Thesis%20Dissertation%20Final%20Alexis%20Ceccaldi%2002%20May%20%281%29.pdf.txt2ae5cf8fc378d570329a5047867c3cacMD56ORIGINALMPGI Thesis Dissertation Final Alexis Ceccaldi 02 May (1).pdfMPGI Thesis Dissertation Final Alexis Ceccaldi 02 May (1).pdfPDFapplication/pdf1880830http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/3/MPGI%20Thesis%20Dissertation%20Final%20Alexis%20Ceccaldi%2002%20May%20%281%29.pdfc8c33024dc4fea5dc1040cea23559e90MD53LICENSElicense.txtlicense.txttext/plain; charset=utf-84707http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/4/license.txtdfb340242cced38a6cca06c627998fa1MD54THUMBNAILMPGI Thesis Dissertation Final Alexis Ceccaldi 02 May (1).pdf.jpgMPGI Thesis Dissertation Final Alexis Ceccaldi 02 May (1).pdf.jpgIM Thumbnailimage/jpeg950http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/5/MPGI%20Thesis%20Dissertation%20Final%20Alexis%20Ceccaldi%2002%20May%20%281%29.pdf.jpg79508bc01fac15a3bde958876eb54abcMD5510438/229682019-08-30 16:31:12.396VEVSTU9TIExJQ0VOQ0lBTUVOVE8gUEFSQSBBUlFVSVZBTUVOVE8sIFJFUFJPRFXDh8ODTyBFIERJVlVMR0HDh8ODTwpQw5pCTElDQSBERSBDT05URcOaRE8gw4AgQklCTElPVEVDQSBWSVJUVUFMIEZHViAodmVyc8OjbyAxLjIpCgoxLiBWb2PDqiwgdXN1w6FyaW8tZGVwb3NpdGFudGUgZGEgQmlibGlvdGVjYSBWaXJ0dWFsIEZHViwgYXNzZWd1cmEsIG5vCnByZXNlbnRlIGF0bywgcXVlIMOpIHRpdHVsYXIgZG9zIGRpcmVpdG9zIGF1dG9yYWlzIHBhdHJpbW9uaWFpcyBlL291CmRpcmVpdG9zIGNvbmV4b3MgcmVmZXJlbnRlcyDDoCB0b3RhbGlkYWRlIGRhIE9icmEgb3JhIGRlcG9zaXRhZGEgZW0KZm9ybWF0byBkaWdpdGFsLCBiZW0gY29tbyBkZSBzZXVzIGNvbXBvbmVudGVzIG1lbm9yZXMsIGVtIHNlIHRyYXRhbmRvCmRlIG9icmEgY29sZXRpdmEsIGNvbmZvcm1lIG8gcHJlY2VpdHVhZG8gcGVsYSBMZWkgOS42MTAvOTggZS9vdSBMZWkKOS42MDkvOTguIE7Do28gc2VuZG8gZXN0ZSBvIGNhc28sIHZvY8OqIGFzc2VndXJhIHRlciBvYnRpZG8sIGRpcmV0YW1lbnRlCmRvcyBkZXZpZG9zIHRpdHVsYXJlcywgYXV0b3JpemHDp8OjbyBwcsOpdmlhIGUgZXhwcmVzc2EgcGFyYSBvIGRlcMOzc2l0byBlCmRpdnVsZ2HDp8OjbyBkYSBPYnJhLCBhYnJhbmdlbmRvIHRvZG9zIG9zIGRpcmVpdG9zIGF1dG9yYWlzIGUgY29uZXhvcwphZmV0YWRvcyBwZWxhIGFzc2luYXR1cmEgZG9zIHByZXNlbnRlcyB0ZXJtb3MgZGUgbGljZW5jaWFtZW50bywgZGUKbW9kbyBhIGVmZXRpdmFtZW50ZSBpc2VudGFyIGEgRnVuZGHDp8OjbyBHZXR1bGlvIFZhcmdhcyBlIHNldXMKZnVuY2lvbsOhcmlvcyBkZSBxdWFscXVlciByZXNwb25zYWJpbGlkYWRlIHBlbG8gdXNvIG7Do28tYXV0b3JpemFkbyBkbwptYXRlcmlhbCBkZXBvc2l0YWRvLCBzZWphIGVtIHZpbmN1bGHDp8OjbyDDoCBCaWJsaW90ZWNhIFZpcnR1YWwgRkdWLCBzZWphCmVtIHZpbmN1bGHDp8OjbyBhIHF1YWlzcXVlciBzZXJ2acOnb3MgZGUgYnVzY2EgZSBkaXN0cmlidWnDp8OjbyBkZSBjb250ZcO6ZG8KcXVlIGZhw6dhbSB1c28gZGFzIGludGVyZmFjZXMgZSBlc3Bhw6dvIGRlIGFybWF6ZW5hbWVudG8gcHJvdmlkZW5jaWFkb3MKcGVsYSBGdW5kYcOnw6NvIEdldHVsaW8gVmFyZ2FzIHBvciBtZWlvIGRlIHNldXMgc2lzdGVtYXMgaW5mb3JtYXRpemFkb3MuCgoyLiBBIGFzc2luYXR1cmEgZGVzdGEgbGljZW7Dp2EgdGVtIGNvbW8gY29uc2Vxw7zDqm5jaWEgYSB0cmFuc2ZlcsOqbmNpYSwgYQp0w610dWxvIG7Do28tZXhjbHVzaXZvIGUgbsOjby1vbmVyb3NvLCBpc2VudGEgZG8gcGFnYW1lbnRvIGRlIHJveWFsdGllcwpvdSBxdWFscXVlciBvdXRyYSBjb250cmFwcmVzdGHDp8OjbywgcGVjdW5pw6FyaWEgb3UgbsOjbywgw6AgRnVuZGHDp8OjbwpHZXR1bGlvIFZhcmdhcywgZG9zIGRpcmVpdG9zIGRlIGFybWF6ZW5hciBkaWdpdGFsbWVudGUsIHJlcHJvZHV6aXIgZQpkaXN0cmlidWlyIG5hY2lvbmFsIGUgaW50ZXJuYWNpb25hbG1lbnRlIGEgT2JyYSwgaW5jbHVpbmRvLXNlIG8gc2V1CnJlc3Vtby9hYnN0cmFjdCwgcG9yIG1laW9zIGVsZXRyw7RuaWNvcywgbm8gc2l0ZSBkYSBCaWJsaW90ZWNhIFZpcnR1YWwKRkdWLCBhbyBww7pibGljbyBlbSBnZXJhbCwgZW0gcmVnaW1lIGRlIGFjZXNzbyBhYmVydG8uCgozLiBBIHByZXNlbnRlIGxpY2Vuw6dhIHRhbWLDqW0gYWJyYW5nZSwgbm9zIG1lc21vcyB0ZXJtb3MgZXN0YWJlbGVjaWRvcwpubyBpdGVtIDIsIHN1cHJhLCBxdWFscXVlciBkaXJlaXRvIGRlIGNvbXVuaWNhw6fDo28gYW8gcMO6YmxpY28gY2Fiw612ZWwKZW0gcmVsYcOnw6NvIMOgIE9icmEgb3JhIGRlcG9zaXRhZGEsIGluY2x1aW5kby1zZSBvcyB1c29zIHJlZmVyZW50ZXMgw6AKcmVwcmVzZW50YcOnw6NvIHDDumJsaWNhIGUvb3UgZXhlY3XDp8OjbyBww7pibGljYSwgYmVtIGNvbW8gcXVhbHF1ZXIgb3V0cmEKbW9kYWxpZGFkZSBkZSBjb211bmljYcOnw6NvIGFvIHDDumJsaWNvIHF1ZSBleGlzdGEgb3UgdmVuaGEgYSBleGlzdGlyLApub3MgdGVybW9zIGRvIGFydGlnbyA2OCBlIHNlZ3VpbnRlcyBkYSBMZWkgOS42MTAvOTgsIG5hIGV4dGVuc8OjbyBxdWUKZm9yIGFwbGljw6F2ZWwgYW9zIHNlcnZpw6dvcyBwcmVzdGFkb3MgYW8gcMO6YmxpY28gcGVsYSBCaWJsaW90ZWNhClZpcnR1YWwgRkdWLgoKNC4gRXN0YSBsaWNlbsOnYSBhYnJhbmdlLCBhaW5kYSwgbm9zIG1lc21vcyB0ZXJtb3MgZXN0YWJlbGVjaWRvcyBubwppdGVtIDIsIHN1cHJhLCB0b2RvcyBvcyBkaXJlaXRvcyBjb25leG9zIGRlIGFydGlzdGFzIGludMOpcnByZXRlcyBvdQpleGVjdXRhbnRlcywgcHJvZHV0b3JlcyBmb25vZ3LDoWZpY29zIG91IGVtcHJlc2FzIGRlIHJhZGlvZGlmdXPDo28gcXVlCmV2ZW50dWFsbWVudGUgc2VqYW0gYXBsaWPDoXZlaXMgZW0gcmVsYcOnw6NvIMOgIG9icmEgZGVwb3NpdGFkYSwgZW0KY29uZm9ybWlkYWRlIGNvbSBvIHJlZ2ltZSBmaXhhZG8gbm8gVMOtdHVsbyBWIGRhIExlaSA5LjYxMC85OC4KCjUuIFNlIGEgT2JyYSBkZXBvc2l0YWRhIGZvaSBvdSDDqSBvYmpldG8gZGUgZmluYW5jaWFtZW50byBwb3IKaW5zdGl0dWnDp8O1ZXMgZGUgZm9tZW50byDDoCBwZXNxdWlzYSBvdSBxdWFscXVlciBvdXRyYSBzZW1lbGhhbnRlLCB2b2PDqgpvdSBvIHRpdHVsYXIgYXNzZWd1cmEgcXVlIGN1bXByaXUgdG9kYXMgYXMgb2JyaWdhw6fDtWVzIHF1ZSBsaGUgZm9yYW0KaW1wb3N0YXMgcGVsYSBpbnN0aXR1acOnw6NvIGZpbmFuY2lhZG9yYSBlbSByYXrDo28gZG8gZmluYW5jaWFtZW50bywgZQpxdWUgbsOjbyBlc3TDoSBjb250cmFyaWFuZG8gcXVhbHF1ZXIgZGlzcG9zacOnw6NvIGNvbnRyYXR1YWwgcmVmZXJlbnRlIMOgCnB1YmxpY2HDp8OjbyBkbyBjb250ZcO6ZG8gb3JhIHN1Ym1ldGlkbyDDoCBCaWJsaW90ZWNhIFZpcnR1YWwgRkdWLgoKNi4gQ2FzbyBhIE9icmEgb3JhIGRlcG9zaXRhZGEgZW5jb250cmUtc2UgbGljZW5jaWFkYSBzb2IgdW1hIGxpY2Vuw6dhCkNyZWF0aXZlIENvbW1vbnMgKHF1YWxxdWVyIHZlcnPDo28pLCBzb2IgYSBsaWNlbsOnYSBHTlUgRnJlZQpEb2N1bWVudGF0aW9uIExpY2Vuc2UgKHF1YWxxdWVyIHZlcnPDo28pLCBvdSBvdXRyYSBsaWNlbsOnYSBxdWFsaWZpY2FkYQpjb21vIGxpdnJlIHNlZ3VuZG8gb3MgY3JpdMOpcmlvcyBkYSBEZWZpbml0aW9uIG9mIEZyZWUgQ3VsdHVyYWwgV29ya3MKKGRpc3BvbsOtdmVsIGVtOiBodHRwOi8vZnJlZWRvbWRlZmluZWQub3JnL0RlZmluaXRpb24pIG91IEZyZWUgU29mdHdhcmUKRGVmaW5pdGlvbiAoZGlzcG9uw612ZWwgZW06IGh0dHA6Ly93d3cuZ251Lm9yZy9waGlsb3NvcGh5L2ZyZWUtc3cuaHRtbCksIApvIGFycXVpdm8gcmVmZXJlbnRlIMOgIE9icmEgZGV2ZSBpbmRpY2FyIGEgbGljZW7Dp2EgYXBsaWPDoXZlbCBlbQpjb250ZcO6ZG8gbGVnw612ZWwgcG9yIHNlcmVzIGh1bWFub3MgZSwgc2UgcG9zc8OtdmVsLCB0YW1iw6ltIGVtIG1ldGFkYWRvcwpsZWfDrXZlaXMgcG9yIG3DoXF1aW5hLiBBIGluZGljYcOnw6NvIGRhIGxpY2Vuw6dhIGFwbGljw6F2ZWwgZGV2ZSBzZXIKYWNvbXBhbmhhZGEgZGUgdW0gbGluayBwYXJhIG9zIHRlcm1vcyBkZSBsaWNlbmNpYW1lbnRvIG91IHN1YSBjw7NwaWEKaW50ZWdyYWwuCgoKQW8gY29uY2x1aXIgYSBwcmVzZW50ZSBldGFwYSBlIGFzIGV0YXBhcyBzdWJzZXHDvGVudGVzIGRvIHByb2Nlc3NvIGRlCnN1Ym1pc3PDo28gZGUgYXJxdWl2b3Mgw6AgQmlibGlvdGVjYSBWaXJ0dWFsIEZHViwgdm9jw6ogYXRlc3RhIHF1ZSBsZXUgZQpjb25jb3JkYSBpbnRlZ3JhbG1lbnRlIGNvbSBvcyB0ZXJtb3MgYWNpbWEgZGVsaW1pdGFkb3MsIGFzc2luYW5kby1vcwpzZW0gZmF6ZXIgcXVhbHF1ZXIgcmVzZXJ2YSBlIG5vdmFtZW50ZSBjb25maXJtYW5kbyBxdWUgY3VtcHJlIG9zCnJlcXVpc2l0b3MgaW5kaWNhZG9zIG5vIGl0ZW0gMSwgc3VwcmEuCgpIYXZlbmRvIHF1YWxxdWVyIGRpc2NvcmTDom5jaWEgZW0gcmVsYcOnw6NvIGFvcyBwcmVzZW50ZXMgdGVybW9zIG91IG7Do28Kc2UgdmVyaWZpY2FuZG8gbyBleGlnaWRvIG5vIGl0ZW0gMSwgc3VwcmEsIHZvY8OqIGRldmUgaW50ZXJyb21wZXIKaW1lZGlhdGFtZW50ZSBvIHByb2Nlc3NvIGRlIHN1Ym1pc3PDo28uIEEgY29udGludWlkYWRlIGRvIHByb2Nlc3NvCmVxdWl2YWxlIMOgIGFzc2luYXR1cmEgZGVzdGUgZG9jdW1lbnRvLCBjb20gdG9kYXMgYXMgY29uc2Vxw7zDqm5jaWFzIG5lbGUKcHJldmlzdGFzLCBzdWplaXRhbmRvLXNlIG8gc2lnbmF0w6FyaW8gYSBzYW7Dp8O1ZXMgY2l2aXMgZSBjcmltaW5haXMgY2Fzbwpuw6NvIHNlamEgdGl0dWxhciBkb3MgZGlyZWl0b3MgYXV0b3JhaXMgcGF0cmltb25pYWlzIGUvb3UgY29uZXhvcwphcGxpY8OhdmVpcyDDoCBPYnJhIGRlcG9zaXRhZGEgZHVyYW50ZSBlc3RlIHByb2Nlc3NvLCBvdSBjYXNvIG7Do28gdGVuaGEKb2J0aWRvIHByw6l2aWEgZSBleHByZXNzYSBhdXRvcml6YcOnw6NvIGRvIHRpdHVsYXIgcGFyYSBvIGRlcMOzc2l0byBlCnRvZG9zIG9zIHVzb3MgZGEgT2JyYSBlbnZvbHZpZG9zLgoKClBhcmEgYSBzb2x1w6fDo28gZGUgcXVhbHF1ZXIgZMO6dmlkYSBxdWFudG8gYW9zIHRlcm1vcyBkZSBsaWNlbmNpYW1lbnRvIGUKbyBwcm9jZXNzbyBkZSBzdWJtaXNzw6NvLCBjbGlxdWUgbm8gbGluayAiRmFsZSBjb25vc2NvIi4KRepositório InstitucionalPRI |
dc.title.eng.fl_str_mv |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 |
title |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 |
spellingShingle |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 Ceccaldi, Alexis Pierre Philippe Law and economics Entrepreneurship Corporate bankruptcyfailure Failure Legislação e economia Empreendorismo Falência corporativa Ciência política Empresas - Falência - França Empreendedorismo Desenvolvimento econômico |
title_short |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 |
title_full |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 |
title_fullStr |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 |
title_full_unstemmed |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 |
title_sort |
The impact of corporate bankruptcy laws on entrepreneurship: a focus on the French corporate bankruptcy reform of 2006 |
author |
Ceccaldi, Alexis Pierre Philippe |
author_facet |
Ceccaldi, Alexis Pierre Philippe |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EAESP |
dc.contributor.member.none.fl_str_mv |
Morgado, Maurício Gerbaudo Rochman, Ricardo Ratner |
dc.contributor.author.fl_str_mv |
Ceccaldi, Alexis Pierre Philippe |
dc.contributor.advisor1.fl_str_mv |
Leite, Jaci Corrêa |
contributor_str_mv |
Leite, Jaci Corrêa |
dc.subject.eng.fl_str_mv |
Law and economics Entrepreneurship Corporate bankruptcyfailure Failure |
topic |
Law and economics Entrepreneurship Corporate bankruptcyfailure Failure Legislação e economia Empreendorismo Falência corporativa Ciência política Empresas - Falência - França Empreendedorismo Desenvolvimento econômico |
dc.subject.por.fl_str_mv |
Legislação e economia Empreendorismo Falência corporativa |
dc.subject.area.por.fl_str_mv |
Ciência política |
dc.subject.bibliodata.por.fl_str_mv |
Empresas - Falência - França Empreendedorismo Desenvolvimento econômico |
description |
The purpose of this study is to investigate the potential effect of corporate bankruptcy laws on entrepreneurship. The aim is to understand whether or not the change in corporate bankruptcy laws can stimulate entrepreneurial activity, as well as how entrepreneurs consider corporate insolvency legislation. To answer these questions, the study focuses on the case of France, which implemented a major corporate bankruptcy reform in 2006. France represents a compelling case, as it is the developed economy with the lowest creditor-friendly index score. The potential impact of the reform on French entrepreneurs is assessed on quantitative and qualitative grounds through an explanatory sequential mixed method. The results of our quantitative study suggest that the reform of the corporate insolvency procedures introduced in 2006 by the French government did not have a significant impact on entrepreneurial activity in France. Our qualitative results indicate that this may be due to low awareness of entrepreneurs regarding bankruptcy laws because failure is not the focus of entrepreneurs’ attention. However, it is crucial to note that as many variables come into play when dealing with entrepreneurship, the impact of the reform on entrepreneurship may have been affected by other events not taken into account in that model. In the qualitative part, we interviewed French entrepreneurs active at the time of the reform as well as professionals in charge of assisting entrepreneurs whose firms are in difficulties. We tried to investigate what importance entrepreneurs grant to bankruptcy laws and assess the general awareness of entrepreneurs regarding bankruptcy legislation. We also attempted to assess the impact the reform may have had on them, and how they consider the reform. Our qualitative study suggests low awareness regarding the corporate insolvency legislation among entrepreneurs. Interviewees assessed the reform as progress; the main positive feature was the prevention aspect, which allows entrepreneurs who anticipate difficulties to benefit from special procedures. This study may be of interest to policymakers wishing to develop entrepreneurship as well as to entrepreneurs looking for a better understanding of how the institutions impact on them. |
publishDate |
2018 |
dc.date.accessioned.fl_str_mv |
2018-05-03T12:14:51Z |
dc.date.available.fl_str_mv |
2018-05-03T12:14:51Z |
dc.date.issued.fl_str_mv |
2018 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/22968 |
url |
http://hdl.handle.net/10438/22968 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
reponame:Repositório Institucional do FGV (FGV Repositório Digital) instname:Fundação Getulio Vargas (FGV) instacron:FGV |
instname_str |
Fundação Getulio Vargas (FGV) |
instacron_str |
FGV |
institution |
FGV |
reponame_str |
Repositório Institucional do FGV (FGV Repositório Digital) |
collection |
Repositório Institucional do FGV (FGV Repositório Digital) |
bitstream.url.fl_str_mv |
http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/6/MPGI%20Thesis%20Dissertation%20Final%20Alexis%20Ceccaldi%2002%20May%20%281%29.pdf.txt http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/3/MPGI%20Thesis%20Dissertation%20Final%20Alexis%20Ceccaldi%2002%20May%20%281%29.pdf http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/4/license.txt http://bibliotecadigital.fgv.br:80/dspace/bitstream/10438/22968/5/MPGI%20Thesis%20Dissertation%20Final%20Alexis%20Ceccaldi%2002%20May%20%281%29.pdf.jpg |
bitstream.checksum.fl_str_mv |
2ae5cf8fc378d570329a5047867c3cac c8c33024dc4fea5dc1040cea23559e90 dfb340242cced38a6cca06c627998fa1 79508bc01fac15a3bde958876eb54abc |
bitstream.checksumAlgorithm.fl_str_mv |
MD5 MD5 MD5 MD5 |
repository.name.fl_str_mv |
|
repository.mail.fl_str_mv |
|
_version_ |
1742146225799430144 |