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Bankruptcy of the small firm

Information

This presentation focuses on the legal context, conceptual framework, and important empirical findings in small business bankruptcy. The discussion will focus on both the ex-ante effect of the bankruptcy institution–i.e., how it may affect innovation and entrepreneurship; and the ex post resolution of small business cases.


Lecturer: Katherine Waldock (Columbia Law School)

Date: January 18th, 2021

Slides (ppt)

Reading list

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Morrison, E. R. (2007). Bankruptcy decision making: an empirical study of continuation bias in small-business bankruptcies. The Journal of Law and Economics, 50(2), 381-419.

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Morrison, E. R. & Small, T. (2010). Status Report on the Small Business Reorganization Legislation. National Bankruptcy Conference Report.

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White, M. J. (2016). Small business bankruptcy. Annual Review of Financial Economics, 8, 317-336.