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dc.contributor.authorPrantl, Susanneen_US
dc.date.accessioned2009-02-16T14:47:57Z-
dc.date.available2009-02-16T14:47:57Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/24022-
dc.description.abstractExploiting 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.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 03-72en_US
dc.subject.jelC14en_US
dc.subject.jelL20en_US
dc.subject.jelP30en_US
dc.subject.jelP52en_US
dc.subject.jelC41en_US
dc.subject.ddc330en_US
dc.subject.keywordExiten_US
dc.subject.keywordBankruptcyen_US
dc.subject.keywordVoluntary Liquidationen_US
dc.subject.keywordTransition Economyen_US
dc.subject.keywordDuration Analysisen_US
dc.subject.stwMarktaustritten_US
dc.subject.stwLiquidationen_US
dc.subject.stwKonkursen_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwVergleichen_US
dc.subject.stwAlte Bundesländeren_US
dc.subject.stwNeue Bundesländeren_US
dc.subject.stwDeutschlanden_US
dc.titleBankruptcy and Voluntary Liquidation: Evidence for New Firms in East and West Germany after Unificationen_US
dc.typeWorking Paperen_US
dc.identifier.ppn378895923en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:1682-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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