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dc.contributor.authorPrantl, Susanneen
dc.date.accessioned2009-02-16T14:47:57Z-
dc.date.available2009-02-16T14:47:57Z-
dc.date.issued2003-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x03-72en
dc.subject.jelC14en
dc.subject.jelL20en
dc.subject.jelP30en
dc.subject.jelP52en
dc.subject.jelC41en
dc.subject.ddc330en
dc.subject.keywordExiten
dc.subject.keywordBankruptcyen
dc.subject.keywordVoluntary Liquidationen
dc.subject.keywordTransition Economyen
dc.subject.keywordDuration Analysisen
dc.subject.stwMarktaustritten
dc.subject.stwLiquidationen
dc.subject.stwKonkursen
dc.subject.stwUnternehmensgründungen
dc.subject.stwVergleichen
dc.subject.stwAlte Bundesländeren
dc.subject.stwNeue Bundesländeren
dc.subject.stwDeutschlanden
dc.titleBankruptcy and Voluntary Liquidation: Evidence for New Firms in East and West Germany after Unification-
dc.typeWorking Paperen
dc.identifier.ppn378895923en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:1682en

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