Life After Death: A Field Experiment with Small Businesses on Information Frictions, Stigma, and Bankruptcy
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In an RCT with US small businesses, we document that a large share of firms are not well-informed about bankruptcy. Many assume that bankruptcy necessarily entails the death of a business and do not know about Chapter 11, where debts are renegotiated so that the business can continue operating.
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美国国家经济研究局创建时间：
2023-02-01
