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Les déterminants théoriques de la faillite de l’entrepreneur et l’efficience de l’allocation du risque juridique : un survol de littérature
[Theoretical determinants of the bankruptcy of the entrepreneur and the efficiency of the allowance of the legal risk : A review of literature]

Author

Listed:
  • Tarbalouti, Essaid

Abstract

In this article, we develop the various theories which explain the determinants of the bankruptcy of the entrepreneur and the justifications of law to allocate this risk. We distinguish the theories from impulsive behavior or irrationality, the bad luck and the capacity to evaluate the risk of bankruptcy of the entrepreneur. We wonder on the economic bases of these determinants and about the impact of the corrections made by the rules of the law on economic efficiency.

Suggested Citation

  • Tarbalouti, Essaid, 2010. "Les déterminants théoriques de la faillite de l’entrepreneur et l’efficience de l’allocation du risque juridique : un survol de littérature [Theoretical determinants of the bankruptcy of the entrep," MPRA Paper 56257, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:56257
    as

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    References listed on IDEAS

    as
    1. Easterbrook, Frank H., 1990. "Is corporate bankruptcy efficient?," Journal of Financial Economics, Elsevier, vol. 27(2), pages 411-417, October.
    2. Martel, Jocelyn, 1996. "Solutions au stress financier," L'Actualité Economique, Société Canadienne de Science Economique, vol. 72(1), pages 51-78, mars.
    3. Rose-Ackerman, Susan, 1991. "Risk Taking and Ruin: Bankruptcy and Investment Choice," The Journal of Legal Studies, University of Chicago Press, vol. 20(2), pages 277-310, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Law and Economic; bankruptcy; allowance of the risk; legal remedies; Behavior; economic effeciency;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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