A resource-based analysis of bankruptcy law, SMEs and corporate recovery
提出用资源基础观评估破产中小企业的生存能力，通过检验七个假设发现，拥有资源优势但因暂时因素破产的企业更可能在英国公司自愿安排中成功，说明设计良好的破产法能促进中小企业和创业。
The UK Company Voluntary Arrangement (CVA) is an early example of a bankruptcy regime designed to aid the rescue of financially distressed SMEs. Its efficacy hinges on its application to aid only viable companies with liquidation as the preferred option for companies that are not viable. This article proposes the resource-based view as a theoretical means to assess the viability of bankrupt SMEs. Seven hypotheses are tested and provide support for the central proposition, that a company which has resource strength, but is pushed into bankruptcy by temporary factors, is more likely to succeed in a CVA. The article concludes that the resource-based view is useful for analysing the viability of bankrupt companies and that well-designed bankruptcy law can promote SMEs and entrepreneurship.