Do Stringent Bankruptcy Laws Always Deter Entrepreneurial Activities? A Study of Cultural Influences
研究了文化维度（个人主义、男性气质、不确定性规避、权力距离）如何调节严格破产法对创业活动的影响，发现某些文化背景下严格破产法反而与创业活动正相关。
Stringent bankruptcy laws are generally understood to increase the costs of failure and thus not conducive for entrepreneurship. In this paper, theory is developed and tested exploring the moderating influences of the dimensions of culture—individualism—collectivism, masculinity–femininity, uncertainty avoidance, and power distance. Results of this study, from conditional fixed effects Poisson regressions, support that stringent bankruptcy laws are positively associated with the levels of entrepreneurial activity in certain cultural contexts.