破产审判改革能否激发企业家精神:机制识别与经济后果  

Can Bankruptcy Trial Reform Stimulate Entrepreneurship:Mechanism Identification and Economic Consequences

作　　者：方福前[1] 江成涛 郑德昌 FANG Fuqian;JIANG Chengtao;ZHENG Dechang(Renmin University of China;Huazhong University of Science and Technology)

机构地区：[1]中国人民大学经济学院 [2]华中科技大学经济学院

出　　处：《经济学（季刊）》2024年第6期2009-2024,共16页China Economic Quarterly

基　　金：教育部哲学社会科学研究重大专项项目(2023JZDZ028);中央高校基本科研业务费专项资金资助项目(23XNH064)的资助。

摘　　要：本文以各地破产审判庭的分批设立作为自然实验,发现破产审判改革显著提高了地区各行业的新企业进入数量;创业预期改善和要素资源释放是破产审判改革激发企业家精神的作用机制;另外,破产审判改革有利于提升地区资源配置效率和就业水平,从而在总量层面实现了效率改善和福利增进。本文揭示出破产审判改革的经济价值,为依靠法治手段完善市场退出机制,激发企业家精神进而塑造经济增长新动能提供了有益的政策参考。This research exploits the natural-experiment induced by staggered establishment of bankruptcy tribunals in China and uncover that bankruptcy reform has a positive effect on regional entrepreneurship.The mechanisms behind this influence are the improvement of entrepreneurial expectations and the release of factor resources.Moreover,the bankruptcy trial reform promotes regional resource allocation efficiency and employment thus achieving efficiency improvement and welfare enhancement at the aggregate level.This research sheds light on the role bankruptcy trial reform played in stimulating entrepreneurship and provides policy references for improving the market exit mechanism to promote economic growth.

关 键 词：破产审判改革 破产审判庭 企业家精神 

分 类 号：F272.91[经济管理—企业管理] D64[经济管理—国民经济]