New research by Hosein Maleki, Mahsa Kaviani, Simi Kedia, and Shay Pourvosoughi shows that women-owned firms are less likely to get a second chance after filing for bankruptcy and that the gap between male- and female-owned firm filings widens when courts are overloaded.
Joseph Schumpeter, ironically remembered for glorifying the entrepreneur’s penchant for creative destruction and innovation, actually warned against exalting entrepreneurs as the redeemers of inefficient political...