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Slide Notes

We have often discussed our observation that there seemed to be a difference in public perception of bankruptcy between individuals and businesses. My three colleagues and I decided to study this topic and determine if our perception was correct.

bankruptcy preso

Published on Mar 20, 2019

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PRESENTATION OUTLINE

Banqueroute or Banca Rotta: Failure for the Individual and Strategy for the Corporation

We have often discussed our observation that there seemed to be a difference in public perception of bankruptcy between individuals and businesses. My three colleagues and I decided to study this topic and determine if our perception was correct.
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John X. Volker
Michael D. Phillips
Gloria J. Miller
Mark X. James

John X. Volker, Michael D. Phillips, and Gloria J. Miller are professors at Austin Peay State University and Mark X. James is a professor at Columbus State University.
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Stigma

Two Purposes

  • equitable division of bankrupt's property
  • prevent debtor from actions detrimental to creditors.
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Bankruptcy is modern

  • Ancients relied on Graeca fides (Greek trust--No Trust)
  • Development of Capitalism required the development of credit markets.
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Horror

Criminalization

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The Question

the instrument

results

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PAIR 1 p
Subjects believe bankruptcy to be a viable business strategy whereas individual bankrupts are irresponsible.

PAIR 2 p
Subjects viewed business bankruptcy less negatively than personal bankruptcy.

PAIR 3 p
Subjects believe personal bankruptcy is viewed more negatively than business bankruptcy.

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PAIR 4 p
Subjects didn't perceive a difference of impact on others between personal and business bankruptcies.

PAIR 5 p
Subjects believe a personal bankrupt should feel shame.

 The Entrepreneur

The shield

Thankyou

questions? 
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John Volker

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