Title: Personal Bankruptcy Law and Innovation Around the World

Speaker: Rong Zhao, Professor, Wenlan College, Zhongnan University of Economics and Law. Research: firm innovation, corporate finance, population mobility; published widely in domestic & international journals.

Abstract: Because limited liability shields entrepreneurs’ personal assets, creditors sometimes require personal collateral from risky startups. Reforms that favor debtor protection (in Personal Bankruptcy Law) can boost patent counts, citations and entry-by-first-time patenters, and reallocate innovation across industries closer to the US pattern. Effects are driven by small high-risk entrants and tend to be weaker where minimum capital rules exist; debtor-friendly reforms also improve value-added growth and allocative efficiency.

Date & time: 7 December 2024, 13:00–14:00

Venue: Room B408, Zhixin Building, Central Campus, Shandong University