Encyclopedia of Community: From the Village to the Virtual World

Karen Christensen; David Levinson

doi:10.4135/9781412952583

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Bankruptcy

Edited by:
Karen Christensen
&
David Levinson
In:Encyclopedia of Community: From the Village to the Virtual World
Chapter DOI:https://doi.org/10.4135/9781412952583
Subject:Community Psychology, Sociology of Communities
Keywords:bankruptcy; firms

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Bankruptcy—called creative destruction by the economist Joseph Alois Schumpeter (1883–1950)—is the process by which the old and inefficient give way to the new and dynamic. The fear of bankruptcy is the stick, which together with the carrot of profits, drives firms ...

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  Christensen, K., & Levinson, D. (2003). Bankruptcy. In Encyclopedia of Community: From the Village to the Virtual World (Vol. 4, pp. 82-82). SAGE Publications, Inc., https://doi.org/10.4135/9781412952583
  
  Christensen, Karen, and David Levinson. "Bankruptcy." In Encyclopedia of Community: From the Village to the Virtual World, edited by Christensen, Karen, and David Levinson, 82. Thousand Oaks, CA: SAGE Publications, Inc., 2003. https://doi.org/10.4135/9781412952583.
  
  Christensen, K. and Levinson, D. 2003. Bankruptcy. In: Encyclopedia of Community: From the Village to the Virtual World. Karen Christensen and David Levinson Editors, Thousand Oaks, CA: SAGE Publications, Inc. pp. 82 Available at: <https://doi.org/10.4135/9781412952583> [Accessed 10 Dec 2023].
  
  Christensen, Karen and David Levinson. "Bankruptcy." Encyclopedia of Community: From the Village to the Virtual World. Edited by Vol. 4. Thousand Oaks: SAGE Publications, Inc., 2003, pp. 82. Sage Knowledge, doi: https://doi.org/10.4135/9781412952583.
  
  Christensen, Karen, and David Levinson. Bankruptcy. In Encyclopedia of Community: From the Village to the Virtual World. Vol. 4. Thousand Oaks, CA: SAGE Publications, Inc.; 2003: 82-82. doi:10.4135/9781412952583
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