'Best Paper' Awarded by Advocacy at the Babson College Entrepreneurship Research...

'Best Paper' Awarded by Advocacy at the Babson College Entrepreneurship
Research Conference

Presented to Seung-Hyun Lee, Yasuhiro Yamakawa, and Mike W. Peng of the
University of Texas at Dallas

WASHINGTON, June 6 /PRNewswire-USNewswire/ -- Two professors and a doctoral
student today received the Office of Advocacy's "Best Paper" award at the
Babson College Entrepreneurship Research Conference held in Chapel Hill, North
Carolina. The award honors Assistant Professor of Organizations, Strategy, and
International Management Seung-Hyun Lee, Ph.D. Student Yasuhiro Yamakawa, and
Provost's Distinguished Professor of Global Strategy Mike W. Peng, all with
the School of Management at the University of Texas at Dallas for their paper
Entrepreneurship and the Barrier to Exit: How Does an Entrepreneur-Friendly
Bankruptcy Law Affect Entrepreneurship Development at a Societal Level?

The paper, which was originally presented in Madrid, Spain, at the Babson
College Entrepreneurial Research Conference in June 2007, tests hypotheses
related to the relationship between bankruptcy law and the value-creating
activities associated with risk-taking behavior by entrepreneurial firms. The
study finds that a lenient, entrepreneur-friendly bankruptcy law encourages
entrepreneurs to take risks and thus lets entrepreneurship prosper.

"This paper is an excellent example of the type of scholarship our Best Paper
Award is intended to highlight," said Office of Advocacy Chief Economist Chad
Moutray. "This kind of research provides a sound theoretical basis for public
policy choices, in this case analyzing the infrastructure that fosters
value-creating activities by firms with high growth potential," he said.

The Office of Advocacy, the "small business watchdog" of the federal
government, examines the role and status of small business in the economy and
independently represents the views of small business to federal agencies,
Congress, and the President. It is the source for small business statistics
presented in user-friendly formats, and it funds research into small business
issues.

For more information and a copy of the working paper, visit the Office of
Advocacy website at www.sba.gov/advo.

The Office of Advocacy of the U.S. Small Business Administration (SBA) is an
independent voice for small business within the federal government. The
presidentially appointed Chief Counsel for Advocacy advances the views,
concerns, and interests of small business before Congress, the White House,
federal agencies, federal courts, and state policy makers. For more
information, visit www.sba.gov/advo, or call (202) 205-6533.

SOURCE Office of Advocacy of the U.S. Small Business Administration

John McDowell of SBA, +1-202-205-6941, john.mcdowell@sba.gov