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dc.contributor.authorBishop, PR
dc.date.accessioned2016-12-12T11:41:41Z
dc.date.issued2016-12-06
dc.identifier.issn0042-0980
dc.identifier.issn1360-063X
dc.identifier.urihttp://hdl.handle.net/10026.1/8109
dc.description.abstract

This article offers an explanation for the wide spatial variations in choice of insolvency route by personal debtors across local authorities in England and Wales. It is argued that formal bankruptcy has a more negative impact on social capital through stigma effects than the alternative of Individual Voluntary Arrangements. Consequently, spatial variations in choices are related to variations in social capital. The hypotheses derived from this approach are tested through the use of spatial econometric models utilising data from England and Wales. The results provide support for a positive link between variables related to social capital (age, mobility and home ownership) and choice of IVAs. It is argued that avoidance of stigma costs provides an explanation for the apparent paradox of the significant growth of IVAs despite their high cost to debtors compared to bankruptcy. Whilst there is only limited support for impacts directly related to the urban-rural environment, significant spatial interdependencies in choices across neighbouring areas are also uncovered.

dc.format.extent3738-3754
dc.languageen
dc.language.isoen
dc.publisherSAGE Publications
dc.subjectBasic Behavioral and Social Science
dc.subjectBehavioral and Social Science
dc.titleSpatial variations in personal insolvency choices: the role of stigma and social capital
dc.typejournal-article
dc.typeJournal Article
plymouth.issue16
plymouth.volume54
plymouth.publication-statusPublished
plymouth.journalUrban Studies
dc.identifier.doi10.1177/0042098016679765
plymouth.organisational-group/Plymouth
plymouth.organisational-group/Plymouth/REF 2021 Researchers by UoA
plymouth.organisational-group/Plymouth/REF 2021 Researchers by UoA/UoA17 Business and Management Studies
dcterms.dateAccepted2016-10-11
dc.rights.embargodate2017-12-6
dc.identifier.eissn1360-063X
dc.rights.embargoperiod12 months
rioxxterms.versionofrecord10.1177/0042098016679765
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved
rioxxterms.licenseref.startdate2016-12-06
rioxxterms.typeJournal Article/Review


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