ENTREPRENEURIAL HUMAN CAPITAL AND MICRO AND SMALL BUSINESS IN LAO PDR

Phanhpakit Onphanhdala · Terukazu Suruga

16 citations0/0 files storedThe Developing Economies

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Entrepreneurship Studies and Influences Firm Innovation and Growth Education and Labor Relations

Abstract

This paper examines the determinants of performance in 1,776 micro and small enterprises that represent all industry sectors and geographical regions in Lao PDR. Although considerable resources are being directed toward promotion schemes in the country, empirical research on this subject is very limited. This study provides concrete insights into development strategies, particularly investment in basic education. The impact of business experience is small and insignificant. The differences between urban and rural, and Lao and ethnic minorities are narrowing in the younger generation, but still remain very large. The difference between male and female entrepreneurs found in most reports is rejected regardless of region, groups, and generation. These findings would help to formulate further efforts attempting to promote this sector.

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References

1981Credit Rationing in Markets with Imperfect Information 1921Risk, Uncertainty and Profit 1994Initial human and financial capital as predictors of new venture performance 1997Survival of the Fittest? Entrepreneurial Human Capital and the Persistence of Underperforming Firms 2004Returns to investment in education: a further update 2007Credit Rationing in Markets With Imperfect Information 1996Rural credit programs and women's empowerment in Bangladesh 2005Microfinance and Poverty: Evidence Using Panel Data from Bangladesh

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2019Human Capital, Innovation and Entrepreneurship in Micro and Small Businesses in Laos 2017Entrepreneurship, Human and Social Capital, and Government Policy in Small and Medium Enterprise Development in Laos 2018The Impact of the Human Capacity Building on Small and Medium Enterprises in Lagos, Nigeria

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