The impact of the financial crisis on new firm registration

Abstract

No AccessPolicy Research Working Papers22 Jun 2013The impact of the financial crisis on new firm registrationAuthors/Editors: Inessa Love, Leora KlapperInessa Love, Leora Klapperhttps://doi.org/10.1596/1813-9450-5444SectionsAboutPDF (0.6 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:The authors use panel data on the number of new firm registrations in 95 countries to study the impact of the business environment and 2008 financial crisis on new firm registration. The data show that more dynamic formal business creation occurs in countries that provide entrepreneurs with a stable legal and regulatory regime, fast and inexpensive business registration process, more flexible employment regulations, and low corporate taxes. The data also show that nearly all countries experienced a sharp drop in business entry during the crisis. This drop is more pronounced in countries with higher levels of financial development and countries more affected by the crisis. Previous bookNext book FiguresReferencesRecommendedDetails View Published: October 2010 Copyright & Permissions Related TopicsEnvironmentGovernanceMacroeconomics and Economic GrowthPrivate Sector Development KeywordsACCOUNTABILITYBUSINESS ENVIRONMENTCORRUPTIONCOUNTRY DATAECONOMIC DEVELOPMENTECONOMIC GROWTHFINANCIAL DEVELOPMENTFINANCIAL INFORMATIONGOVERNMENT EFFECTIVENESSINCOMEINSTITUTIONAL QUALITYLEGAL SYSTEMSLOCAL BUSINESSLOW INCOME COUNTRIESMARKET ECONOMYPOLITICAL STABILITYPRIVATE SECTOR DEVELOPMENTREGULATORY QUALITYREGULATORY REGIMERULE OF LAW PDF DownloadLoading ...

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