The Impact of the Financial Crisis on New Firm Registration

By L. Klapper, Inessa Love. 2010

254 citations recorded by the source corpus.

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.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/e4ef073bce310d749e9cf12ef51c2b62103a557d

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Citations in the corpus

Measuring Financial Inclusion : The Global Findex Database (2012, unknown): “Klapper and Love 2011.”
National Systems of Entrepreneurship: Measurement issues and policy implications (2014, background): “In the World Bank definiion, entrepreneurship is defined as: “The activities of an individual r a group aimed at initiating economic enterprise in the formal secor under a legal form of business” (Klapper and Love, 2010: 4).”
Entrepreneurial intention in the time of crisis: a field study (2016, background): “Klapper and Love (2011), for instance, show that with the onset of the current financial crisis, new business creation slowed down, first in developed countries and then in the rest of the world, paralleling the spread of the crisis.”
Jobs for Shared Prosperity: Time for Action in the Middle East and North Africa (2013, background): “6.1 Signals important for hiring Source: Phone interview with recruiters, February 2012.”
The Impact of Business Environment Reforms on New Firm Registration (2010, unknown): “Thus, Klapper and Love (2010) show that number of registered businesses is increasing overtime; in other words there is a trend toward more formalization.”