Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries

Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries

The aim of this paper is to provide an updated survey of the "state of the art" in entrepreneurial studies with a particular focus on developing countries (DCs). In particular, the concept of "entrepreneurship" is critically dis...

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Bibliographic Details
Main Authors:	Quatraro, Francesco, Vivarelli, Marco
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	ABSENCE OF CREDIT ACCESS TO EXTERNAL FINANCE AGRICULTURAL CREDIT AUTONOMY BANK DEPOSITS BANK LOANS BANK OFFICIALS BANKRUPTCY BANKRUPTCY LAWS BANKS BARRIERS TO GROWTH BORROWING BRIBES BRIBING BUSINESS CYCLES BUSINESS ENTERPRISE BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS FORMATION BUSINESS OPPORTUNITIES BUSINESS OPPORTUNITY BUSINESS ORGANIZATION BUSINESS OWNERS CAPITAL MARKET CAPITAL MARKETS CAPITAL STOCK COMPARATIVE ADVANTAGE COMPARATIVE ANALYSIS CONTRACT ENFORCEMENT CORRUPTION CREDIT ACCESS CREDIT CONSTRAINTS CREDIT GUARANTEE CREDIT RATIONING CREDIT SCORING CREDIT SCORING MODEL DEBT DEMOGRAPHICS DEVELOPED COUNTRIES DEVELOPING COUNTRY CONTEXT DEVELOPMENT BANK ECONOMETRIC EVIDENCE ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC DYNAMICS ECONOMIC GROWTH ECONOMIC POLICY ECONOMIC SUCCESS ECONOMICS EDUCATION LEVELS ELIGIBILITY CRITERIA EMPIRICAL EVIDENCE EMPIRICAL STUDIES EMPLOYEE EMPLOYER EMPLOYMENT EMPLOYMENT GROWTH ENTREPRENEUR ENTREPRENEURIAL ACTIVITIES ENTREPRENEURIAL ACTIVITY ENTREPRENEURIAL BEHAVIOR ENTREPRENEURIAL DEVELOPMENT ENTREPRENEURIAL INITIATIVES ENTREPRENEURIAL OPPORTUNITIES ENTREPRENEURIAL SUCCESS ENTREPRENEURIAL VENTURES ENTREPRENEURS ENTREPRENEURSHIP ENTREPRENEURSHIP DEVELOPMENT ENTREPRENEURSHIP TRAINING ENTRY BARRIERS ENVIRONMENTAL EQUILIBRIUM ETHNIC MINORITIES ETHNIC MINORITY EXPANSION EXPLOITATION EXTERNAL CAPITAL EXTERNAL FINANCE EXTERNALITIES FINANCIAL AID FINANCIAL CAPITAL FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL RATIOS FINANCIAL SUPPORT FIRM SIZE FIRMS FORMAL BANK GOVERNMENT CREDIT GOVERNMENT FUNDING GOVERNMENT POLICY HUMAN CAPITAL INDIGENOUS COMPANIES INEQUALITIES INEQUALITY INFORMAL LOANS INFORMATION ASYMMETRIES INTERNAL FINANCE INTERNATIONAL BANK JOB CREATION JOB LOSSES LABOR FORCE LABOR MARKET LACK OF COLLATERAL LACK OF CREDIT LACK OF PROPERTY LEARNING OPPORTUNITIES MANUFACTURING ENTERPRISE MANUFACTURING ENTERPRISES MARKET POWER MICROCREDIT MICROFINANCE MICROFINANCE ORGANIZATIONS MINORITY COMMUNITY MINORITY ENTREPRENEURS MINORITY GROUP MULTINATIONALS NEW BUSINESS NEW BUSINESSES NEW COMPANIES NEW COMPANY NEW ENTRANTS OUTREACH OVERDRAFTS PARENT COMPANY POLICY INSTRUMENTS POLICY MAKERS POLITICAL ECONOMY PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITABILITY PROPERTY RIGHTS PUBLIC POLICY REAL WAGES RECESSION RED TAPE REGULATORY FRAMEWORK SALES GROWTH SAVING PLANS SELF-EMPLOYMENT SIZE OF FIRMS SMALL BUSINESS SMALL BUSINESS MANAGEMENT SMALL BUSINESSES SMALL ENTERPRISES SMALL FIRM SMALL FIRMS SME SME LENDING SOCIAL NETWORK SOURCES OF CREDIT SPINOFFS START-UP START-UPS STATISTICAL ANALYSIS SUPPLIER TAX CREDITS TAXATION TECHNOLOGICAL CHANGE TRADE CREDIT TRANSACTION COSTS TRANSPORT UNEMPLOYMENT VENTURE CAPITAL WATER SUPPLY
Online Access:	http://documents.worldbank.org/curated/en/2014/10/20317290/drivers-entrepreneurship-post-entry-performance-newborn-firms-developing-countries http://hdl.handle.net/10986/20508

Description
Summary:	The aim of this paper is to provide an updated survey of the "state of the art" in entrepreneurial studies with a particular focus on developing countries (DCs). In particular, the concept of "entrepreneurship" is critically discussed, followed by a discussion of the institutional, macroeconomic, and microeconomic conditions that affect the entry of new firms and the post-entry performance of newborn firms. The reviewed literature bears some policy implications for the support of the creation new firms, such as the targeting of policy measures to prospective entrepreneurs who possess high education levels, long previous job experience, and innovative skills. Specifically, for DCs, tailored subsidies and support should be coupled with framework and infrastructural policies that are able to improve the business environment such that new ventures can start and grow.

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