The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies

Panel data for 91 countries are used to study how the ease of registering a business and the magnitude of registration reforms affect new registrations of limited liability companies (LLCs). The costs, days, and procedures required to start a business are found to be important predictors of new LLC...

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Bibliographic Details
Main Authors:	Klapper, Leora, Love, Inessa
Format:	Journal Article
Published:	Published by Oxford University Press on behalf of the World Bank 2018
Subjects:	BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM
Online Access:	http://hdl.handle.net/10986/29123

id	okr-10986-29123
recordtype	oai_dc
spelling	okr-10986-291232021-05-25T10:54:42Z The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies Klapper, Leora Love, Inessa BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM Panel data for 91 countries are used to study how the ease of registering a business and the magnitude of registration reforms affect new registrations of limited liability companies (LLCs). The costs, days, and procedures required to start a business are found to be important predictors of new LLC registration. Panel regressions also show important synergies in multiple reforms of two or more business environment indicators. These results are consistent with the intuition that to be effective, reforms should be sufficiently large so that the costs of registration are lower than the expected benefits. In addition, countries with relatively weaker business environments prior to reforms require relatively larger reforms to impact the number of newly registered LLCs. 2018-01-03T20:38:17Z 2018-01-03T20:38:17Z 2016-07-01 Journal Article World Bank Economic Review 1564-698X http://hdl.handle.net/10986/29123 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Published by Oxford University Press on behalf of the World Bank Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM
spellingShingle	BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM Klapper, Leora Love, Inessa The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies
description	Panel data for 91 countries are used to study how the ease of registering a business and the magnitude of registration reforms affect new registrations of limited liability companies (LLCs). The costs, days, and procedures required to start a business are found to be important predictors of new LLC registration. Panel regressions also show important synergies in multiple reforms of two or more business environment indicators. These results are consistent with the intuition that to be effective, reforms should be sufficiently large so that the costs of registration are lower than the expected benefits. In addition, countries with relatively weaker business environments prior to reforms require relatively larger reforms to impact the number of newly registered LLCs.
format	Journal Article
author	Klapper, Leora Love, Inessa
author_facet	Klapper, Leora Love, Inessa
author_sort	Klapper, Leora
title	The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies
title_short	The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies
title_full	The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies
title_fullStr	The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies
title_full_unstemmed	The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies
title_sort	impact of business environment reforms on new registrations of limited liability companies
publisher	Published by Oxford University Press on behalf of the World Bank
publishDate	2018
url	http://hdl.handle.net/10986/29123
_version_	1764468552228667392

The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies

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