The Impact of the Financial Crisis on New Firm Registration

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...

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Main Authors:	Klapper, Leora, Love, Inessa
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTABILITY BANK CREDIT BANKRUPTCY BARRIER BARRIERS TO ENTRY BUSINESS ECONOMICS BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS REGISTRATION BUSINESS REGISTRATIONS BUSINESS STRATEGY BUSINESSES CAPABILITIES CHAMBERS OF COMMERCE CORPORATE TAX CORPORATE TAXES CORRELATION MATRIX CORRUPTION COUNTRY CHARACTERISTICS COUNTRY DATA COUNTRY FIXED EFFECTS COUNTRY-LEVEL INDICATOR CREDIT RATING CREDIT RATIONING DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOMESTIC ECONOMY E-MAIL ECONOMIC CENSUSES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STRUCTURES ECONOMIC SYSTEMS ENTRY POINT EVOLUTIONARY ECONOMICS EXCHANGE RATE EXPLOITATION EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL MARKETS FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM GROWTH GDP GDP PER CAPITA GLOBALIZATION GOVERNANCE INDICATORS GOVERNANCE MEASURES GOVERNMENT EFFECTIVENESS GOVERNMENT ENTITY GROWTH RATE GROWTH RATES INCOME INCOME GROUP INCOME GROUPS INCOME LEVEL INCOME LEVELS INFORMAL ECONOMY INSTITUTIONAL INVESTOR INSTITUTIONAL QUALITY INTEREST RATES INVESTMENT CLIMATE JOB CREATION LEGAL CONSTRAINTS LEGAL REGIMES LEGAL SYSTEMS LESS DEVELOPED COUNTRIES LIMITED LIABILITY COMPANIES LOCAL BUSINESS LOW INCOME COUNTRIES LOW-INCOME COUNTRIES LOWER INCOME COUNTRIES MACROECONOMIC VARIABLES MARKET ECONOMY MARKET ENTRY METADATA MIDDLE INCOME COUNTRIES OIL PHONE POLITICAL STABILITY PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT RED TAPE REGISTRIES REGISTRY REGULATORY ENVIRONMENT REGULATORY QUALITY REGULATORY REGIME RESULT RESULTS RULE OF LAW SMALL BUSINESS STANDARD UNIT OF MEASUREMENT STARTUPS STOCK PRICE TAX RATE TAXATION TIME FRAME TRANSMISSION TURNOVER USES WEB WORLD DEVELOPMENT INDICATORS
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101012085129 http://hdl.handle.net/10986/3926

id	okr-10986-3926
recordtype	oai_dc
spelling	okr-10986-39262021-04-23T14:02:13Z The Impact of the Financial Crisis on New Firm Registration Klapper, Leora Love, Inessa ACCOUNTABILITY BANK CREDIT BANKRUPTCY BARRIER BARRIERS TO ENTRY BUSINESS ECONOMICS BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS REGISTRATION BUSINESS REGISTRATIONS BUSINESS STRATEGY BUSINESSES CAPABILITIES CHAMBERS OF COMMERCE CORPORATE TAX CORPORATE TAXES CORRELATION MATRIX CORRUPTION COUNTRY CHARACTERISTICS COUNTRY DATA COUNTRY FIXED EFFECTS COUNTRY-LEVEL INDICATOR CREDIT RATING CREDIT RATIONING DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOMESTIC ECONOMY E-MAIL ECONOMIC CENSUSES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STRUCTURES ECONOMIC SYSTEMS ENTRY POINT EVOLUTIONARY ECONOMICS EXCHANGE RATE EXPLOITATION EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL MARKETS FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM GROWTH GDP GDP PER CAPITA GLOBALIZATION GOVERNANCE INDICATORS GOVERNANCE MEASURES GOVERNMENT EFFECTIVENESS GOVERNMENT ENTITY GROWTH RATE GROWTH RATES INCOME INCOME GROUP INCOME GROUPS INCOME LEVEL INCOME LEVELS INFORMAL ECONOMY INSTITUTIONAL INVESTOR INSTITUTIONAL QUALITY INTEREST RATES INVESTMENT CLIMATE JOB CREATION LEGAL CONSTRAINTS LEGAL REGIMES LEGAL SYSTEMS LESS DEVELOPED COUNTRIES LIMITED LIABILITY COMPANIES LOCAL BUSINESS LOW INCOME COUNTRIES LOW-INCOME COUNTRIES LOWER INCOME COUNTRIES MACROECONOMIC VARIABLES MARKET ECONOMY MARKET ENTRY METADATA MIDDLE INCOME COUNTRIES OIL PHONE POLITICAL STABILITY PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT RED TAPE REGISTRIES REGISTRY REGULATORY ENVIRONMENT REGULATORY QUALITY REGULATORY REGIME RESULT RESULTS RULE OF LAW SMALL BUSINESS STANDARD UNIT OF MEASUREMENT STARTUPS STOCK PRICE TAX RATE TAXATION TIME FRAME TRANSMISSION TURNOVER USES WEB WORLD DEVELOPMENT INDICATORS 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. 2012-03-19T18:42:18Z 2012-03-19T18:42:18Z 2010-10-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101012085129 http://hdl.handle.net/10986/3926 English Policy Research working paper ; no. WPS 5444 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTABILITY BANK CREDIT BANKRUPTCY BARRIER BARRIERS TO ENTRY BUSINESS ECONOMICS BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS REGISTRATION BUSINESS REGISTRATIONS BUSINESS STRATEGY BUSINESSES CAPABILITIES CHAMBERS OF COMMERCE CORPORATE TAX CORPORATE TAXES CORRELATION MATRIX CORRUPTION COUNTRY CHARACTERISTICS COUNTRY DATA COUNTRY FIXED EFFECTS COUNTRY-LEVEL INDICATOR CREDIT RATING CREDIT RATIONING DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOMESTIC ECONOMY E-MAIL ECONOMIC CENSUSES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STRUCTURES ECONOMIC SYSTEMS ENTRY POINT EVOLUTIONARY ECONOMICS EXCHANGE RATE EXPLOITATION EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL MARKETS FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM GROWTH GDP GDP PER CAPITA GLOBALIZATION GOVERNANCE INDICATORS GOVERNANCE MEASURES GOVERNMENT EFFECTIVENESS GOVERNMENT ENTITY GROWTH RATE GROWTH RATES INCOME INCOME GROUP INCOME GROUPS INCOME LEVEL INCOME LEVELS INFORMAL ECONOMY INSTITUTIONAL INVESTOR INSTITUTIONAL QUALITY INTEREST RATES INVESTMENT CLIMATE JOB CREATION LEGAL CONSTRAINTS LEGAL REGIMES LEGAL SYSTEMS LESS DEVELOPED COUNTRIES LIMITED LIABILITY COMPANIES LOCAL BUSINESS LOW INCOME COUNTRIES LOW-INCOME COUNTRIES LOWER INCOME COUNTRIES MACROECONOMIC VARIABLES MARKET ECONOMY MARKET ENTRY METADATA MIDDLE INCOME COUNTRIES OIL PHONE POLITICAL STABILITY PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT RED TAPE REGISTRIES REGISTRY REGULATORY ENVIRONMENT REGULATORY QUALITY REGULATORY REGIME RESULT RESULTS RULE OF LAW SMALL BUSINESS STANDARD UNIT OF MEASUREMENT STARTUPS STOCK PRICE TAX RATE TAXATION TIME FRAME TRANSMISSION TURNOVER USES WEB WORLD DEVELOPMENT INDICATORS
spellingShingle	ACCOUNTABILITY BANK CREDIT BANKRUPTCY BARRIER BARRIERS TO ENTRY BUSINESS ECONOMICS BUSINESS ENTRY BUSINESS ENVIRONMENT BUSINESS REGISTRATION BUSINESS REGISTRATIONS BUSINESS STRATEGY BUSINESSES CAPABILITIES CHAMBERS OF COMMERCE CORPORATE TAX CORPORATE TAXES CORRELATION MATRIX CORRUPTION COUNTRY CHARACTERISTICS COUNTRY DATA COUNTRY FIXED EFFECTS COUNTRY-LEVEL INDICATOR CREDIT RATING CREDIT RATIONING DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING ECONOMIES DOMESTIC ECONOMY E-MAIL ECONOMIC CENSUSES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STRUCTURES ECONOMIC SYSTEMS ENTRY POINT EVOLUTIONARY ECONOMICS EXCHANGE RATE EXPLOITATION EXTERNAL FINANCE FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INFORMATION FINANCIAL MARKETS FINANCIAL REPORTS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL STATEMENTS FINANCIAL SUPPORT FIRM GROWTH GDP GDP PER CAPITA GLOBALIZATION GOVERNANCE INDICATORS GOVERNANCE MEASURES GOVERNMENT EFFECTIVENESS GOVERNMENT ENTITY GROWTH RATE GROWTH RATES INCOME INCOME GROUP INCOME GROUPS INCOME LEVEL INCOME LEVELS INFORMAL ECONOMY INSTITUTIONAL INVESTOR INSTITUTIONAL QUALITY INTEREST RATES INVESTMENT CLIMATE JOB CREATION LEGAL CONSTRAINTS LEGAL REGIMES LEGAL SYSTEMS LESS DEVELOPED COUNTRIES LIMITED LIABILITY COMPANIES LOCAL BUSINESS LOW INCOME COUNTRIES LOW-INCOME COUNTRIES LOWER INCOME COUNTRIES MACROECONOMIC VARIABLES MARKET ECONOMY MARKET ENTRY METADATA MIDDLE INCOME COUNTRIES OIL PHONE POLITICAL STABILITY PRIVATE EQUITY PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT RED TAPE REGISTRIES REGISTRY REGULATORY ENVIRONMENT REGULATORY QUALITY REGULATORY REGIME RESULT RESULTS RULE OF LAW SMALL BUSINESS STANDARD UNIT OF MEASUREMENT STARTUPS STOCK PRICE TAX RATE TAXATION TIME FRAME TRANSMISSION TURNOVER USES WEB WORLD DEVELOPMENT INDICATORS Klapper, Leora Love, Inessa The Impact of the Financial Crisis on New Firm Registration
geographic_facet	The World Region The World Region
relation	Policy Research working paper ; no. WPS 5444
description	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.
format	Publications & Research :: Policy Research Working Paper
author	Klapper, Leora Love, Inessa
author_facet	Klapper, Leora Love, Inessa
author_sort	Klapper, Leora
title	The Impact of the Financial Crisis on New Firm Registration
title_short	The Impact of the Financial Crisis on New Firm Registration
title_full	The Impact of the Financial Crisis on New Firm Registration
title_fullStr	The Impact of the Financial Crisis on New Firm Registration
title_full_unstemmed	The Impact of the Financial Crisis on New Firm Registration
title_sort	impact of the financial crisis on new firm registration
publishDate	2012
url	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101012085129 http://hdl.handle.net/10986/3926
_version_	1764389054254678016

The Impact of the Financial Crisis on New Firm Registration

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