Abstract

http://ssrn.com/abstract=1691286
 
 

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The Impact of the Financial Crisis on New Firm Registration


Leora F. Klapper


World Bank; World Bank - Development Research Group (DECRG)

Inessa Love


World Bank - Development Economics Data Group (DECDG)

October 1, 2010

World Bank Policy Research Working Paper No. 5444

Abstract:     
The authors use panel data on the number of newfirm 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.

Number of Pages in PDF File: 35

Keywords: Governance Indicators, E-Business, Emerging Markets, Environmental Economics & Policies, Economic Theory & Research

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Date posted: October 13, 2010  

Suggested Citation

Klapper, Leora F. and Love, Inessa, The Impact of the Financial Crisis on New Firm Registration (October 1, 2010). World Bank Policy Research Working Paper Series, Vol. , pp. -, 2010. Available at SSRN: http://ssrn.com/abstract=1691286

Contact Information

Leora F. Klapper (Contact Author)
World Bank ( email )
1818 H Street, N.W.
Washington, DC 20433
United States
202-473-8738 (Phone)
HOME PAGE: http://econ.worldbank.org/staff/lklapper
World Bank - Development Research Group (DECRG)
1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States
Inessa Love
World Bank - Development Economics Data Group (DECDG) ( email )
1818 H Street, N.W.
Washington, DC 20433
United States
HOME PAGE: http://econ.worldbank.org/staff/ilove
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