NDLI: New firm registration and the business cycle

Content Provider	Springer Nature Link
Author	Klapper, Leora Love, Inessa Randall, Douglas
Copyright Year	2014
Abstract	This paper studies the relationship between entrepreneurship and economic growth using new panel data on the number of new firm registrations in 109 countries for the period 2002–2012. We find strong evidence of a pro-cyclical pattern in entrepreneurship. Furthermore we examine heterogeneous relationships between new firm registration and the business cycle and find that higher levels of financial development and a better business environment are associated with a stronger pro-cyclicality of entrepreneurship both across countries and within countries over time, i.e. a sharper contraction of new firm registrations at the outset of a recession, and a faster recovery of new firm registrations after the recession has ended. These findings suggest that fostering an efficient regulatory environment for the financial and private sector is important for encouraging a speedier recovery in the formation of new firms during economic expansions and aiding the efficient wind-down of insolvent firms during economic slowdowns.
Starting Page	287
Ending Page	306
Page Count	20
File Format	PDF
ISSN	15547191
Journal	International Entrepreneurship and Management Journal
Volume Number	11
Issue Number	2
e-ISSN	15551938
Language	English
Publisher	Springer US
Publisher Date	2014-11-07
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Entrepreneurship Economic development Financial crisis Management/Business for Professionals Emerging Markets/Globalization
Content Type	Text
Resource Type	Article
Subject	Management Information Systems Management of Technology and Innovation

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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