金融稳定对非洲新商业机构的影响:营商环境是否重要?

IF 1.3 Q3 ECONOMICS
Evans Kulu, Joshua Sebu, Bismark Osei
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引用次数: 0

摘要

鉴于创业与国家建设的相关性,针对促进新企业的研究是至关重要的。本研究旨在通过提供营商便利度在金融稳定环境下促进新企业建立的作用的实证证据,为金融和创业文献做出贡献。设计/方法/方法本研究使用固定效应和随机效应估计技术以及脉冲响应函数来分析覆盖53个非洲国家的年度面板数据。研究结果表明,监管质量和电力可及性促进了新企业的成立。此外,要体验金融稳定对非洲新商业机构或企业精神的直接影响,不能孤立地看待营商便利的作用。其政策含义是,创造有利的商业环境对新的商业机构至关重要。研究局限/启示本样本仅包括非洲国家。未来或进一步的研究可能想要扩大样本量,并考虑进行比较分析,这种分析将与另一个地区进行,以便了解研究结果的差异。原创性/价值据作者所知,这是第一个调查在非洲金融稳定的情况下,营商便利度对新企业机构的作用的研究。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Effect of financial stability on new business establishments in Africa: does ease of doing business matter?

Purpose

Given the relevance of entrepreneurship in nation-building, studies geared towards the promotion of new businesses are crucial. This study aims to contribute to the finance and entrepreneurship literature by providing empirical evidence on the role ease of doing business plays in promoting new business establishments amidst financial stability.

Design/methodology/approach

The study used the fixed and random effect estimation techniques as well as the impulse response function to analyse annual panel data covering 53 African countries.

Findings

The results indicate that regulatory quality and access to electricity promote new business establishments. Also, to experience the direct effect of financial stability on new business establishments or entrepreneurship in Africa, the role of the ease of doing business cannot be isolated. The policy implication is that the creation of an enabling business environment is crucial for new business establishments.

Research limitations/implications

The sample only includes countries in Africa. Future or further studies may want to expand the sample size and also consider a comparative analysis where this analysis will be done plus another region so that the differences in findings can be known.

Originality/value

To the best of the authors’ knowledge, this is the first study to investigate the role of ease of doing business on new business establishments in the presence of financial stability in Africa.

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来源期刊
CiteScore
2.80
自引率
8.30%
发文量
13
期刊介绍: The Journal of Financial Economic Policy publishes high quality peer reviewed research on financial economic policy issues. The journal is devoted to the advancement of the understanding of the entire spectrum of financial policy and control issues and their interactions to economic phenomena. Economic and financial phenomena involve complex trade-offs and linkages between various types of risk factors and variables of interest to policy makers and market participants alike. Market participants such as economic policy makers, regulators, banking and competition supervisors, corporations and financial institutions, require timely and robust answers to the contemporary and emerging policy questions. In turn, such answers require thorough input by the academics, policy makers and practitioners alike. The Journal of Financial Economic Policy provides the forum to satisfy this need. The journal publishes and invites concise papers to enable a prompt response to current and emerging policy affairs.
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