ENTREPRENEURSHIP IN DEVELOPING COUNTRIES: IS AFRICA DIFFERENT?

2012 ◽  
Vol 17 (01) ◽  
pp. 1250004 ◽  
Author(s):  
JONATHAN MUNEMO
Keyword(s):  
Developing Countries ◽  
Political Stability ◽  
Business Environment ◽  
Entrepreneurial Activity ◽  
Developing Regions ◽  
Firm Creation ◽  
New Firm ◽  
The Creation ◽  
New Firm Creation

This paper uses data on new firm registrations to examine entrepreneurship in Africa relative to other developing countries. The results show that new firm creation is more pronounced in other developing regions than in Africa. In addition, the results also show that entry deregulation and political stability are relatively more important for the creation of new businesses in Africa. These results imply that Africa is different; therefore, it is important to implement reforms to create a business environment conducive for new firm creation in Africa. Reforms in governance are also required to address problems related to political stability to increase entrepreneurial activity in Africa.

scholarly journals Gender and the Business Environment for New Firm Creation

2010 ◽  
Vol 26 (2) ◽  
pp. 237-257 ◽  
Author(s):  
L. F. Klapper ◽  
S. C. Parker
Keyword(s):  
Business Environment ◽  
Firm Creation ◽  
New Firm ◽  
New Firm Creation

scholarly journals Going Entrepreneurial? IPOs and New Firm Creation

2015 ◽  
Author(s):  
Tania Babina ◽  
Paige Parker Ouimet ◽  
Rebecca Zarutskie
Keyword(s):  
Firm Creation ◽  
New Firm ◽  
New Firm Creation

The MSME Insolvency Status Quo

2018 ◽  
Author(s):  
Mokal et
Keyword(s):  
Failure Rate ◽  
Cost Effective ◽  
Status Quo ◽  
Entrepreneurial Activity ◽  
Firm Creation ◽  
Distressed Firms ◽  
New Firm ◽  
External Governance ◽  
Entrepreneurial Activities ◽  
Insolvency Proceedings

This chapter examines specific challenges faced by MSMEs. These challenges arise from factors such as size, lack of available collateral, undiversified nature, and lack of suitable external governance mechanisms, all of which contribute to a high MSME failure rate. As such, it is crucial for insolvency regimes to be responsive to MSMEs’ particular requirements. The chapter then discusses the need for cost-effective insolvency regimes tailored to these requirements, and the problems inherent in the development of such regimes. Cost-effective insolvency proceedings can encourage non-viable distressed firms to exit the market and efficiently recycle their assets to new uses, provide viable distressed firms with the chance to reorganize their operations and liability in order to continue in business, provide higher returns to MSME creditors and thereby incentivize lending in this sector, and encourage greater entrepreneurial activity and new firm creation. Ultimately, an effective MSME insolvency regime can alleviate the downside risk of a venture, in turn increasing the number and variety of people pursuing entrepreneurial activities.

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