scholarly journals Multinational Firm Growth and Sustainability Responses to Dynamics of Business Regulations in Host Market

2021 ◽  
Vol 13 (24) ◽  
pp. 13945
Author(s):  
Damto Basha Chewaka ◽  
Changzheng Zhang
Keyword(s):  
Firm Growth ◽  
Trade Openness ◽  
Fixed Effect Model ◽  
Multinational Firm ◽  
Business Climate ◽  
African Countries ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
Business Regulations ◽  
Investment Growth

Dynamics in business regulations measured by ease of doing business is a new approach that indicates countries’ business climate reforms toward suitability for investment growth. The present study took three variables from the ease of doing business data and evaluated them toward predictive power of FDI flow to 19 Sub-Saharan African countries by using fixed-effect model. Based on the analysis, the official time, procedures, costs, and minimum capitals in starting a business stage, enterprise registrations and official permissions of the firm establishment had a material effect on investment growth. Even though, on one side trade openness and the growing market size was seen as an opportunity, the deep-rooted corruption and landlocked was the trap for the smooth growth of firms in the region.

scholarly journals Are Business Regulations Improving Economic Growth? Case Study between ASEAN and European Union

2021 ◽  
Vol 9 (1) ◽  
pp. 44-53
Author(s):  
Karuniana Dianta Arfiando Sebayang ◽  
Belinda Febrina
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Gross Domestic Product ◽  
Quantitative Research ◽  
Domestic Product ◽  
The European Union ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
Business Regulations ◽  
The Impact

Economic activities require a transparent regulatory and policy environment that is accessible to all levels of society. This study aims to explain the impact of ease of doing business on economic growth in both ASEAN and the European Union since doing business indicators applied globally. Gross Domestic Product is used as a proxy variable for economic growth as Gross Domestic Product is an indicator to measure economic growth. This study uses a descriptive quantitative research model and uses multiple regressions to determine the effect of ease of doing business on economic growth in ASEAN and the European Union by comparing the result of each ASEAN and European Union. In this study it was found that in ASEAN, there are four indicators of doing business have significant impact to economic growth, while in the European Union five indicators have significant impact to economic growth.  

scholarly journals The Impact of Entrepreneurial Determinants on Ease of Doing Business in English-Speaking West African Countries (ESWACS)

2021 ◽  
Vol 04 (07) ◽  
Author(s):  
Poi, G. Uzomba ◽  
Keyword(s):  
Granger Causality ◽  
Sierra Leone ◽  
Impulse Response ◽  
West African ◽  
The Gambia ◽  
African Countries ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
English Speaking ◽  
The Impact

This study investigated the impact of entrepreneurial determinants on ease of doing business in the five English. Speaking West African Countries (ESWACs) of Nigeria, Ghana, Sierra Leone, Liberia and The Gambia. It used secondary data sourced from the OECD and the World Bank. The independent variables were the Entrepreneurial Determinants (ED) of regulatory framework peroxide by Small and Medium Enterprise Sale Tax (SSTR); access to finance proxied by both Interest Rate Spread (INTR) and Domestic Credit to Private Sector (DCPS). The dependent variable was the Ease of Doing Business Ranking (EDBR). Five research objective and five hypotheses based on the Keynesian, Monetary and Schumpeter theoretical inferences guided the study. The study used ex-post factor research design and descriptive statistical, correlation matrix, Panel-ARDL, Granger causality, and impulse response methods for the analyses. The results revealed that SSTR is positively and weakly correlated with EDBR, but has negative and weak correlation with INTR and DCPS. Long run relationship was found not to exist between SSTR, INTR and DCPS, and EDBR, but the dynamic short run ARDL regression reveals high levels of coefficient of determination. On country-specific analysis, the cross-sectional result showed SSTR, INTR and DCPS positively impacted on ease of doing business in Nigeria and Sierra Leone but had a negative impact in Ghana, Liberia and The Gambia. It was further revealed that zero Granger causality existed among SSTR, INTR, DCPS and EDBR; and mixed impulse responses were revealed from the impulse response result. It was also recommended that governments of ESWACs should ensure the continuous use of mixed expansionary policies to ensure that Entrepreneurial determinants positively impact the ease of doing business in the area.

Managing the Program to Promote Russia in the "Doing Business" Rankings

2021 ◽  
pp. 15-23
Author(s):  
Ol'ga Kazakova
Keyword(s):  
Regression Model ◽  
Program Transformation ◽  
Business Climate ◽  
Doing Business ◽  
Ease Of Doing Business ◽  
The Impact

This work considers the program "Transformation of the Business Climate", one of the goals of which is the growth of Russia in the Doing Business rating. It is assumed that the rating indicators are unequal, and it is possible to single out the indicators, the impact of which most strongly affects the level of ease of doing business. For this purpose, a regression model has been built, on the basis of which the forecast of Russia's advancement in the ranking in the coming years is built. This work highlights the strengths and weaknesses of the Business Climate Transformation program and offers recommendations for promoting Russia in the Doing Business rating.

scholarly journals The Power of Ranking: The Ease of Doing Business Indicator and Global Regulatory Behavior

2019 ◽  
Vol 73 (03) ◽  
pp. 611-643 ◽  
Author(s):  
Rush Doshi ◽  
Judith G. Kelley ◽  
Beth A. Simmons
Keyword(s):  
World Bank ◽  
Domestic Politics ◽  
Performance Indicator ◽  
Investor Sentiment ◽  
Regulatory Reform ◽  
Business Climate ◽  
Doing Business ◽  
The World Bank ◽  
The World ◽  
Ease Of Doing Business

AbstractWe argue that the World Bank has successfully marshaled the Ease of Doing Business (EDB) Index to amass considerable influence over business regulations worldwide. The Ease of Doing is a global performance indicator (GPI), and GPIs—especially those that rate and rank states against one another—are intended to package information to influence the views of an audience important to the target, such as foreign investors or voters, thus generating pressures that induce a change in the target's behavior. The World Bank has succeeded in shaping the global regulatory environment even though the bank has no explicit mandate over regulatory policy and despite questions about EDB accuracy and required policy tradeoffs. We show that the EDB has a dominating market share among business climate indicators. We then use media analyses and observational data to show that EDB has motivated state regulatory shifts. States respond to being publicly ranked and some restructure bureaucracies accordingly. Next we explore plausible influence channels for the EDB ranking and use an experiment involving US portfolio managers to build on existing economics research and examine whether the rankings influence investor sentiment within the experiment. Using a case study of India's multiyear interagency effort to rise in the EDB rankings, as well as its decision to create subnational EDB rankings, we bring the strands of the argument together by showing how politicians see the ranking as affecting domestic politics, altering investor sentiment, and engaging bureaucratic reputation. Overall, a wide variety of evidence converges to illustrate the pressures through which the World Bank has used state rankings to achieve its vision of regulatory reform.

scholarly journals Investment Opportunities in Uzbekistan

2019 ◽  
Vol 7 (12) ◽  
pp. 101-114
Author(s):  
Wei Wang ◽  
Shakhzod Tokhirov
Keyword(s):  
World Bank ◽  
Social Life ◽  
Foreign Direct Investments ◽  
Business Climate ◽  
Doing Business ◽  
Investment Opportunities ◽  
Ease Of Doing Business ◽  
Cis Countries ◽  
Favorable Conditions ◽  
State Enterprises

This work reports studies of a growing Uzbekistan economy and vibrant investment opportunities associated with the business climate on the ground. An analysis of Foreign Direct Investments (FDI) in selected areas of the economy have been discussed. Uzbekistan is ranked 69 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The economy, 4th largest among the CIS countries and 85th in the world in 2017 (measured by GDP in real terms - US$47, 88 billion), is dominated mainly by the state enterprises. The Gross domestic product (GDP) ranged around US$48.72 billion (2017) with the real growth rate at 5-7% annually. GDP per capita was US$1,504.23 at current prices during the same time (and US$6930 based on PPP) The study discloses significant changes in legislation, by-laws, and Decrees of Uzbekistan, aimed at creation of the most favorable conditions for foreign investors. Vast changes in economic, political and social life attributes, keeps paving way for excellent opportunities and favorable conditions to develop business via foreign direct investment.

Franchise Management and the Greek Franchise Industry

2017 ◽  
pp. 251-281
Author(s):  
Alexandra Homata ◽  
Athanassios Mihiotis ◽  
Alexia Mary Tzortzaki
Keyword(s):  
Economic Crisis ◽  
Business Models ◽  
Entrepreneurial Activity ◽  
Special Focus ◽  
Business Climate ◽  
Advantages And Disadvantages ◽  
Doing Business ◽  
Current Economic Crisis ◽  
Ease Of Doing Business ◽  
Market Trends

In this chapter, the development and growth of franchising is studied through the collection and comparison of statistical data from several countries with a special focus on Greece. The business concept of franchising, its different types as well as its advantages and disadvantages are investigated especially under the pressures of the current economic crisis. With Greece being one of the worst hit countries, this paper, suggests that that franchising is one of the most viable, low risk business models and possibly a pathway to re-igniting entrepreneurial activity. To argue the case, the authors present a historic account of the development of franchising in Greece; an analysis of the current Greek business climate and the ease of doing business in Greece; Greek market trends in relation to franchise activity; Greek franchise market prospects and limitations. The paper ends with proposed implications especially aimed towards managers of franchise businesses in Greece.

The Nexus between Governance Infrastructure and the Ease of Doing Business in Africa

2015 ◽  
pp. 110-131 ◽  
Author(s):  
Aye Mengistu Alemu
Keyword(s):  
Rule Of Law ◽  
Good Governance ◽  
Political Stability ◽  
Estimation Methods ◽  
African Countries ◽  
Government Effectiveness ◽  
Doing Business ◽  
Physical Infrastructure ◽  
Ease Of Doing Business ◽  
Governance Infrastructure

This chapter examines how each element of “good governance infrastructure” may influence the “ease of doing business” for a sample of 41 African countries from 2005 to 2012. The empirical results from GMM and other estimation methods reveal government effectiveness, political stability, rule of law, regulatory quality, and absence of corruption are robust determinants for creating conducive business atmosphere, taking into account other factors such as human capital, physical infrastructure, and the level of development of a country. Nevertheless, no evidence has been found for voice and accountability to significantly affect the ease of doing business. This implies that a government may enhance political stability, rule of law. Government effectiveness and low level of corruption is likely to create a more favorable business atmosphere despite offsetting deficiencies in voice and accountability.

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