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.

An Analysis of the Effect of e-Government Readiness on Business Climate, Corruption Perception, and the Rate of New Entrepreneurs

2013 ◽  
pp. 234-253
Author(s):  
Deborah Moraes Zouain ◽  
Gustavo De Oliveira Almeida ◽  
Emilia Mathilde Moraes Zouain Sato
Keyword(s):  
Developing Countries ◽  
Entrepreneurial Activity ◽  
Integrative Approach ◽  
Future Research ◽  
Business Climate ◽  
Activity Data ◽  
Doing Business ◽  
Corruption Perception ◽  
The Difference ◽  
The Relationship

This research aims to understand the relationship between e-government, business climate, corruption perception and its impact in the entrepreneurial activity. Data was collected from various databases, for the years 2008, 2010 and 2012, using panel data. The reports used were The Doing Business Report from World Bank, E-Government Survey from the United Nations, Corruption Perception Index by Transparence International and entrepreneurship data from Global Entrepreneurship Monitor. After joining the databases, correlation analysis and panel least squares regressions were performed. The results indicate that when a country is more “e-gov” ready, it may have a more dynamic business sector and less perception of corruption. The probable causes of the relationships are discussed, including suggestions for an integrative approach to allow developing countries to diminish the gap of e-government readiness. Future research to understand the difference of impact of e-government in developed and developing countries are also suggested.

scholarly journals Advantages, Disadvantages and the Performance of Foreign Direct Investment in the Republic of Kosovo 2008-2019

2020 ◽  
Vol 4 (1) ◽  
pp. 14-19
Author(s):  
Getoar LUBENIQI
Keyword(s):  
Economic Development ◽  
Foreign Direct Investment ◽  
Foreign Investment ◽  
Direct Investment ◽  
Business Environment ◽  
Business Climate ◽  
Foreign Investments ◽  
Advantages And Disadvantages ◽  
Doing Business ◽  
The Republic

Economic development is an aspiration for every country in the world including Kosovo. Foreign Direct Investment (FDI) plays a very important role in the economic development of Kosovo which is in the process of transition. For Kosovo, it is essential to have an accelerated pace of economic growth, lower unemployment, higher quality of life, lower demographic migration and lower poverty rates, thus attracting FDI has a direct and very important role to play. Although Kosovo has a large number of advantages for attracting foreign investment, there are also a number of challenges or disadvantages that are very evident which negatively impact on current and potential investors in the future. Based on the data analysis, the overall trend of FDI has declined in recent years, therefore it is very important for Kosovo to develop further steps to improve the business climate in Kosovo and attract foreign investments. The purpose of this paper is to analyze the performance of FDI in Kosovo 2008-2019, to analyze the advantages and disadvantages of doing business in Kosovo, to identify where Kosovo stands in terms of doing business and what is new for Kosovo in a way that improve the business environment and attract foreign investment. To achieve this goal of comparative analysis and identification, the integrative review method was used.  Key words: Republic of Kosovo, Direct Foreign investments, Business environment, Economic Development, Doing Business.

scholarly journals Entrepreneurial finance and its impact on e-business

2017 ◽  
Vol 15 (3) ◽  
pp. 24-41 ◽  
Author(s):  
Asma Salman ◽  
Sundus Jamil
Keyword(s):  
Entrepreneurial Intention ◽  
Point Of View ◽  
Entrepreneurial Activity ◽  
Entrepreneurial Finance ◽  
Policy Makers ◽  
Economic Point ◽  
Doing Business ◽  
Barriers To Employment ◽  
Ease Of Doing Business ◽  
It Knowledge

Entrepreneurial activity is important not just from an economic point of view but it also recognizes the power and value of an individual. In a developing country like Pakistan that ranks high when it comes to ease of doing business but very low in entrepreneurship, alternatives must be devised to empower individuals socially and economically. The Pakistani women being empowered than ever before have to be paid special attention to in case of entrepreneurship. The current study is thus aimed at assessing the e-business related entrepreneurial finance and potential of women doing e-business. E-business helps women overcome many traditional barriers to employment and entrepreneurship. Using Theory of Planned behavior and entrepreneurship models, a framework for assessing e-business and seeking entrepreneurial finance alternatives is developed. Unlike the previous theories which suggested eight variables the current study found that for e-business entrepreneurs only perceived propensity, desirability, feasibility, motherhood, management and meso and macro environment are significant. Besides money, market and management which are important for starting any business, IT knowledge is important. The results based on regression analysis suggest that the model fits well as it predicts value of the entrepreneurial intention at 95% with a 5% significance value. Based on the findings of the study a new model for assessment of e-business entrepreneurial intention is developed which includes all significant variables and IT knowledge as a moderating variable. Based on this assumption, there is a clear implication for the policy makers to stress IT literacy to encourage entrepreneurial activity.

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.

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.

INTERNATIONAL ASPECT OF RESEARCH OF THE ENVIRONMENT OF FUNCTIONING OF INDUSTRIAL ENTERPRISES OF UKRAINE, FROM THE POSITION OF ENSURING ECONOMIC SECURITY

2021 ◽  
Vol 298 (5 Part 1) ◽  
pp. 238-244
Author(s):  
Larysa Liubokhynets ◽  
Yevhenii Rudnichenko ◽  
Nataliia Havlovska ◽  
Keyword(s):  
Low Income ◽  
National Economy ◽  
State Level ◽  
Economic Security ◽  
Entrepreneurial Activity ◽  
Low Income Countries ◽  
Business Climate ◽  
Industrial Enterprises ◽  
Doing Business ◽  
Business Conditions

In the article presents the results of the analysis of the current state of the environment of enterprises from the standpoint of ensuring economic security at the level of national economy and countries. The main trends of dynamic changes in business conditions based on the analysis of international indicators are identified. Indicators of rating assessment of Doing Business business conditions and their dynamics in modern conditions of ensuring economic security of enterprises are characterized. The economic security of domestic enterprises significantly depends on the influence of external and internal factors. Such factors change quite strongly in accordance with global trends in socio-economic processes, as well as reflect the national characteristics of the economy. Factors influencing the development of industrial enterprises and their economic security can be analyzed through a rating assessment of Doing Business, which is the basis for deregulation of the national economy. According to the Doing Business report, from May 2018 to April 2019, 115 countries implemented 294 reforms aimed at regulating business activities, most of which were implemented in such areas as business creation, obtaining building permits, connecting to the power supply system, taxation, optimization property registration processes, automation of logistics of international trade. The smallest number of reforms was recorded in the area of insolvency, bankruptcy and liquidation of enterprises. At the same time, only 1% of the reforms were in low-income countries, and most of the reforms were implemented in middle-income countries. The Doing Business Rating is a tool for measuring the favorable business climate, the level of entrepreneurial activity and the level of corruption, the level of competitiveness of the country, which allows to identify priority areas for reform at the state level.

FEATURES OF THE 2020 GLOBAL CRISIS IMPACT ON SMALL BUSINESS AND THE ECONOMY AS A WHOLE

2020 ◽  
Vol 1 (10) ◽  
pp. 142-149
Author(s):  
M. V. VINOKUROVA ◽  
◽  
M. G. VURGANOV ◽  
Keyword(s):  
Small Business ◽  
Economic Crisis ◽  
Russian Federation ◽  
Entrepreneurial Activity ◽  
Current Crisis ◽  
Current Economic Crisis ◽  
The World ◽  
The Russian Federation ◽  
Basic Concepts ◽  
The Impact

The article examines the main global processes in the world, in particular epidemics that affect not only the life and health of the population, but also the economies of countries as a whole. The reasons for the current economic crisis are revealed. The basic concepts of the development of the pandemic in Russia and the world are analyzed, scenarios for the development of the economies of countries in the context of the current crisis are presented. The main consequences of the impact of the COVID-19 pandemic on the development of small and medium-sized businesses have been studied. The analysis of entrepreneurial activity in a number of countries and in the Russian Federation is carried out, the consequences of the crisis for the development of small and medium-sized businesses in the country are revealed.

scholarly journals National features of business development in Ukraine: Global comparisons and spatial asymmetries

2019 ◽  
pp. 118-124
Author(s):  
Iryna I. Nadtochii
Keyword(s):  
Economic Development ◽  
Business Process ◽  
Positive Impact ◽  
Developed Countries ◽  
Business Development ◽  
Living Standards ◽  
Entrepreneurial Activity ◽  
Global Comparison ◽  
Doing Business ◽  
Ease Of Doing Business

The research objective. The purpose of the article is to make a global comparison of national features of business development in Ukraine, taking into account the spatial asymmetry. Methodology. The theoretical and methodological basis of the study are the scientific works of scientists in the study of business process management in the system of competitive development of territories. To achieve this goal, the following research methods were used: theoretical generalization – generalization of the concept of globalization; methods of statistical analysis – for the analysis of indicators of the index of ease of doing business for Ukraine. Results. It is determined that globalization processes contribute to the formation of global trends in economic development of entrepreneurship in the system of competitive development of territories. The presence of the global economic space with its conjuncture and interconnections for underdeveloped territories can serve as an impetus for economic development through foreign investment, and may, conversely, increase the dependence of underdeveloped territories on developed countries by appropriating a share of additional product produced from underdeveloped resources. countries. During the period 2014–2019, Ukraine improved its position only in the ranking of the Ease of Doing Business Index, according to which in 2014 Ukraine ranked 116th, and in 2019 rose to 71st place. In the ratings of competitiveness and prosperity, Ukraine’s position has deteriorated somewhat. According to the competitiveness index, in 2014 Ukraine ranked 76th, and in 2019 it dropped to 85th place. According to the prosperity index, in 2014 Ukraine took 61st place, and in 2019 it dropped to 96th place. It has been studied that the index of ease of doing business is a signal to investors to choose a country to invest and do business. Investors are always interested not only in how easy it is to organize business but also in how transparent the conditions of competition are and whether the interference of the state and government structures in the business process is excessive. The level of entrepreneurial activity is related to the level of corruption in the country: the lower the level of corruption, the higher the level of entrepreneurial activity. In addition, business development has a positive impact on living standards by creating jobs and providing income. Practical meaning. The results of the analysis will allow the authorities of the country and its individual territories to develop the necessary measures to improve business conditions, to improve living standards and to ensure the effectiveness of the economic development of the country or territory. Prospects for further research. Implementation of the regional assessment of business development trends.

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