What Determines Entrepreneurial Outcomes in Emerging Markets? : The Role of Initial Conditions

Is it the institutions or firm characteristics at birth that shape startups and their early growth in developing countries? Using comprehensive data from the Indian Annual Survey of Industries this paper addresses this question by studying the early lifecycle of firms across diverse institutional en...

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Bibliographic Details
Main Authors:	Ayyagari, Meghana, Demirguc-Kunt, Asli, Maksimovic, Vojislav
Format:	Publications & Research
Language:	en_US
Published:	World Bank Group, Washington, DC 2015
Subjects:	jobs employment banking regulation monetary policy unpaid family workers accounting deposits production excise taxes skilled workers informal sector inflexible labor income interest industry characteristics industry banking system reserve requirements banking services water supply services reserve bank of india primary source effects labor market regulation banking reform trade reforms firm size employment size industry characteristic rural banks small business present value labor market total factor productivity development economics banking sector reforms transport firm level declining industries worker outputs private banks productivity entry rate local financial institutions attrition financial institutions debt markets state owned banks organizations legislation flexible labor markets local firms firm size distribution economic policies labor loans labor regulation finance efficiency infrastructure taxes banking sector banks emerging markets firm entry entrepreneurial ability productivity growth human capital workers capital policies employment protection legislation value bank credit large cities macroeconomics labour market private firms labor market institutions property firm performance foreign banks labor market outcomes employment growth private sector productivity distribution economics management profitability social capital manufacturing industries new entrants employment growth rates retained earnings investment commercial banks financial markets labor market regulations supply banking employee institutional development labor intensity revenue employment dynamics law profit financial structure age category private companies firm growth entrepreneurship labour financial systems labor markets adb governments outcomes high-entry industries labor regulations production processes employees
Online Access:	http://hdl.handle.net/10986/21646

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http://hdl.handle.net/10986/21646

What Determines Entrepreneurial Outcomes in Emerging Markets? : The Role of Initial Conditions

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