Investment Climate Around the World : Voices of the Firms from the World Business Environment Survey

The analysis of firm-level data collected through parallel international enterprise surveys can reveal important linkages between governance constraints and business growth and investment. The World Business Environment Survey (WBES), an initiative led by the World Bank Group in 1999 and 2000, collected enterprise data from more than 10,000 firms in 80 countries. Econometric analysis of responses to that survey points to a strong association between corruption, financing, regulatory and tax constraints, policy uncertainty, and protection of intellectual property rights with firm-level performance, as measured by sales and investment growth and participation in the formal economy. This book present the core WBES questionnaire and survey findings, and confirms the significance of key country conditions on the firm performance and behavior. The finding provide a basis for regional comparison, but suggest the need for caution when averaging across categories, especially in light of country conditions that can significantly affect firm-level sales and investment.

Bibliographic Details

Main Authors:	Batra, Geeta, Kaufmann, Daniel, Stone, Andrew H. W.
Language:	English en_US
Published:	Washington, DC: World Bank 2003
Subjects:	INVESTMENT ANALYSIS, QUESTIONNAIRES, ECONOMIC GROWTH, GLOBALIZATION, ECONOMETRICS, CORRUPTION, TAXPAYERS, OWNERSHIP, PRIVATE ENTERPRISES, PRIVATE FINANCE, REGIONAL ANALYSIS ANTI-CORRUPTION, BRIBERY, BUSINESS ASSOCIATION, BUSINESS CLIMATE, BUSINESS DEVELOPMENT, BUSINESS ENVIRONMENT, BUSINESS ENVIRONMENT CONSTRAINTS, CENTRAL GOVERNMENT, CIVIL SOCIETY, COMMERCIAL BANKS, COMPANY, CORPORATION, CORRUPT INTERESTS, COURT SYSTEM, DIRECT INVESTMENT, ECONOMIC DEVELOPMENT, ECONOMIC POLICIES, EMPIRICAL ANALYSIS, EMPIRICAL STUDIES, EMPLOYMENT, ENTERPRISE DEVELOPMENT, ENTERPRISE SURVEYS, ENTREPRENEURS, ENTREPRENEURSHIP, EXCHANGE RATE, FINANCING, FINANCING CONSTRAINTS, FIRM SIZE, FIRMS, FOREIGN BANKS, FOREIGN DIRECT INVESTMENT, FOREIGN INVESTMENT, GLOBAL GOVERNANCE, GOVERNANCE CLIMATE, GOVERNANCE CONSTRAINTS, GOVERNMENT LEADERSHIP, GOVERNMENT LEVEL, GOVERNMENT OFFICIALS, GRAND CORRUPTION, GROWTH RATE, INCOME, INFLATION, INTELLECTUAL PROPERTY RIGHTS, INTEREST RATES, INTERNATIONAL DEVELOPMENT, INTERNATIONAL TRADE, INVESTMENT CLIMATE, LEGAL FORM, LEGAL SYSTEM, MEASUREMENT ERRORS, MEDIUM ENTERPRISES, MICROENTERPRISES, NATIONS, PARLIAMENT, POLICY IMPLICATIONS, POLICY UNCERTAINTY, POLITICAL INSTABILITY, POOR GOVERNANCE, POVERTY ALLEVIATION, PRIVATE SECTOR DEVELOPMENT, PRODUCTIVITY, PROPERTY RIGHTS, PUBLIC AGENCIES, PUBLIC HEALTH, PUBLIC HEALTH CARE, PUBLIC OFFICIALS, PUBLIC POLICY, PUBLIC SECTOR, REGULATORY BURDEN, REGULATORY REFORM, RETAINED EARNINGS, SMALL ENTERPRISES, SMALL FIRMS, SOCIAL COSTS, SPONSORS, STATE OWNERSHIP, TAX ADMINISTRATION, TAX AUTHORITY, TAX LAWS, TAX PAYMENTS, TRANSITION ECONOMIES, TRANSPARENCY, VESTED INTERESTS,
Online Access:	http://documents.worldbank.org/curated/en/2003/05/2386457/investment-climate-around-world-voices-firms-world-busines-environment-survey-wbes https://hdl.handle.net/10986/15143
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