The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies
Panel data for 91 countries are used to study how the ease of registering a business and the magnitude of registration reforms affect new registrations of limited liability companies (LLCs). The costs, days, and procedures required to start a business are found to be important predictors of new LLC registration. Panel regressions also show important synergies in multiple reforms of two or more business environment indicators. These results are consistent with the intuition that to be effective, reforms should be sufficiently large so that the costs of registration are lower than the expected benefits. In addition, countries with relatively weaker business environments prior to reforms require relatively larger reforms to impact the number of newly registered LLCs.
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| Format: | Journal Article biblioteca |
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Published by Oxford University Press on behalf of the World Bank
2016-07-01
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| Subjects: | BUSINESS ENVIRONMENT, REGULATION, ENTERPRISE DEVELOPMENT, BUSINESS REGISTRATION, LIMITED LIABILITY COMPANIES, GOVERNMENT REFORM, |
| Online Access: | http://hdl.handle.net/10986/29123 |
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dig-okr-10986291232023-08-28T19:01:06Z The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies Klapper, Leora Love, Inessa BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM Panel data for 91 countries are used to study how the ease of registering a business and the magnitude of registration reforms affect new registrations of limited liability companies (LLCs). The costs, days, and procedures required to start a business are found to be important predictors of new LLC registration. Panel regressions also show important synergies in multiple reforms of two or more business environment indicators. These results are consistent with the intuition that to be effective, reforms should be sufficiently large so that the costs of registration are lower than the expected benefits. In addition, countries with relatively weaker business environments prior to reforms require relatively larger reforms to impact the number of newly registered LLCs. 2018-01-03T20:38:17Z 2018-01-03T20:38:17Z 2016-07-01 Journal Article Article de journal Artículo de revista World Bank Economic Review 1564-698X http://hdl.handle.net/10986/29123 World Bank Economic Review CC BY-NC-ND 3.0 IGO World Bank http://creativecommons.org/licenses/by-nc-nd/3.0/igo application/pdf Published by Oxford University Press on behalf of the World Bank |
| institution |
Banco Mundial |
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Estados Unidos |
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US |
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biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| topic |
BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM |
| spellingShingle |
BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM Klapper, Leora Love, Inessa The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies |
| description |
Panel data for 91 countries are used to study how the ease of registering a business and the magnitude of registration reforms affect new registrations of limited liability companies (LLCs). The costs, days, and procedures required to start a business are found to be important predictors of new LLC registration. Panel regressions also show important synergies in multiple reforms of two or more business environment indicators. These results are consistent with the intuition that to be effective, reforms should be sufficiently large so that the costs of registration are lower than the expected benefits. In addition, countries with relatively weaker business environments prior to reforms require relatively larger reforms to impact the number of newly registered LLCs. |
| format |
Journal Article |
| topic_facet |
BUSINESS ENVIRONMENT REGULATION ENTERPRISE DEVELOPMENT BUSINESS REGISTRATION LIMITED LIABILITY COMPANIES GOVERNMENT REFORM |
| author |
Klapper, Leora Love, Inessa |
| author_facet |
Klapper, Leora Love, Inessa |
| author_sort |
Klapper, Leora |
| title |
The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies |
| title_short |
The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies |
| title_full |
The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies |
| title_fullStr |
The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies |
| title_full_unstemmed |
The Impact of Business Environment Reforms on New Registrations of Limited Liability Companies |
| title_sort |
impact of business environment reforms on new registrations of limited liability companies |
| publisher |
Published by Oxford University Press on behalf of the World Bank |
| publishDate |
2016-07-01 |
| url |
http://hdl.handle.net/10986/29123 |
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