Entrepreneurship Snapshots 2010 : Measuring the Impact of the Financial Crisis on New Business Registration

New businesses are likely to have been even more severely affected by the crisis than mature businesses, even in non crisis times, new and young firms tend to be more constrained than older firms which often have established reputations and enjoy easier access to finance. Given the sudden scarcity of credit and the uncertain economic outlook, it is reasonable to assume that entrepreneurs wanting to start a new business or register an existing informal business were hit especially hard by the downturn. Until now, however there has been a lack of comprehensive evidence to support this assumption. The impact of the 2008-09 financial crises on new business creation should be of special interest given the importance of entrepreneurs and young firms to the continued dynamism of the modern market economy; it is well established that a robust entry rate of new business can foster competition and economic growth. This report hypothesizes that although economies with more developed financial markets were hit harder by the crisis, they will enjoy stronger and quicker recoveries in new firm creation.

Bibliographic Details

Main Author:	World Bank
Language:	English
Published:	World Bank 2011
Subjects:	ACCOUNT, ACCOUNTABILITY, ACCOUNTANTS, ACCOUNTING, ACCOUNTS, BANKS, BARRIERS TO ENTRY, BUSINESS CREATION, BUSINESS ECONOMICS, BUSINESS ENTRY, BUSINESS ENVIRONMENT, BUSINESS INDICATORS, BUSINESS LEADERS, BUSINESS ORGANIZATION, BUSINESS REGISTRATION, BUSINESS REGISTRATIONS, BUSINESS SECTOR, BUSINESS STATISTICS, BUSINESS STRATEGY, BUSINESSES, CAPABILITIES, CAPITAL REQUIREMENT, CHAMBERS OF COMMERCE, COMMUNICATION TECHNOLOGIES, CONSOLIDATION, COPYRIGHT, CORPORATE TAXES, COST SAVINGS, DATA ANALYSIS, DATA CENTERS, DATA RELIABILITY, DECENTRALIZATION, DEVELOPED COUNTRIES, DOMAIN, E-MAIL, E-SERVICES, ECONOMIC ACTIVITY, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMICS, ELECTRONIC BUSINESS, EMPLOYMENT, ENTREPRENEURSHIP, ENTRY POINT, ENVIRONMENTAL, EXPLOITATION, FINANCIAL CONSTRAINTS, FINANCIAL CRISES, FINANCIAL INSTITUTIONS, FINANCIAL MARKETS, FINANCIAL STABILITY, FINANCIAL STATEMENTS, FINANCIAL SYSTEMS, GOVERNMENT ENTITY, GOVERNMENT SERVICES, GOVERNMENT-TO-BUSINESS, GREENHOUSE GASES, GROWTH POTENTIAL, ICT, INFORMATION SOCIETY, INTERNATIONAL TRADE, INTEROPERABILITY, LAWS, LEGAL SYSTEMS, LICENSES, MACROECONOMIC CONDITIONS, MANDATES, MARKET ECONOMY, MARKET ENTRY, MATERIAL, METADATA, MONETARY POLICIES, NATIONAL INCOME, NATURAL RESOURCES, ONE-STOP SHOP, PDF, POLICY MAKERS, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, QUALITY ASSURANCE, QUERIES, RAW DATA, REGISTRATION OF BUSINESSES, REGISTRIES, REGISTRY, REGULATORY ENVIRONMENT, REGULATORY REQUIREMENTS, RELIABILITY, REPORTING, RESULT, RESULTS, SEARCH, SOCIAL SERVICES, STANDARD UNIT OF MEASUREMENT, STARTUPS, SUBSIDIARY, TAXATION, TECHNICAL RESOURCES, TELEPHONE, TRANSMISSION, USER,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000356161_20101207021701 https://hdl.handle.net/10986/2537
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