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AuthorCharfeddine, Lanouar
AuthorZaouali, Sana
Available date2022-12-27T08:14:15Z
Publication Date2022
Publication NameJournal of Business Research
ResourceScopus
URIhttp://dx.doi.org/10.1016/j.jbusres.2022.01.014
URIhttp://hdl.handle.net/10576/37641
AbstractThis study investigates the role of financial inclusion and the institutional environment in promoting entrepreneurship. Using the panel vector autoregressive model for a sample of 43 countries over the period from 2001 to 2018, we find that both financial inclusion and the institutional environment positively affect early-stage and established firms. In particular, our results reveal that basic financial products are important to stimulate the creation of early-stage firms, whereas access to credit supports established firms' viability. Our findings also indicate that lower business regulatory, tax and bureaucracy burdens; better access to commercial infrastructure; ease of entry to markets and government programs are essential for developing entrepreneurship. In particular, one of the most important implications of our findings is the vital role that government programs play in supporting entrepreneurship. Accordingly, several policies targeting promotion of entrepreneurship have been proposed and discussed. 2022 Elsevier Inc.
SponsorThe first author would like to thank the financial support of QNRF under the grant number NPRP11C-1229-170007 from the Qatar National Research Fund (a member of Qatar foundation). The statements made herein are solely the responsibility of the author(s).
Languageen
PublisherElsevier
SubjectEarly-stage firms
Established firms
Financial inclusion
Institutional environment
Panel VAR model
TitleThe effects of financial inclusion and the business environment in spurring the creation of early-stage firms and supporting established firms
TypeArticle
Pagination15-Jan
Volume Number143
dc.accessType Abstract Only


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