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Do more heavily regulated economies have poorer performing new ventures? Evidence from Britain and Spain
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Capelleras, Joan-Lluis, Mole, Kevin, Greene, Francis J. and Storey, D. J. (2008) Do more heavily regulated economies have poorer performing new ventures? Evidence from Britain and Spain. Journal of International Business Studies, Vol.39 (No.4). pp. 688-704. doi:10.1057/palgrave.jibs.8400340 ISSN 0047-2506.
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Official URL: http://dx.doi.org/10.1057/palgrave.jibs.8400340
Abstract
We test two alternative perspectives on the start-up size and subsequent growth of new firms in a heavily regulated (HR) economy and a lightly regulated (LR) economy. The first argues that, in an HR economy, there will be fewer new firms, and those that do start will be larger than those in an LR economy, but they will grow more slowly. A second perspective is that regulation does not influence the scale of entrepreneurship - merely its distribution between that which is registered and that which is not registered. Using parallel datasets for HR Spain and LR Britain we find some support for both perspectives. Specifically we find that registered new firms in Britain do start smaller than in Spain and do grow faster. However, when both registered and unregistered firms are included, these differences disappear.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HF Commerce H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
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Divisions: | Faculty of Social Sciences > Warwick Business School > Centre for Small & Medium-Sized Enterprises Faculty of Social Sciences > Warwick Business School > Entrepreneurship, Innovation & Management Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | New business enterprises -- Law and legislation -- Great Britain, New business enterprises -- Law and legislation -- Spain, Entrepreneurship -- Great Britain, Entrepreneurship -- Spain, Corporations -- Growth | ||||
Journal or Publication Title: | Journal of International Business Studies | ||||
Publisher: | Palgrave Macmillan Ltd. | ||||
ISSN: | 0047-2506 | ||||
Official Date: | June 2008 | ||||
Dates: |
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Volume: | Vol.39 | ||||
Number: | No.4 | ||||
Number of Pages: | 17 | ||||
Page Range: | pp. 688-704 | ||||
DOI: | 10.1057/palgrave.jibs.8400340 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
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