Abstract
References
- Aidis R., Estrin S., Mickiewicz T., Institutions, Finance and the Level of Development: the Impact on Entrepreneurship in Transition, Review of Economics and Institutions, ISSN 2038-1379 DOI 10.5202/rei.v1i1.3, Vol. 1 – No. 1, Spring 2010 – Article 3
- Anna L. Paulson, Robert Townsend, Entrepreneurship and financial constraints in Thailand, Journal of Corporate Finance 10 (2004) 229– 262
- Banerjee, A., E. Duflo, and K. Munshi (2003) ‘The (mis)allocation of capital’, Journal of the European Economic Association, 1 (2-3), 484-94.
- Birkenmaier J., Watson S.,(2005), Affordable Financial Services and Credit for the Poor: The Foundation of Asset Building, Journal of Community Practice, Vol. 13(1)
- Black S. and Strahan P., (2002),Entrepreneurship and Bank Credit Availability, The Journal of Finance * Vol. LVII, No. 6 * Brander, J. & Amit, R. (1998).Why Do Venture Capital Firms Exist? Theory and Canadian Evidence.
- Brander, J., K. Hendricks, R. Amit, and D. Whistler. (1998). The engine of growth hypothesis: On the relationship between fi rm size and employment growth work. University of British Columbia, Department of Economics. Manuscript.
- Cetorelli, Nicola, 2001, Does bank concentration lead to concentration in industrial sectors? Working paper 01-01, Federal Reserve Bank of Chicago
- Fazzari, S., Hubbard, R.G., Petersen, B., 1988. Financing constraints and corporate investment. Brookings Papers on Economic Activity 1, 141– 195
- Glaeser, E., Scheinkman, J., & Shleifer, A. (2003). Injustice of Inequality. Journal of Monetary Economics, 50 (1), 199-222. doi:10.1016/S0304- 3932(02)00204-0
- Hsiao C., Panel Data Analysis — Advantages and Challenges, Sociedad de Estad´ıstica e Investigaci´on Operativa Test (0000) Vol. 00, No. 0, pp. 1–63, Department of Economics, University of Southern California, USA Wang Yanan Institute for Studies in Economics, Xiamen University, China
- Kerr W., Nanda R., (2009), Financing Constraints and Entrepreneurship, Working Paper 15498
- Klapper, L., Laeven, L., and Rajan, R. (2006). Entry regulation as a barrier to entrepreneurship. Journal of Financial Economics (p. 591– 629).
- Navajas M. C. and Thegeya A., (2013)Financial Soundness Indicators and Banking Crises, IMF Working Paper, International Monetary Fund Neuhaus J.M.,(1992), Statistical Methods for Longitudinal and Clustered Designs with Binary Responses, Statistical Methods in Medical Research 1:249-273.
- North, D. (1990). Institutions, Institutional Change and Economic Performance. New York: Cambridge University Press
- Paravisini, D. (2008), ‘Local bank financial constraints and firm access to external finance’, Journal of Finance, 63 (5), 2161-93.
- Riefier W., Friday D., Lichtenstein W., Riddle J. H., (1937), Soundness of Financial Institutions, (p. 87 - 98)
- Small Business Encyclopedia, 2017, Entrepreneur Media, https://www.entrepreneur.com/encyclopedia/venture-capital
Abstract
Entrepreneurship has been one of the most
popular topics in recent years due to its continuing dynamism in the Modern
Market Economy. Many recent studies investigate the financial obstacles and
difficulties in the establishment of new companies and commercial
entities.
The purpose of this research is to define
entrepreneurship and entrepreneurship concepts in detail, while explaining
financial factors and financial mechanisms at the forefront of environmental
factors affecting entrepreneurship in the world. Besides, what are the
obstacles to entrepreneurship, and how entrepreneurship is influenced by the
financial barriers will be explained. The aim is to reduce the number of
entrepreneurs who obstruct the economic development.This study assumes that
there is a positive relationship between entrepreneurship and four financial
factors which are affordability of financial services, ease of access to loans,
venture capital availability, and soundness of banks. In this context, four
hypotheses related to these factors will be tested by population averaged panel
data analysis.
Keywords
References
- Aidis R., Estrin S., Mickiewicz T., Institutions, Finance and the Level of Development: the Impact on Entrepreneurship in Transition, Review of Economics and Institutions, ISSN 2038-1379 DOI 10.5202/rei.v1i1.3, Vol. 1 – No. 1, Spring 2010 – Article 3
- Anna L. Paulson, Robert Townsend, Entrepreneurship and financial constraints in Thailand, Journal of Corporate Finance 10 (2004) 229– 262
- Banerjee, A., E. Duflo, and K. Munshi (2003) ‘The (mis)allocation of capital’, Journal of the European Economic Association, 1 (2-3), 484-94.
- Birkenmaier J., Watson S.,(2005), Affordable Financial Services and Credit for the Poor: The Foundation of Asset Building, Journal of Community Practice, Vol. 13(1)
- Black S. and Strahan P., (2002),Entrepreneurship and Bank Credit Availability, The Journal of Finance * Vol. LVII, No. 6 * Brander, J. & Amit, R. (1998).Why Do Venture Capital Firms Exist? Theory and Canadian Evidence.
- Brander, J., K. Hendricks, R. Amit, and D. Whistler. (1998). The engine of growth hypothesis: On the relationship between fi rm size and employment growth work. University of British Columbia, Department of Economics. Manuscript.
- Cetorelli, Nicola, 2001, Does bank concentration lead to concentration in industrial sectors? Working paper 01-01, Federal Reserve Bank of Chicago
- Fazzari, S., Hubbard, R.G., Petersen, B., 1988. Financing constraints and corporate investment. Brookings Papers on Economic Activity 1, 141– 195
- Glaeser, E., Scheinkman, J., & Shleifer, A. (2003). Injustice of Inequality. Journal of Monetary Economics, 50 (1), 199-222. doi:10.1016/S0304- 3932(02)00204-0
- Hsiao C., Panel Data Analysis — Advantages and Challenges, Sociedad de Estad´ıstica e Investigaci´on Operativa Test (0000) Vol. 00, No. 0, pp. 1–63, Department of Economics, University of Southern California, USA Wang Yanan Institute for Studies in Economics, Xiamen University, China
- Kerr W., Nanda R., (2009), Financing Constraints and Entrepreneurship, Working Paper 15498
- Klapper, L., Laeven, L., and Rajan, R. (2006). Entry regulation as a barrier to entrepreneurship. Journal of Financial Economics (p. 591– 629).
- Navajas M. C. and Thegeya A., (2013)Financial Soundness Indicators and Banking Crises, IMF Working Paper, International Monetary Fund Neuhaus J.M.,(1992), Statistical Methods for Longitudinal and Clustered Designs with Binary Responses, Statistical Methods in Medical Research 1:249-273.
- North, D. (1990). Institutions, Institutional Change and Economic Performance. New York: Cambridge University Press
- Paravisini, D. (2008), ‘Local bank financial constraints and firm access to external finance’, Journal of Finance, 63 (5), 2161-93.
- Riefier W., Friday D., Lichtenstein W., Riddle J. H., (1937), Soundness of Financial Institutions, (p. 87 - 98)
- Small Business Encyclopedia, 2017, Entrepreneur Media, https://www.entrepreneur.com/encyclopedia/venture-capital
Details
| Journal Section | Articles |
|---|---|
| Authors | |
| Publication Date | June 30, 2017 |
| Published in Issue | Year 2017 Volume: 4 Issue: 1 |
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