The Effect of Financial Development on the Status of Entrepreneurship in Selected Countries
Publish place: Iranian Economic Review Journal، Vol: 27، Issue: 2
Publish Year: 1402
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_IER-27-2_007
تاریخ نمایه سازی: 21 مهر 1402
Abstract:
Financial resources, particularly at the early stages of entrepreneurship, play a crucial role, and the lack of these resources is recognized as a major obstacle for entrepreneurs. To address this issue, this study examines the impact of financial development on entrepreneurship in ۴۴ developing and developed countries between ۲۰۰۸ and ۲۰۱۸. Private sector credit to GDP and market capitalization to GDP are considered independent variables, while perceptions of corruption, inflation rate, and per capita GDP serve as control variables. The findings of the six estimated models demonstrate the stability of the coefficients and models. The results reveal a positive correlation between private sector credit to GDP and the entrepreneurship index. Additionally, the second index of financial development exhibits a positive and significant relationship with the index of entrepreneurship. The coefficients of the corruption perception index are also positive for both models, indicating that reducing corruption can facilitate the process of entering into business.
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Authors
Habib AsnariSamani
Faculty of Economics, Yazd University, Yazd, Iran.
Milad Mirzapour
Faculty of Accounting and Financial Management, Yazd University, Yazd, Iran.
Reihaneh Asgari
Faculty of Economics, Yazd University, Yazd, Iran.