عنوان انگلیسی مقاله:
Do financial reforms promote entrepreneurship?
ترجمه فارسی عنوان مقاله:
آیا اصلاحات مالی باعث تقویت کارآفرینی می شود؟
Sciencedirect - Elsevier - Finance Research Letters, 34 (2020) 101272: doi:10:1016/j:frl:2019:08:020
Chandan Kumar Jha
This paper investigates whether financial reforms promote entrepreneurship. Using a panel of 41 developed and developing countries from around the world, we find that financial sector reforms are positively associated with early-stage entrepreneurial activity. In a variety of robustness checks, including a falsification test, we fail to find the evidence that this relationship is driven due to the omission of unobserved, country-specific factors. Investigating the relationship be- tween reforms in different dimensions of the financial sector and entrepreneurship, we find re- forms in directed credit, credit controls, banking supervision, and international capital flows dimensions to be significantly associated with early-stage entrepreneurial activity.
Keywords: Entrepreneurship | Banks | Financial sector reforms | Liberalization | Financial sector regulation